Bitcoin (BTC) has been ranging between $78,000 and $80,000 over the past few days. The leading cryptocurrency by market cap is down by roughly 1% in the last 24 hours and now trades around $79,300 per coin. The stale performance comes after Bitcoin tested the 50-week Simple Moving Average at $81,114 earlier in the week. Strong institutional demand has supported the rally, with spot Bitcoin Exchange-Traded Funds heading toward their second consecutive week of billion-dollar inflows. Despite the improving outlook, Bitcoin remains below its 365-day moving average near $83,000. Analysts consider a close above this level important for confirming a broader shift into a new bull-market phase. Bitcoin ETF inflows reach $1.