Bitcoin’s rally stalls below $80k: Check forecast

TL;DR

• BTC briefly touched the $79k level during the late hours of Sunday.
• US-listed spot BTC ETFs recorded inflows of over $820 million last week, marking the fourth straight week of positive flows.

Bitcoin (BTC) edges slightly lower on Monday, trading around $77,873 after securing its fourth consecutive weekly gain since late March. Despite the mild pullback, the broader bullish structure remains intact, underpinned by steady institutional demand. 

However, as BTC approaches the critical $80,000 resistance zone, rising geopolitical uncertainty tied to US-Iran tensions and the Strait of Hormuz is tempering near-term risk appetite.

Institutional demand remains a key factor

Institutional flows continue to provide strong support for Bitcoin’s upward trajectory. According to SoSoValue data, spot Bitcoin ETFs recorded $823.7 million in net inflows last week, following $996.38 million the week prior. 

This marks four straight weeks of positive inflows, reinforcing sustained institutional interest. If the trend persists or accelerates, it could fuel another ...