{"id":8829,"date":"2026-05-04T11:30:39","date_gmt":"2026-05-04T11:30:39","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=8829"},"modified":"2026-05-04T11:30:39","modified_gmt":"2026-05-04T11:30:39","slug":"bitcoin-bulls-set-sights-on-90000-this-week-after-briefly-reclaiming-80000","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=8829","title":{"rendered":"Bitcoin bulls set sights on $90,000 this week after briefly reclaiming $80,000"},"content":{"rendered":"
Bitcoin briefly reclaimed the $80,000 psychological level during early Asian trading hours on May 4, the first time since February, amid its quiet upward march in recent weeks.<\/p>\n
Data from CryptoSlate<\/em> showed that the top crypto touched an intraday high of $80,529 before slipping back toward $79,621 as of press time.<\/p>\n
However, what looks like a triumphant milestone on a price chart is masking a deeply conflicted market structure under the hood.<\/p>\n
This is because the premier cryptocurrency\u2019s return to this threshold is less a clean bullish breakout than a high-stakes test.<\/p>\n
Still, market analysts noted that BTC traders are currently trying to determine whether recovering institutional spot demand can overpower a still-hostile macroeconomic setting marked by Middle East tensions, hawkish Federal Reserve handover, and a derivatives market that remains heavily skeptical beneath.<\/p>\n
\n
<\/div>\n
Related Reading<\/span><\/p>\n
Bitcoin\u2019s next breakout will depend on whether investors treat $80K as relief, resistance, or the start of a new recovery<\/h3>\n
BTC is testing the exact zone where short-term holders typically either capitulate or hold firm.<\/p>\n
May 2, 2026<\/span> \u00b7<\/span> Andjela Radmilac<\/span><\/p>\n<\/div><\/div>\n
An aggressive, yet vulnerable breakout attempt<\/h2>\n
Bitcoin\u2019s initial thrust through $80,000 was characterized by sheer force rather than organic accumulation.<\/p>\n
Data from CryptoQuant shows that the move was concentrated on major offshore platforms, notably Binance, where taker-buy volume, a metric indicating traders crossing the spread to execute immediately at market prices, spiked.<\/p>\nBitcoin Taker Volume on Binance (Source: CryptoQuant)<\/figcaption><\/figure>\n
According to CryptoQuant, BTC saw two consecutive surges of roughly $1.19 billion and $792 million on the exchange, resulting in $1.98 billion of taker-buy volume within a two-hour window.<\/p>\n
When this level of aggressive buying materializes at a major resistance zone, it typically indicates that momentum traders are not waiting for a conservative pullback. Instead, they are actively chasing the confirmation of a breakout.<\/p>\n
However, market structure analysts warn that this type of volume creates immediate fragility.<\/p>\n
CryptoQuant analyst JA Maartunn noted that the asset is now facing its real test, emphasizing that the price should not linger in this zone for long if the rally is genuine.<\/p>\n
According to Maartunn, Bitcoin needs to hold above $79,000 on a closing basis to maintain structural strength. If it loses that level, he argues, the weekend surge was likely just a liquidity grab to clear out late short sellers.<\/p>\n
Derivatives push the move, but expose a structural divergence<\/h2>\n
The derivatives landscape further complicates the narrative, revealing a market wrestling with a profound divergence between spot psychology and leveraged positioning.<\/p>\n
While call options targeting upside strikes are heavily populated\u2014with data from Deribit showing $1.7 billion in notional value locked into the $80,000 call option, alongside massive clusters at $90,000 and $100,000\u2014the underlying sentiment metrics paint a picture of growing unease.<\/p>\n
Rather than a wave of bearish short-selling, the market is experiencing a sharp cooling of spot conviction while leverage remains stubbornly long.<\/p>\n
According to data from analytics firm Alphractal, Bitcoin’s sentiment flipped dramatically in less than a week, with the Fear & Greed index dropping 10 points to a \u201cFear\u201d level of 43.<\/p>\nBitcoin Holder Sentiment (Source: Alphractal)<\/figcaption><\/figure>\n
Yet, despite this spot-driven fear, futures traders refuse to back down. Alphractal data show that perpetual futures funding rates have remained decidedly positive, currently at +0.51%. This indicates that while holder sentiment has cooled, speculative traders are still paying a premium to maintain their bullish bets.<\/p>\n
This dynamic of fear in the spot market, coupled with long-biased leverage, is critical for understanding the current price movements. Historically, this specific divergence marks a volatile \u201cstress phase\u201d for the asset.<\/p>\n
Consequently, the brief push past $80,000 appears to have been powered largely by leverage-sensitive traders rather than a clean, fundamental macro reset.<\/p>\n
While the market continues to grind higher, this heavy reliance on derivatives leaves the structure top-heavy and highly vulnerable to violent long liquidations if the macroeconomic tape suddenly turns sour<\/p>\n
ETF demand points to durable spot bids<\/h2>\n
If derivatives are providing the unstable volatility, US spot ETFs are providing the structural floor for the top crypto.<\/p>\n
\n
\n
CryptoSlate Daily Brief<\/span><\/p>\n
