Bitcoin traders explain why $80K is the next target for bulls

💡 DMK Insight

Spot Bitcoin ETF inflows are back, and here’s why that matters: this could be the catalyst BTC needs to break through resistance levels around $75,000-$80,000. With BTC currently at $67,435.00, traders should keep a close eye on volume trends and sentiment shifts. If inflows continue, we might see a significant uptick in buying pressure, pushing BTC towards those key levels. Historically, ETF approvals have led to bullish runs, so this isn’t just noise—it’s a potential game-changer. But, be cautious: if BTC fails to hold above $67,000, it could trigger a wave of profit-taking that might send prices lower. Watch for any news on institutional participation or regulatory updates, as these could further influence market dynamics. If BTC can maintain momentum and break past $70,000, it could pave the way for a test of that $75,000-$80,000 range. Keep your charts handy and look for volume spikes as confirmation of this bullish trend.