Bitcoin Price Surges to $80,000 Amid ETF Demand and Geopolitical Tension

The bitcoin price has reached new heights, surpassing the $80,000 mark after a period of recovery from February lows. This move has been fueled by institutional demand for Bitcoin ETF products, which have seen net inflows of over $1.97 billion in April.

A Golden Cross is forming on the daily chart, indicating that near-term momentum is outpacing the broader trend. This technical setup has a history of preceding sustained bull markets in bitcoin price.