After briefly falling below $76,000, Bitcoin rebounded and surged above $81,000 before stabilizing around $80,400. Reduced uncertainty following the U.S. Midterm elections and a recovery in broader financial markets supported the move, while a bullish MACD crossover strengthened market optimism. Several analysts set targets of $82,000 to $87,000, provided Bitcoin maintains its gains. BTC reserves on centralized exchanges fell to a near five-month low of about 2.83 million coins, which is a positive factor, but transfers of 4,259 BTC by Trump Media Group and more than $130 million in cryptocurrency by MARA Holdings indicate a risk of near-term selling. Rising geopolitical tensions, including preparations by the Trump administration for a possible resumption of major military operations in Iran, could also weigh on riskier assets.
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