BTC price hits wall at $80,000, one analyst says the pullback is temporary: Crypto Daily

Bitcoin is currently facing resistance at the $80,000 mark, with sellers preventing a sustained breakout despite positive indicators like stablecoin liquidity, ETF demand, and a risk-on equity market. Alex Kuptsikevich, chief market analyst at FxPro, noted that concentrated sell orders are forming a near-term ceiling. However, he believes this pullback is temporary and aligns with the broader uptrend that began in late March. Supporting this view, on-chain data shows significant stablecoin inflows into exchanges like Binance, suggesting new capital is waiting to enter the market. Institutional demand remains robust, with U.S.-listed spot Bitcoin ETFs attracting substantial investment. Despite these positive signs, security risks in decentralized finance (DeFi), including recent exploits that have resulted in significant losses, continue to weigh on sentiment. Traditional markets are also influenced by constrained oil supply, contributing to inflation concerns.

(Source：CoinDesk)