Crypto Bulls Build Momentum, Eyeing Breakout Above $80,000

Bitcoin (BTC) has maintained its strong bullish outlook since last week, trading around $79,000 on Wednesday. The Crypto King is consolidating, and bulls appear to be mulling another breakout attempt to reclaim $80,000 and push beyond the supply zone at $82,500.

Ethereum (ETH), meanwhile, holds above $2,400 while building momentum for a potential breakout past $2,600. Ripple (XRP) is defending $1.40 support but faces capped upside, with supply building between $1.50 and $1.70.

Market activity supports the bullish outlook, as Bitcoin spot Exchange-Traded Funds (ETFs) have extended a notable bullish streak, with inflows averaging $314 million on Tuesday. Ethereum spot ETFs also attracted $180 million in inflows on Tuesday, increasing from $116 million the day before.