Bitcoin bulls eye $80,000, but inflation fears slow rally

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Olga Shendetskaya

28.04.2026

Bitcoin bulls eye $80,000, but inflation fears slow rally — BTC pulls back below $77,000 amid macro headwinds

Bulls are eager to push Bitcoin back above the $80,000 mark, but macroeconomic headwinds are preventing a sustained breakout. After failing to hold above $79,400 earlier this week, Bitcoin has pulled back and is currently trading around $77,000.

Highlights

BTC is trading near $76,160.56, down 2.1% over 24 hours.
The $80,000 level remains key for confirming bullish momentum.
U.S. consumer sentiment fell to 49.8, a record low.
One-year inflation expectations rose to 4.7%, while long-term expectations climbed to 3.5%.

Current market situation

Bitcoin reached a 12-week high near $79,400 but could not break through the key $79,000 resistance level for the third time in eight trading sessions. The cryptocurrency is now hovering around $77,000, reflecting cautious sentiment among investors.

Ethereum has also shown weakness, trading near $2,323. The Crypto Fear & Greed Index stands at 38, remaining in the “Fear” zone but showing slight improvement in recent days.

Macroeconomic barriers

According to CoinDesk, the main obstacle to further gains is the latest consumer sentiment data from the University of Michigan. The index fell to a record low of 49.8 points, largely due to rising inflation concerns linked to the conflict with Iran. One-year inflation expectations jumped to 4.8%, while longer-term expectations rose to 3.5% — the highest level since October 2025.

These figures limit the Federal Reserve’s room to ease monetary policy. The Fed is widely expected to keep its key interest rate unchanged at 3.5–3.75% this week. Similar caution is observed from other major central banks.

For Bitcoin, the current setup means crypto-specific demand is not enough on its own. Inflows into spot Bitcoin ETFs remain an important source of support on pullbacks, but their effect is limited if investors expect the Fed to stay restrictive for longer.

The Bank of Japan is another factor. Traders are also pricing in the possibility of a rate hike in June. If global liquidity tightens from several directions at once, Bitcoin may find it harder to quickly reclaim $80,000.

For now, the market picture is clear: bulls still want a breakout, but macro conditions are limiting the room for a sustained move higher.

Outlook and risks

The $80,000 level remains a significant psychological resistance and breakeven point for many recent buyers, creating strong selling pressure.

Until the Fed decision and new inflation data arrive, BTC is likely to remain highly sensitive to signals on interest rates and dollar liquidity.

While institutional interest and ETF inflows remain supportive, analysts believe a convincing breakout above $80,000 is unlikely without clearer positive signals from the macroeconomic front.

We have previously highlighted that Bitcoin falls toward $77,000 ahead of Fed decision.

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