Bitcoin at $79400

[bubilas]

Bitcoin has been predicted to crash to $60,000 many times, but apparently, that crash didn't affect this morning. And as you can see, Bitcoin has surged today, breaking the psychological $80,000 mark, where it currently stands. The first attempt was rejected this morning. On the second attempt, it's been there for an hour now. But again, everything is fleeting, and this movement before American trading, although optimistic, is, I'll say it this way, a mix of joy and anxiety. Bitcoin's rise occurred against the backdrop of Asian stock markets approaching record highs. And also thanks to an influx of $630 million in one day. I congratulate everyone on this, and it's nice to see digital gold pleasing investors.

Naturally, there's also optimism about cryptocurrency regulation in the US. Having surpassed $80,000, Bitcoin has reached its highest level since January 31st. However, after reaching its all-time high of $126,000, investor pessimism hasn't disappeared. That means new highs are still a long way off. Will the bears sit idly by? The likelihood of a sell-off along several key lines above $80,000 is quite significant. Again, I return to where I started. When many are talking about a sell-off, the market may paint a slightly different picture.

[imthegreat]

Much will be decided in the US market. Bloomberg is focusing on emerging market stocks, which, as we see, have risen today. They believe this is one of the drivers of Bitcoin's rise to 80k, but I think this is just one piece of the puzzle. I think the rally was also fueled by strong tech company earnings and hopes for the resumption of shipping through the Strait of Hormuz, which has consequently improved investor sentiment.
In any case, such a wonderful psychological breakthrough is unexpected and very pleasant, because given what's happening in the world, I would have expected Bitcoin to have not reached 80,000. And would have likely fallen below 70,000. Well, apparently, times are always unpredictable, even for experienced investors.

[maydna]

Bitcoin has been predicted to crash to $60,000 many times, but apparently, that crash didn't affect this morning. And as you can see, Bitcoin has surged today, breaking the psychological $80,000 mark, where it currently stands. The first attempt was rejected this morning. On the second attempt, it's been there for an hour now. But again, everything is fleeting, and this movement before American trading, although optimistic, is, I'll say it this way, a mix of joy and anxiety. Bitcoin's rise occurred against the backdrop of Asian stock markets approaching record highs. And also thanks to an influx of $630 million in one day. I congratulate everyone on this, and it's nice to see digital gold pleasing investors.

Naturally, there's also optimism about cryptocurrency regulation in the US. Having surpassed $80,000, Bitcoin has reached its highest level since January 31st. However, after reaching its all-time high of $126,000, investor pessimism hasn't disappeared. That means new highs are still a long way off. Will the bears sit idly by? The likelihood of a sell-off along several key lines above $80,000 is quite significant. Again, I return to where I started. When many are talking about a sell-off, the market may paint a slightly different picture.

Perhaps the crash is not yet coming and the price still hodl at the current level price. No one if Bitcoin really crash and dump to that price but we should prepare for that. Bitcoin still up and down but that will not stop investors who believes in Bitcoin as they are accumulating Bitcoin.

They still optimist Bitcoin can rise higher and pass $80k although they don't know the right time. They just use this time to accumulate and waiting for the benefits in the future. If they just waiting for the market moves without doing something, the profit will not be big.

[summonerrk]

Much will be decided in the US market. Bloomberg is focusing on emerging market stocks, which, as we see, have risen today. They believe this is one of the drivers of Bitcoin's rise to 80k, but I think this is just one piece of the puzzle. I think the rally was also fueled by strong tech company earnings and hopes for the resumption of shipping through the Strait of Hormuz, which has consequently improved investor sentiment.
In any case, such a wonderful psychological breakthrough is unexpected and very pleasant, because given what's happening in the world, I would have expected Bitcoin to have not reached 80,000. And would have likely fallen below 70,000. Well, apparently, times are always unpredictable, even for experienced investors.

April was a month of recovery for Bitcoin. After a 22% drop in the first quarter, BTC closed April with a gain of around 13% and returned to the key $79,000–$81,000 zone. Everyone felt that the growth was driven by pessimistic retail sentiment: the fear and greed index has been in fear zone for 10 weeks now. If the decline in open interest had been accompanied by weakness in the spot market, it would have indicated capital flight. But Bitcoin returned to $80,000!
Support- 75-76K.
Resistance: $80,000 and it has already been broken, consolidation above is required. Failure to consolidate above $80,000 this week will return BTC to 75-76K.  Steady inflows into Bitcoin ETFs and Strategy's $1-2 billion weekly purchases will lay the foundation for a breakout of 85K.