Bitcoin Eyes $80K Rally on Middle East Peace Hopes: Analyst

Bitcoin (BTC) climbed back toward $78,000 on Monday after analysts tied the latest rebound to easing tensions between the USA and Iran, and the prospect of a broader recovery across risk assets.

Traders who spent much of the past two weeks bracing for another leg down are now watching whether the flagship cryptocurrency can reclaim the low-$80,000 range and drag altcoins higher with it.

Peace Deal Is the Macro Catalyst Crypto Has Been Waiting For

Writing on X earlier today, analyst Michaël van de Poppe laid out the chain of events he expects to follow a Middle East peace agreement:

“Oil goes down. Yields go down. Risk on assets will do well. Bitcoin breaks above $80k+ again. Altcoins will have their time for the entire summer.”

According to him, the concern had been whether BTC could reclaim a key resistance area, which it now appears to have done so.

“From that point on, many charts look like they want to break upwards, and that would be putting crypto back on the map,” he wrote.

The timing of the post matters, considering that Bitcoin had dropped to just above $74,000 on Saturday morning, its lowest point in May, after a new round of threats from President Trump directed at Iran.

The reversal came quickly once Trump himself announced that both sides had made real progress toward a permanent peace deal, with BTC climbing back to around $77,200 before running into resistance.

At the time of writing, the OG crypto was trading near $77,500, which is still well off its 7-day high of roughly $78,000 and down about 38% from its all-time high above $126,000 set in October 2025.

Meanwhile, over the past year, Bitcoin has lost about 28% of its value.

Trader Sykodelic, posting around the same time as van de Poppe, was cautiously optimistic but warned that a peace deal announcement this week might actually produce an initial dip before any sustained move higher.