QCP: Bitcoin's strong performance continues; $82,000–$83,000 becomes a key watershed.

CoinFeed reported on May 4th that QCP Capital analysis indicates Bitcoin continued its strong performance in early May, building on a solid April trend, with the price breaking $80,000 for the first time since January 31st. Even with Strategy suspending its Bitcoin buyback program this week, BTC continued its steady upward climb, suggesting that market momentum is shifting away from solely relying on hoarding narratives and towards diversified funding support. Spot ETFs continued their positive contribution, with a net inflow of approximately $163 million last week, providing sustained support to the market. In the short term, whether Bitcoin can effectively hold above the $82,000–$83,000 CME gap range will determine the continuation of this upward trend, making this range a key watershed for the current market strength.