Bitcoin Bounces Back to $80,000
Calmer market: One-week options volatility eased to about 34% from 41% during the election spike.
Healthy move: The rally was not driven by heavy borrowing. About $469 million of leveraged positions were reset.
Levels to watch: Support at $78,000. Resistance at $80,000 to $82,000.
RupeeRadar Insight: Bitcoin is moving like a tech stock, following the risk-on mood. Bitcoin ETFs were still seeing outflows earlier this month. A return to ETF inflows is the trigger for a break above $82,000.