That move is intriguing, but I'd advise caution before labeling it a "confirmed recovery" at this point.
Even if BTC surges past $80K, it might just be a temporary spike driven by liquidity within a wider zone of volatility, especially given the prevailing macro uncertainties. When oil prices remain high and global risks intensify, the crypto market tends to experience sudden fluctuations instead of clear trends.
As you mentioned, the true challenge lies in whether it can sustain levels above the 365-day moving average with substantial trading volume—not just momentarily breach it. Failing that, this could easily transition into another phase of distribution rather than a significant upward trend.
It's also worth keeping an eye on funding rates and ETF inflows. These factors often reveal the underlying truth behind market movements 👀.