$80k
Coverage of $80k in the Nexus archive.
- BTC and ETH Trends Diverge: Crypto Investors Brace for 'The May Effect'
Bitcoin reached new highs while Ethereum failed to break its local high after a correction on 17 April. A 8% divergence between BTC and ETH in late April signals a potential altcoin sell-off in May, with the 'Sell in May and go away' stock market trend possibly impacting cryptocurrencies. ETH outflows from exchanges and ETF inflows highlight mixed investor behavior.
- Bitcoin weekly close in focus after BTC price fails to revisit $80K
Bitcoin's price failed to revisit $80,000, prompting focus on the weekly candle close as a critical level for reclaiming the bull market support band. Traders are monitoring Bitcoin's performance at this key support level to gauge potential market direction.
- Are we in a Bull Trap or the start of the Bull Run? The 4-Year Cycle Debate
The article discusses a debate about whether the current market is following a 4-year cycle pattern, with predictions of a rise to $80k followed by a crash to $50k. It questions if this is a 'bull trap' or if technical analysis (TA) used to predict it is outdated.
- Bitcoin inflows to Binance fall to 2023 low as BTC bulls set target on $80K
Bitcoin inflows to Binance have reached a 2023 low, while Coinbase shows stronger activity. Easing selling pressure on Binance coincides with Bitcoin bulls targeting $80,000.