Bitcoin Ready to Break $80,000? Three Reasons Why Traders Expect a Rally in Days

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With massive institutional funds pouring into Bitcoin (BTC) spot Exchange-Traded Funds (ETFs) and favorable macroeconomic tailwinds, Wall Street is abuzz with optimistic forecasts that the leading cryptocurrency will reclaim the $80,000 mark within a few days.

According to DL News on April 24 (local time), Gabe Selby, Head of Research at CF Benchmarks, predicted that Bitcoin, which has risen 10% in the past month and is trading around $78,000, will soon break $80,000. He diagnosed that this uptrend is not driven by short-term speculation from retail investors but by solid capital inflows from large institutions, such as major asset management channels. According to DefiLlama data, US spot Bitcoin ETFs attracted $1.3 billion in March, followed by $2.5 billion in net investment in April. Notably, on April 17, an unprecedented $660 million flowed in on a single day, primarily centered around BlackRock's products.

The first reason experts are confident about a short-term rally is the aggressive buying behavior of Strategy, a major market player. The company recently invested approximately $2.5 billion to acquire an additional 34,164 Bitcoins, increasing its total holdings to over $60 billion. Satish Patel, an investment analyst at CoinShares, explained that Strategy financed 85% of this purchase through preferred shares offering an 11.5% dividend. This structure strongly attracts investors seeking high returns, solidifying the market's structural buying foundation.

The second reason is that Bitcoin has demonstrated strong fundamental resilience by enduring fatal negative events. Recently, a $300 million hack occurred in a decentralized finance protocol, leading to an extreme stress test where approximately $10 billion exited across various virtual asset projects. In past cycles, such an event would have spread like an epidemic across the entire market, but this time, the investment sentiment for the leading cryptocurrency remained firm, showing remarkable defensive power with damage limited to a few projects.

The third reason is the clear synchronization with global stock markets. The 90-day rolling correlation between the tech-heavy Nasdaq 100 index and Bitcoin rose from 0.49 in early October to 0.58 recently. Economist Ed Yardeni assessed that overall investment sentiment in the macro market has turned positive despite global instability and rising oil prices. Selby also analyzed that as risk appetite revives, the leading cryptocurrency is riding the wave of the stock market's bull run.

Meanwhile, the cryptocurrency market appears to be taking a breather amidst these positive developments. Bitcoin is currently trading at $77,812, down 0.6% from 24 hours ago, and Ethereum (ETH) is also down 1.6% at $2,314. However, as it is still about 38% cheaper than its peak of $126,000 in October 2025, investors worldwide are keenly watching how far this institutional-fund-driven rally will extend.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*