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Bitcoin rebounds above $80K with renewed ETF inflows but faces resistance near $87K.

Market News
13 May 2026
Blockonomi
View Source
Bullish
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Bitcoin has climbed back above $80,000, driven by steady inflows into US Spot Bitcoin ETFs and increased spot demand, signaling renewed institutional interest. Despite this positive momentum, capital inflows remain below levels seen in previous bull markets, and significant resistance exists near the $86,900 to $87,000 range where earlier investors may sell to break even. On-chain metrics show easing market stress and a shift from fear to uncertainty, but the market still lacks full conviction for a sustained breakout. The near-term outlook depends on overcoming overhead supply and stronger spot market participation to maintain the recovery.

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