BTC price stalls under $80,000 as ETFs pour in but US-Iran risk caps momentum
Bitcoin (BTC) paused below the $80,000 resistance zone after briefly touching ~$79,000 late Sunday. On Monday, BTC edged lower to about $77,873, though it still logged a fourth consecutive weekly gain since late March.
A key support remains institutional demand. SoSoValue data shows US-listed spot Bitcoin ETFs recorded $823.7 million in net inflows last week, following $996.38 million the prior week—marking four straight weeks of positive flows. Traders may treat continued inflows as fuel for another upside attempt toward $80,000 and beyond.
However, macro risk is tempering appetite. The article cites rising geopolitical uncertainty around US-Iran tensions and the Strait of Hormuz, including a reported proposal to reopen the Strait and extend the ceasefire—while outcomes appear politically contested. This uncertainty likely contributes to BTC hesitation near the major psychological level.
Technically, the BTC/USD 4-hour structure is described as constructive despite rejection near $80,000. BTC recently moved above the 61.8% Fibonacci retracement around $78,490. Momentum indicators lean mildly bullish: RSI around 54 and a bullish MACD crossover from mid-April.
Upside levels highlighted include $78,962 then the $80,000 zone; a break could target roughly $82,488 (200-week EMA) and $84,410. If selling returns, support is noted near $75,680, then the 100-day EMA around $75,619, with deeper downside levels toward ~$73,363 and the $60,000 structural floor.
Neutral
BTC shows mild bullish support from sustained spot ETF inflows, but it is currently stuck under a major $80,000 resistance and faces a headline-driven macro overhang (US-Iran / Strait of Hormuz uncertainty). This mix often produces range-bound price action: institutions provide the bid, yet traders reduce leverage and risk sizing near big round-number levels until the next catalyst clarifies.
In similar prior periods, when BTC ETF flows stayed positive while macro/geopolitical headlines increased, price typically oscillated around key resistance bands rather than breaking out immediately. Here, short-term momentum indicators (RSI>50, bullish MACD crossover) lean constructive, but the failure to reclaim/hold above $80,000 suggests sellers are defending that level. Long-term, if weekly ETF inflows remain uninterrupted, the odds improve for a later breakout; short-term, traders should expect elevated volatility around the $78,962–$80,000 zone and watch whether support around ~$75,6k–$75,7k holds.