Bitcoin's recent recovery has been driven by strong institutional demand, with U.S.-listed spot Bitcoin ETFs recording sustained inflows of over $2.1 billion in a single week.
The $80,000 resistance level remains a significant hurdle for the cryptocurrency to overcome, as short-term holders are selling into strength and adding to supply. However, corporate accumulation and favorable May seasonality are supporting the market's bullish case.
CoinCodex's price prediction suggests that Bitcoin will move above $80,000 in May and surpass $90,000 by late July, implying a 19.6% increase over the next three months.