Bitcoin Price News: BTC Eyes $80K – 8 Straight Days of ETF Inflows vs. Crowd Euphoria Warning

Bitcoin trades around $77,752 at press time after briefly touching $78.7K today (April 24). That level now looks like the main area of resistance. The price has rejected $80K twice in the past week, yet buyers keep stepping in.

Crypto has largely decoupled from traditional markets in recent weeks, but a sudden escalation of tensions in the middle east for example could still trigger a flight to safety – or a rush out of risk. With ETF inflows strong and crowd sentiment swinging from FUD to FOMO, Bitcoin’s path to $80K is anything but simple. Let’s dig into the key drivers.

News Affecting Bitcoin Price

The geopolitical backdrop remains fragile. The United States and Iran have intermittently observed a short‑term ceasefire brokered by Pakistan, but negotiations remain inconclusive. Both sides accuse the other of violating terms or failing to commit seriously. Washington has maintained economic and naval pressure, including a blockade of Iranian ports and intensified sanctions aimed at forcing Tehran toward concessions on its nuclear and missile programs.

ETF Inflows Extend Streak to Eight Days – On April 23 (ET), spot Bitcoin ETFs recorded a total net inflow of $223 million, extending their net inflow streak to eight days. Spot Ethereum ETFs saw a total net outflow of $75.936 million, ending a 10‑day inflow run. Institutions continue favoring BTC over ETH, adding steady buy pressure.

Hoskinson Proposes Bitcoin Yield on Cardano – Cardano founder Charles Hoskinson detailed an automated framework to let Bitcoin holders earn yield without managing complex DeFi processes. Bitcoin would be supplied for lending to obtain stablecoins, which are then deployed in Cardano’s RealFi apps. Returns are used to buy more BTC, which is returned to the user. The proposal hinges on upcoming Cardano and “Midnight” privacy upgrades, with a potential launch before year‑end 2026.

Santiment: Crowd Swings From Extreme FUD to FOMO – Santiment reported that the Bitcoin crowd swung from extreme pessimism on Monday to ultra FOMO mode on Thursday. Just as BTC looked like it was going to freefall after an $80K rejection (a clear buy signal when FUD spiked), prices quickly rallied above $78.7K. Now that $80K is being teased again, crowd FOMO has climbed significantly – a clear caution signal.

The attached Santiment chart shows the Positive/Negative Sentiment ratio spiking above the “FOMO Zone” line on April 23. The previous FUD spike on April 20 (below the “FUD Zone” line) marked a safe time to buy the dip. Markets move opposite to the crowd’s expectations. A breakout above $80K would be massive, but it would ideally happen when optimism calms down slightly.

Read also: Ethereum (ETH) in 2026: 5 Reasons It Could Outperform Bitcoin

K A L E O’s Bitcoin Take – Bear Market Lows Are Already In

Analyst K A L E O tweeted a long‑term Bitcoin chart spanning from 2018 to 2027. His view: bear market lows are already in. Equities markets are hitting all‑time highs after erasing dips. Commodities like precious metals and oil have already hit new all‑time highs or closed in on them. Only a matter of time before BTC does the same.

The attached chart shows BTC’s 2017 all‑time high near $19,521 and the 2021 high near $68,815. The current price sits around $78,448‑$78,449, already above those prior peaks. The chart projects a continuation higher through 2026 and 2027, with no major resistance shown until well above current levels. K A L E O’s argument is simple: every other major asset class has already broken out. Bitcoin is next.

Bitcoin Price Outlook Today

 Bullish scenario: If BTC closes a daily candle above $80,000 with volume, the breakout would trigger a wave of short liquidations and FOMO buying. The next target would be $85,000, then $90,000 within weeks.

 Bearish scenario: If $80,000 rejects again and sentiment remains euphoric, a pullback to $74,000‑$75,000 is likely. A break below $73,000 would target $70,000 and potentially retest the $68,000 support zone.

 Most likely scenario (65% probability): BTC consolidates between $76,000 and $79,000 for the next few days, waiting for a catalyst. The eight‑day ETF inflow streak provides a floor, but the crowd FOMO needs to cool before a clean breakout. A push above $80,000 by early May remains the base case.

FAQs

Why is bitcoin going up today

Bitcoin is rising today due to eight consecutive days of spot ETF inflows (totaling $223 million on April 23 alone), a sharp swing from crowd FUD to FOMO as price rebounded from $74K, and renewed optimism that a fragile US‑Iran ceasefire may hold, reducing geopolitical risk.

Where is bitcoin stored

Bitcoin is stored in digital wallets, which can be software‑based (hot wallets like mobile or desktop apps) or hardware devices (cold wallets like Ledger or Trezor); the bitcoin itself exists on the blockchain, and the wallet stores the private keys needed to access and transfer it.

What’s happening to Bitcoin now

Bitcoin is trading near $77,750 after briefly touching $78.7K, facing strong resistance at the $80K psychological level; traders are watching whether ETF inflows can push BTC through this barrier or if crowded FOMO signals a short‑term pullback.