Bitcoin Dips Below $80K as ChainSpin Buyers Lock In Presale Price

Bitcoin's price has fallen below $80,000, reversing its recent gains. The pullback follows a brief rally that saw BTC trade above $81,000 before sellers took control.

The cryptocurrency's price is now under scrutiny, with traders assessing whether it can quickly recover to the $78,000 to $80,000 region. A renewed breakout above $81,000 would bring the $82,000 to $83,000 area into focus.

Institutional demand remains a major catalyst for Bitcoin's price prediction, with U.S. spot ETFs recording eight consecutive trading sessions of net inflows, attracting approximately $2.8 billion during the streak.