Daily signals, zero noise.<\/h3>\n
Market-moving headlines and context delivered every morning in one tight read.<\/p>\n
Data from SoSoValue shows that US-listed spot Bitcoin ETFs have now recorded two consecutive months of net inflows, totaling $3.29 billion in investor funds. This is coming after outflows that had dominated the previous four months.<\/p>\n
Notably, this is the first back-to-back month of inflows since last September and October, when the funds pulled in nearly $7 billion in fresh capital.<\/p>\n
Ecoinometrics, a Bitcoin economics platform, explained that the current numbers show that \u201cdemand [for BTC] is starting to stick.\u201d It further stated:<\/p>\n
\n
\u201cOver the past few weeks, Bitcoin ETFs went through a nine-day streak of net inflows. That\u2019s the longest stretch of consistent demand we\u2019ve seen in this entire bear market. The last time flows looked like this was in October 2025, right as Bitcoin was pushing into its all-time high. After that, demand disappeared and the market rolled over. What\u2019s different now is not the size of the inflows, but their persistence.\u201d<\/p>\n<\/blockquote>\n
Considering the above, this persistence is quietly transforming the market\u2019s underlying architecture, as genuine spot demand gradually absorbs the volatility generated by the futures market.<\/p>\n
Moreover, CryptoQuant data pointed out that the average cost basis of early institutional ETF buyers is now acting as a formidable technical support level for the top crypto.<\/p>\n
Macro risks shadow the rebound<\/h2>\n
Despite the improving micro-structure of the crypto market, the broader macroeconomic reality argues against unbridled conviction.<\/p>\n
The geopolitical situation in the Middle East remains a live wire. While a ceasefire has temporarily paused outright hostilities, the underlying tensions are actively dictating global risk appetite.<\/p>\n
Iran recently issued stern warnings to US forces to remain clear of the Strait of Hormuz, a critical global shipping artery, even after President Donald Trump stated the US would intervene to assist stranded commercial vessels.<\/p>\n
This geopolitical friction has kept oil prices elevated well above the $100-per-barrel mark, which in turn acts as a massive headwind to global disinflationary efforts.<\/p>\n
Meanwhile, the stickiness of energy-driven inflation is forcing a rapid recalculation of US monetary policy.<\/p>\n
Rather than a dovish pivot, the Federal Reserve is facing pressure to abandon its easing bias entirely. As a result, major financial institutions are adjusting their models accordingly; Barclays recently shifted its forecast to predict zero rate cuts for the entirety of 2026.<\/p>\n
Compounding this uncertainty is an imminent shift in central bank leadership. Chairman Jerome Powell\u2019s term expires on May 15, and his designated successor, Kevin Warsh, has cleared the committee with a full Senate vote expected the week of May 11.<\/p>\n
Warsh\u2019s ascension introduces a new variable into risk asset pricing, as institutional managers remain hesitant to deploy massive capital without knowing exactly how the new chair will navigate the tension between sticky inflation and an increasingly burdened economy.<\/p>\n<\/div>\n
Make CryptoSlate preferred on Bitcoin briefly reclaimed the $80,000 psychological level during early Asian trading hours on May 4, the first time since February, amid its quiet upward march in recent weeks. Data from CryptoSlate showed that the top crypto touched an intraday high of $80,529 before slipping back toward $79,621 as of press time.<\/p>\n","protected":false},"author":1,"featured_media":8830,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[91,1801,2723,2913,4345,934,1865,787,1190],"class_list":{"0":"post-8829","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ethereum","8":"tag-bitcoin","9":"tag-briefly","10":"tag-bulls","11":"tag-iran","12":"tag-reclaiming","13":"tag-set","14":"tag-sights","15":"tag-us","16":"tag-week"},"yoast_head":"\n
Bitcoin bulls set sights on $90,000 this week after briefly reclaiming $80,000 - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"Bitcoin options is screaming a rise towards $90,000 and $100,000, yet spot traders flipped to fear in days suddenly.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=8829\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin bulls set sights on $90,000 this week after briefly reclaiming $80,000\" \/>\n<meta property=\"og:description\" content=\"Bitcoin options is screaming a rise towards $90,000 and $100,000, yet spot traders flipped to fear in days suddenly.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=8829\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-04T11:30:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/05\/Screenshot-2026-05-04-101505.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"892\" \/>\n\t<meta property=\"og:image:height\" content=\"504\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=8829\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=8829\",\"name\":\"Bitcoin bulls set sights on $90,000 this week after briefly reclaiming $80,000 - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=8829#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=8829#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/05\/Screenshot-2026-05-04-101505.jpg\",\"datePublished\":\"2026-05-04T11:30:39+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"description\":\"Bitcoin options is screaming a rise towards $90,000 and $100,000, yet spot traders flipped to fear in days suddenly.