Bitcoin Recovery Nears Crossroads at $78K
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Bitcoin is trading near $78,000, roughly 38% below its October 2025 peak, as multiple recovery engines run in parallel. US spot Bitcoin ETFs have registered significant inflows, with $1.32 billion in March reversing the outflow streak from November 2025 through February. From April 6 to April 22, an additional $2.42 billion was added net, totaling $3.8 billion in 2026. This institutional demand signals renewed confidence despite the market's current crossroads.
The path to $150,000 remains open, but Bitcoin must hold support near $78,000 to sustain the recovery. The combination of ETF inflows and improving macro sentiment suggests a bullish bias, though volatility is expected. A decisive break above resistance could accelerate the rally, while failure to hold current levels may lead to a retest of lower supports.
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