Will BTC make it to $80K before halving after LSE and MicroStrategy announcements?

Bitcoin (BTC) price is holding stably above the $70,000 threshold, topping out at $72,661

It comes on the back of two bullish reports that have reinvigorated the fear of missing out (FOMO) among BTC holders and crypto market participants.

First, reports indicate the London Stock Exchange (LSE) is set to welcome Bitcoin and Ether (ETH) exchange-traded note (ETN) applications in the beginning of the second quarter.

Secondly, Bitcoin price is also rallying on the back of reports that MicroStrategy has added to its Bitcoin portfolio. Specifically, the business intelligence firm has acquired an additional 12,000 BTC for approximately $821.7 million using proceeds from convertible notes and excess cash. The average purchase price for this acquisition was approximately $68,477 per BTC token.

Bitcoin price is showing strength, pushing north and holding above the $72,000 threshold. It confirmed the breakout after flipping the supply zone extending from $62,278 to $65,618 into a bullish breaker during the March 7 trading session.

On the weekly time frame, Bitcoin price is sitting on support at $69,000 with potential for extended gains. This is seen with the rising momentum, signified by the ascending Relative Strength Index (RSI). The histogram bars of the Awesome Oscillator (AO) are also growing in volume, showing more bulls are approaching the scene.

In addition, the volume indicator is showing pronounced bars, pointing to a trend that is only growing stronger, with bulls not showing any signs of stopping. If sustained, BTC could climb to the $80,000 psychological level, nearly 10% above current levels.

On the other hand, if traders cash in on the gains made over the past five days, Bitcoin price could retract back into the supply zone. A break and close below its midline at $64,044 would confirm the continuation of the downtrend. This could see BTC roll over to the $60,000 threshold before a possible pullback. 

$80,000 or $60,000 what comes first?? Please comment..