Renowned trader Eugene Ng Ah Sio diagnosed that Bitcoin reclaiming and maintaining the $80,000 mark would be a decisive signal for a market reversal. He identified the recovery to $80,000 as the first trigger to break the chain of a long bear market that has continued since September 2025. While Eugene recalled, "The recent cryptocurrency market has been a painful period with high opportunity costs due to its lower attractiveness compared to the stock market," he predicted that if Bitcoin settles above the psychological and technical resistance level of $80,000, speculative funds that had left would flock back, initiating a full-fledged rally. In particular, he emphasized that it's not that prices can't rise due to a lack of positive news, but rather that one should pay attention to the unique physiology of cryptocurrencies where new positive news and narratives are created only after prices rise first.
