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

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With massive institutional funds pouring into Bitcoin (BTC) spot exchange-traded funds and the tailwinds of a favorable macroeconomic environment, rosy predictions are streaming from Wall Street that the leading cryptocurrency will reclaim the $80,000 mark within just 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 last month to trade around $78,000, will soon break $80,000. He diagnosed that this surge is driven by solid capital inflows from large institutions, such as major asset management channels, rather than short-term speculation by individual investors. According to DefiLlama data, US spot Bitcoin ETFs attracted $2.5 billion in net investment in April, following $1.3 billion in March, with an unprecedented single-day inflow of $660 million on April 17, primarily centered around BlackRock products.

The first reason experts are confident about a short-term rally is the aggressive buying spree by 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, a structure that strongly attracts high-yield-seeking investors and solidifies the market's structural buying foundation.

The second reason is Bitcoin's demonstrated strong fundamental resilience in weathering critical adverse events. Recently, a $300 million hacking incident occurred in a decentralized finance protocol, leading to an extreme stress test where approximately $10 billion exited across virtual asset projects. While such an event might have spread like an epidemic throughout the entire market in past cycles, this time, the investment sentiment for the leading cryptocurrency remained robust, showing remarkable defensive capabilities with damage confined 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 has risen from 0.49 in early October to 0.58 recently. Economist Ed Yardeni assessed that overall investor 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 strength.

Meanwhile, the cryptocurrency market appears to be taking a breather amidst these positive developments. Currently, Bitcoin is 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 keen to see how far the current institutional-fund-driven bull run 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.*