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=8829#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=8829\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=8829#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/05\/Screenshot-2026-05-04-101505.jpg\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/05\/Screenshot-2026-05-04-101505.jpg\",\"width\":892,\"height\":504},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=8829#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin bulls set sights on $90,000 this week after briefly reclaiming $80,000\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto & Bitcoin News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cryptonews.uk.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\",\"name\":\"\u884c\u653f\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g\",\"caption\":\"\u884c\u653f\"},\"sameAs\":[\"http:\/\/demo3.aiwalls.com\/coinbase\"],\"url\":\"https:\/\/cryptonews.uk.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bitcoin bulls set sights on $90,000 this week after briefly reclaiming $80,000 - Crypto News: Latest Cryptocurrency News and Analysis","description":"Bitcoin options is screaming a rise towards $90,000 and $100,000, yet spot traders flipped to fear in days suddenly.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptonews.uk.com\/?p=8829","og_locale":"en_US","og_type":"article","og_title":"Bitcoin bulls set sights on $90,000 this week after briefly reclaiming $80,000","og_description":"Bitcoin options is screaming a rise towards $90,000 and $100,000, yet spot traders flipped to fear in days suddenly.","og_url":"https:\/\/cryptonews.uk.com\/?p=8829","og_site_name":"Crypto News: Latest Cryptocurrency News and Analysis","article_published_time":"2026-05-04T11:30:39+00:00","og_image":[{"width":892,"height":504,"url":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/05\/Screenshot-2026-05-04-101505.jpg","type":"image\/jpeg"}],"author":"\u884c\u653f","twitter_card":"summary_large_image","twitter_misc":{"Written by":"\u884c\u653f","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/cryptonews.uk.com\/?p=8829","url":"https:\/\/cryptonews.uk.com\/?p=8829","name":"Bitcoin bulls set sights on $90,000 this week after briefly reclaiming $80,000 - Crypto News: Latest Cryptocurrency News and Analysis","isPartOf":{"@id":"https:\/\/cryptonews.uk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptonews.uk.com\/?p=8829#primaryimage"},"image":{"@id":"https:\/\/cryptonews.uk.com\/?p=8829#primaryimage"},"thumbnailUrl":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/05\/Screenshot-2026-05-04-101505.jpg","datePublished":"2026-05-04T11:30:39+00:00","author":{"@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf"},"description":"Bitcoin options is screaming a rise towards $90,000 and $100,000, yet spot traders flipped to fear in days suddenly.","breadcrumb":{"@id":"https:\/\/cryptonews.uk.com\/?p=8829#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptonews.uk.com\/?p=8829"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonews.uk.com\/?p=8829#primaryimage","url":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/05\/Screenshot-2026-05-04-101505.jpg","contentUrl":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/05\/Screenshot-2026-05-04-101505.jpg","width":892,"height":504},{"@type":"BreadcrumbList","@id":"https:\/\/cryptonews.uk.com\/?p=8829#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptonews.uk.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin bulls set sights on $90,000 this week after briefly reclaiming $80,000"}]},{"@type":"WebSite","@id":"https:\/\/cryptonews.uk.com\/#website","url":"https:\/\/cryptonews.uk.com\/","name":"Crypto News: Latest Cryptocurrency News and Analysis","description":"Latest Crypto & Bitcoin News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptonews.uk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf","name":"\u884c\u653f","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g","caption":"\u884c\u653f"},"sameAs":["http:\/\/demo3.aiwalls.com\/coinbase"],"url":"https:\/\/cryptonews.uk.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts\/8829","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8829"}],"version-history":[{"count":0,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts\/8829\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/media\/8830"}],"wp:attachment":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"\"](\"https:\/\/cryptoslate.com\/wp-content\/themes\/cryptoslate-2020\/images\/cryptoslate-icon.jpg\"){kind=icon}
![\"\"](\"https:\/\/cryptoslate.com\/wp-content\/themes\/cryptoslate-2020\/images\/google-logo.svg\"){kind=logo}
![\"Bitcoin\u2019s](\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/04\/market-signal-fed-1024x576.jpg\")
![\"Bitcoin](\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/05\/Screenshot-2026-05-04-101505.jpg\")
![\"Bitcoin](\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/05\/HHYz95GacAAFV7j.jpg\")