PANews reported on May 4th that Nic Puckrin, co-founder and CEO of Coin Bureau, published an analysis on the X platform, stating that Bitcoin has strongly broken through $80,000, reaching a new price high in nearly three months, and simultaneously returning to the reasonable range of several core technical levels and on-chain indicators.

Currently, the price of Bitcoin has stabilized above the midpoint of the CME gap between $79,000 and $84,000, a key support zone for the bull market. It has also broken through to align with the true market mean for short-term holders. If the current price level holds, the next upside target will be the $83,000 ETF average cost area and the upper edge of the $84,500 CME gap. Overall, Bitcoin's short-term price action has entered a crucial verification phase, and the market may be entering a period of increased volatility.