Bitcoin keeps knocking on $80K, but the door won’t open
Crypto Briefing
Bitcoin faces stiff resistance at $80,000 despite strong institutional ETF inflows and improved market sentiment.Summary
Bitcoin has struggled to surpass the $80,000 resistance level, experiencing two recent rejections despite positive indicators. While the cryptocurrency is seeing significant institutional support, evidenced by $1.9 billion in weekly net inflows to spot ETFs and a shift in market sentiment from fear to neutral, the price remains range-bound. Analysts suggest that while repeated testing of a resistance level can weaken it, traders must watch for a potential breakout or a decline toward $74,000 support as the market heads into May.
(Source：Crypto Briefing)