Bitcoin (BTC) and several cryptocurrencies took a break from the recent rally on Thursday. The seven-day push saw the flagship cryptocurrency reclaim the $80,000 level for the first time since the beginning of February.

However, global equities rallied to new highs over optimism about a US-Iran ceasefire and record corporate earnings.

Crypto Market Rally Stalls

Bitcoin (BTC) reached an intraday high of $82,814 on Wednesday before retreating and ending the day at $81,438. It dipped to a low of $80,724 on Thursday but held above $80,000 as sellers attempted to gain control following the recent rally. According to Alex Kuptsikevich, chief market analyst at FXPro, Bitcoin faces its next test at the 200-day moving average, around $83,300….