Bitcoin is likely to remain range-bound in the short term, with $80,000 acting as a key upper resistance level, CoinShares said. A clearer move higher would require the Federal Reserve to confirm that monetary-policy risk has shifted and that it is no longer leaning toward additional tightening. CoinShares said Bitcoin’s recent gains were driven mainly by softer U.S. inflation and employment data rather than crypto-specific positives. At the same time, on-chain data indicates that Bitcoin whales are accumulating again.