Bitcoin Starts May on a Strong Footing as Analysts Eye an $84K Breakout - Tekedia

Bitcoin rose nearly 2% in early May and traded above $78,000, with analysts eyeing $80,000 as the key breakout level.

If Bitcoin clears $80,000, some traders see room for a move toward $84,000 or higher.

The rally was helped by $629.9 million in net inflows into U.S. spot Bitcoin ETFs.

Strong ETF demand and institutional buying from firms like BlackRock and Fidelity could support a broader trend reversal.