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

Bitcoin is eyeing an $80,000 rally on Middle East peace hopes as price action edges back toward the key level. The token traded near $77,500 after rebounding from a May low around $74,000, having briefly touched the low-$70,000s earlier in the week. Analysts say a peace deal could unleash a broader risk-on phase, with oil and yields declining and Bitcoin climbing above $80,000, potentially lifting altcoins through the summer. But caution remains: some traders warn of a temporary dip before a sustained move higher. On-chain data show about 18,000 BTC flowed to exchanges while roughly 16,000 BTC left via US spot ETF activity.