Bitcoin Could Climb Higher as ETF Flows Turn Positive: Van de Poppe
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Crypto: Bitcoin nears $79,000 as ETF inflows return; trading $77,239 on May 1, +1.6% 24h, +12.5% month, weekly -0.4%. Analyst Michael van de Poppe says a sustained break and hold above $79,000 would target $86,000–$88,000, underscoring ETF-driven institutional demand and market upside potential. April saw strong ETF inflows but late-month outflows slowed momentum; Farside data show ETF flows are mixed but improving—key for institutional adoption and near-term price direction.
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- Bitcoin nears $79K as ETF inflows return, signaling renewed institutional demand in early May.
- Analyst points to $86K–$88K as the next target if Bitcoin breaks and holds above $79K resistance.
- April saw strong ETF inflows, though late-month outflows slowed momentum near key levels.
Analyst Michael van de Poppe says Bitcoin may rise further as ETF flows turn positive again. He shared this outlook today, May 1, citing seasonal inflows and steady price structure. The market now watches whether Bitcoin can break above $79,000.
For context, Bitcoin trades at $77,239, after a 1.6% uptick in the past day, easing the weekly loss to 0.4%. This current uptick has seen Bitcoin surge by 12.5% in the past month, its strongest monthly close this year.
ETF Flows Show Mixed but Improving Trend
Backing the outlook on institutional flows, data from Farside shows Bitcoin ET…
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