Bitcoin and the Stock Rally: Will BTC Jump to 80K?

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Despite the stubborn, almost spectral standoff in the Middle East, the U.S. stock market lifts its head once more and writes another record in its ledger. Is a peaceful resolution already priced in? Can the S&P 500 push beyond its eight-year ascent? And could Bitcoin, that restless spirit of our era, ride this market current to $80,000 and beyond, like a bold traveler with a satchel of dreams?

In the gray parlor of the S&P 500

The weekly chart for the S&P 500 shows an ascending channel that has grown over the years; to break its crest is not to be taken lightly. The present ascent is swift, perhaps the swiftest in living memory. It will either continue, or this weekly candle shall retreat inside the channel’s quiet boundaries.

Should the candle stay above the top trendline and there is confirmation of the breakout next week, one might fancy a grander ascent looming on the horizon, like a curtain rising on a theatre where fate occasionally smiles.

$BTC price heading back to the top of the bear flag?

The near-term chart reveals that BTC pierced the ascending trendline. The breach was confirmed, yet from it has emerged a W pattern. Recently the price rose above the neckline of this pattern. If the measured move plays out, it would carry the price to just beyond the bear flag’s crest.

All eyes rest on the U.S. market on Friday. A positive weekly close above a multi-year channel could set equities afire, perhaps even to a blow-off top. Bitcoin would likely respond with a flourish in such a bullish climate, but a failed breakout in the S&P 500 would probably cast a similar melancholy upon BTC.

Several barriers to the upside, but golden crosses looming

The daily time frame reveals the obstacles BTC must overcome to reverse its course. First, the bulls must push the price out of the bear flag and above the $80,000 resistance. Next, a successful break beyond the 200-day SMA. The third obstacle is the formidable resistance at $90,000, and finally, the last barrier to re-enter the bull market would be a higher high than the previous pivot at $98,000.

One must admit these are the principal obstacles; other resistances await along the road, each with its own little ego in the way. Still, they give a sense of the vast task before the bulls-like moving a stubborn herd through an old park with a few cheerful but obstinate gatekeepers.

Among the factors that could propel this rally along are a cross-up in the daily Stochastic RSI indicators. Also, two golden crosses appear to be on the horizon: the 50-day SMA crossing above the 100-day SMA, and then the 50-day SMA crossing above the 200-day SMA.

Bullish monthly time frame

A view from the heights-the monthly frame-tells a tale at length. Many investors do not go this far, preferring to linger in the weekly’s soft twilight. Yet the simple chart speaks volumes about what may come for BTC.

First, there is a major trendline, begun at the start of 2023, which gave support later that year and, crucially, was touched again at the beginning of 2026, forming the base for the current rally. As long as price remains above this line, one may suppose the bottom is in and that a durable rally could carry the price back toward the all-time high.

There is, however, another possible lower trendline. Should BTC descend to meet it, a bottom near $30,000 might be imagined, though a more probable encounter would be around $40,000.

In the more optimistic mood, the Stochastic RSI indicators on the monthly have lately crossed up from the bottom. Once they surpass the 20.00 level, they should signal considerable upside momentum. Will the bulls surprise us all and emerge from the bear sooner than the market dares to expect?

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2026-05-01 13:14