Despite weakening expectations for a US Federal Reserve interest rate cut, Bitcoin has surpassed $80,000, demonstrating its ability to overcome macroeconomic headwinds, CoinDesk analyzed. Recently, British investment bank Barclays and some financial institutions have withdrawn their projections for the Fed's interest rate cut, citing rising energy prices due to geopolitical tensions related to Iran and inflation concerns. The media explained, "Typically, prospects of interest rate hikes or freezes act as negative factors for risk assets, but BTC is strengthening its nature as an inflation hedge, and funds are flowing in through spot ETFs. Technically, the $81,500 resistance level and the CME gap near $84,000 are key points. The current price is at the upper resistance line of an ascending channel. If BTC breaks above its 200-day moving average of $83,430, additional upward momentum is expected to strengthen."
