Bitcoin Holds Above $80K As Middle East Tensions Weigh
2026-05-06·via All Articles on Seeking Alpha
Summary
Bitcoin (BTC-USD) has risen back above the psychological level of $80K, posting a three-month high and an increase of about +17% over the last month.
The main driver behind this move has been a noticeable inflow of institutional capital: in April 2026, US-listed Bitcoin ETFs recorded record net inflows of roughly $1.97-2.4 billion, coinciding with the strongest monthly price gain since April 2025.
Technically, the market is in a decision zone: an uptrend channel with support around $73-75K and a daily rally that started from the February low near $62-64K confirms a bullish structure, but momentum remains weak.
Olemedia/E+ via Getty Images
By Anton Kharitonov
Bitcoin (BTC-USD) has risen back above the psychological level of $80K, posting a three-month high and an increase of about +17% over the last month. The main driver behind this move has been a noticeable inflow