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Bitcoin breaks $80,000 as institutional demand grows
Bitcoin’s rise has been accompanied by ETF inflows reaching their highest level since November 2024, while analysts flag $87,000 to $88,000 as a key resistance zone.
Bitcoin has pushed through the $80,000 level, with The Block citing analysts and industry players who say the move is drawing institutional demand.
The Block reports that ETF inflows have hit their highest point since November 2024, adding momentum to the breakout narrative.
In commentary summarized by The Block, K33, Nexo, and 21shares discussed how bitcoin still may have room to advance, while pointing to technical levels that could matter next.
They highlighted $87,000 to $88,000 as the next resistance area, implying traders may watch whether the price can clear that range.
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