Bitcoin Eyes $80K Amid Rising Exchange Inflows
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Bitcoin has reclaimed the $77,000 level despite a notable increase in exchange inflows and continued outflows from spot BTC ETFs. This resilience suggests strong underlying demand, potentially from institutional investors accumulating via OTC desks or derivatives markets. The ability to hold above $77K while facing selling pressure indicates that bullish momentum remains intact.
If Bitcoin can sustain its current trajectory, a move toward the $80,000 psychological resistance is plausible in the coming days. However, traders should monitor exchange balances and ETF flow data for signs of weakening demand. A break above $80K would likely trigger further upside, but failure to hold $77K could lead to a retest of lower supports.
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