Bitcoin (BTC) slipped back below $80,000 late Thursday after the U.S. carried out fresh airstrikes in Iran, triggering a sharp reaction across global markets. Brent crude briefly crossed $100 per barrel before easing slightly during Asian and European trading hours.
Crypto markets were already trading cautiously after Michael Saylor said Strategy may consider selling bitcoin to meet dividend obligations tied to its STRC offering, which’s a notable shift from the company’s long-standing “never sell” stance. Adding to the market focus, CME Group is set to launch bitcoin volatility futures on June 1, subject to regulatory approval. The product will give traders a new way to hedge or speculate on the intensity of BTC price movements rather than the direction alone.
At the time of writing, BTC was trading at $81,207.
Bitcoin, after making a low of $60,000, started consolidating in a range between $65,000 and $75,000. The asset finally gave a breakout above the range and rallied up to $82,850 with declining volumes, while the bulls are struggling to deliver a follow-through rally. BTC will face stiff resistance at the $85,000 and $100,000 levels. If it breaks, closes, and sustains above these resistance levels, then we can expect the price to test the all-time highs, whereas $75,000 and $65,000 will act as strong support levels for the asset.
Also Read: Bitcoin Price Prediction
Key Levels
| Support 2 | Support 1 | Asset | Resistance 1 | Resistance 2. |
| $65,000 | $75,000 | BTC | $85,000 | $100,000 |
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