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Crypto News, Bitcoin price has rebounded to $80,000 driven by surging ETF demand and positive news from Iran, breaking through $80,000 on Sunday night, reaching a high of $80,750 today, up about 2% in 24 hours.
This price is seen by analysts as an important psychological resistance level, now turning into a potential support level.
This rebound from the February lows has increased 15-20%, with Bitcoin entering a critical attractive zone.
In April, Bitcoin ETF products recorded a net inflow of $1.97 billion, reversing previous outflows and confirming that institutional funds are returning.
The US spot Bitcoin ETF has recorded net inflows for the fifth consecutive week, totaling $153.87 million.
The golden cross formed on the daily chart indicates short-term momentum has surpassed broader trends, and if Bitcoin maintains the current range, confirmation may arrive within a few days.