Charles Edwards Says Bitcoin Must Clear $80,000 to Confirm Next Major Bull Market

Capriole Investments founder Charles Edwards argues that Bitcoin needs a decisive move above $80,000 to validate a new full-scale bull market, based on his Institutional Closed Basis model. He notes that the upper band near $81,487 represents the cost ceiling for major funds and public companies, and a breakout would push most institutional positions into profit and remove a key resistance zone. Edwards still warns that quantum computing could pose a serious challenge to Bitcoin around 2028, viewing the current rally as a window to strengthen the network.