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BTCUSD surges past $80000 on strong ETF inflows and easing geo political tension. It reaches an intraday high of $77437 and is currently trading at roughly $77124.
As of early May 2026, US spot Bitcoin ETFs have entered a crucial recovery period, securing their fifth consecutive week of net inflows and successfully erasing the memory of earlier seasonal outflows. This optimistic trend, which picked up speed after a crucial USD 787 million turnaround in March, highlights growing institutional trust as key products like BlackRock's IBIT continue to outstrip the historical growth rates of gold ETFs. These consistent capital inflows suggest that professional investors see the present market stabilization as a great opportunity for long-term exposure, by offering a steady demand floor to maintain Bitcoin's price above critical technical levels.
|
Technicals |
CMP -$79710 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$78703 |
CMP< 55 EMA |
Bearish |
|
200- EMA |
$77730 |
CMP >200- EMA |
Bullish |
|
365- EMA |
$7354 |
CMP< 365 EMA |
Bullish |
Major support- $76000/ $74800/$74000/$73290/$70000/$67000/$64000/$60000. Minor bullishness only above $80000. Any break above targets $85890/$90000.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bearish |
-30.99 |
|
ADX |
Neutral |
|
It is good to buy on dips around $75000 with SL around $71980 for a TP of $84490.
