Bitcoin hits wall at $80,000, one analyst says the pullback is temporary

Crypto Daybook AmericasShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailBitcoin hits wall at $80,000, one analyst says the pullback is temporaryWhat you need to know for April 27, 2026By Omkar Godbole|Edited by Sheldon Reback Apr 27, 2026, 11:14 a.m. Make preferred on What to know: The bitcoin price failed to break above $80,000 as concentrated sell orders capped gains despite strong ETF inflows and fresh stablecoin liquidity.Onchain data show billions of dollars in new stablecoin deposits and robust spot bitcoin ETF demand, suggesting sidelined capital could fuel further upside once resistance is cleared.Mounting security risks in decentralized finance, driven largely by private key compromises and recent protocol exploits, have contributed to more than $600 million in DeFi hack losses in April and underscore a structural vulnerability in the sector.Bitcoin BTC$77,867.37 is doing that familiar dance just below a big round number, $80,000, stalled by sellers even as fresh stablecoin liquidity, ETF demand and a risk-on equity market suggest the breakout may be delayed rather than denied. The leading cryptocurrency briefly climbed above $79,000 during Asian trading hours before slipping back to trade below $78,000 recently. Over the past 24 hours, bitcoin has lost about 0.4%. Ether (ETH) has fallen 0.6%, XRP (XRP) is down 0.8% and Solana’s SOL has dropped more than 1%. Broader market benchmarks, including the CoinDesk Memecoin Index and Smart Contract Platform Select Capped Index, were also under pressure, falling more than 1% each.According to Alex Kuptsikevich, chief market analyst at FxPro, the $80,000 level is acting as a near-term ceiling due to concentrated sell orders.“Bitcoin has approached the $80K mark for the second time in the last few days, but has since experienced significant downward momentum. As it approaches this round figure, a build-up of sell orders is preventing the coin from moving further upwards,” he said in an email.St…

Bitcoin hits wall at $80,000, one analyst says the pullback is temporary

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