Bitcoin just flipped the narrative again. After a three-day pullback that had bears getting comfortable, $BTC has reclaimed $76K and is now pushing against the $77K resistance zone with strong momentum.

What’s impressive isn’t only the rebound, it’s the resilience underneath it. Even after more than $75M in long liquidations and ETF outflows earlier in the week, including a reported $54M withdrawal from BlackRock in a single day, spot demand continues absorbing supply while broader risk assets recover. April ended as one of Bitcoin’s strongest months in the past year, and that momentum is already spilling into May.

The bigger picture still looks constructive 👀 Institutional positioning remains solid, with ETF assets hovering around the $100B range overall. Onchain data also suggests Bitcoin may still be undervalued compared to previous market cycles. Add in improving macro conditions like softer oil prices and renewed appetite for risk assets, and the market structure still favors upside.

$80K remains the key short-term target. A decisive breakout there could open the door for a retest of recent highs and potentially new territory beyond that.

This isn’t pure hype, it’s Bitcoin doing what it has always done best: shaking out weak hands while long-term capital quietly accumulates. Stay disciplined, manage risk, and don’t ignore the strength of this setup.

What’s your next key level to watch?

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