The current BTC landscape is generating a lot of discussion, but what do you think?

Hello community, Bitcoin has been fluctuating between $75,000 and $80,000 for the past four weeks. April is one of the best months of the year (approximately +13%), also helped by a context of strong inflows into spot ETFs, which have increased this month to over $2 billion.

The 2024 halving has lost its prominence as the primary driver, and now institutional flows via ETFs seem to be the factor moving the price.

Points to consider: - Positive: Constant inflows into ETFs (BlackRock continues to buy), lower BTC holdings on exchanges, and a macroeconomic environment that hasn't deteriorated.

Some are talking about testing $90,000. - Risks: Sensitivity to the Fed, inflation, and geopolitics. Some models suggest a possible deeper dip in 2026. - Technical: BTC has broken minor resistance levels but needs to decisively break out of the $82,000-$85,000 range. Key support is at $72,000-$74,000.

The summary is that sentiment has improved, but this is a more mature institutional accumulation market than the old bull runs we've seen before. What do you think? Have ETF cycles changed the cycle, or are we still waiting for a sharp dip? Best of luck with your research.