The price of Bitcoin is currently trading near the $81,000 levels, where an intense struggle is taking place between the bulls and the bears at a critical turning point, as the next 72 hours are expected to determine the course of the currency during the second quarter of the year.
After briefly regaining the $81,000 level for the first time since January, BTC saw a slight decline to settle just below that level.
This initial momentum is due to a combination of several factors; Most notably, huge ETF inflows totaled $2.44 billion in April, a geopolitical breakthrough resulting from Trump’s “Project Freedom” operation in the Strait of Hormuz, in addition to a wave of “short squeeze” that forced bearish traders to quickly cover their positions.
Bitcoin spot funds recorded their strongest monthly inflow performance since October 2025 in April, peaking with approximately $630 million in net inflows on May 1 alone.
Despite this momentum, the market suffered a brief shock when Iran’s Fars news agency published a false report about a missile strike targeting a US warship, which caused the price of BTC to plummet from $80,594 to $79,000 within minutes, before prices immediately recovered after the official denial.
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Iran releases first images showing two Iranian missiles hitting several US military ships or frigates near Jask Island. A FIRST DIRECT STRIKE AGAINST AMERICAN FORCES.#USA #Iran #News #War pic.twitter.com/6r35TIQwWN – Walter Da2nd’ Nibbleston (@NibbsWaltz224) May 4, 2026
As macroeconomic volatility continues to increase and Bitcoin enters a price consolidation phase near a technically sensitive zone, uncertainty still surrounds the next price direction.
Bitcoin Price Forecast: Will it regain the $85,000 level or will the $78,000 support collapse?
Bitcoin is currently settling into a classic zone of price pressure, and low trading volume is the most important signal at the moment; Buyers and sellers lack sufficient conviction, which usually precedes major price movements.
The $78,000 level remains the benchmark; As long as Bitcoin remains above, the price structure remains intact, paving the way towards levels between $85,000 and $88,000.
On the other hand, the $80,000 level has now become a conflict zone; It has moved from resistance to support, but this transformation has not yet been fully confirmed, requiring stability above it during any decline.
In the short term, Bitcoin is expected to continue fluctuating between $78,000 and $83,000 as markets wait for a new catalyst that will determine the next trend.
If the $78,000 level is breached at the daily close, it could quickly open the door for a decline towards the $74,000 to $75,000 areas.
Generally speaking, the market is currently experiencing a state of low certainty; This is neither bearish enough to collapse nor bullish enough to break out, but rather a case of building pressure for a decisive decision.
The post Bitcoin approaches $81,000: are we seeing a new start or a decline? appeared first on Cryptonews Arabic.