Analyst Says Bitcoin Derivatives Signal Push Toward $80K Target

• Sustained positive Net Taker Volume signals strong buy-side pressure, often linked to upward Bitcoin price momentum.
• BTC recovers from lows, forming higher lows and moving above MA50 but still facing resistance near MA200 levels.
• Key resistance at $80K–$82K may define next breakout, while support remains near $65K–$68K in current structure.

Bitcoin derivatives data showed sustained buying pressure as analyst Darkfost reported a $145 million positive Net Taker Volume, maintained since March 7. The trend developed across crypto markets through late April, as traders increased buy-side activity. This shift followed earlier selling phases, with order flow now reflecting stronger demand in derivatives trading.

Derivatives Buying Pressure Dominates Flow

According to Darkfost, the Net Taker Volume remained consistently positive for nearly two months. He explained that the metric subtracts sell volume from buy volume across derivatives order books. As a result, it reflects both directional pressure and trader sentiment.

Notably, Darkfost stated that previous transitions from heavy selling to strong buying led to upward price reactions. He added that the current cycle shows a similar pattern since early March. Furthermore, he noted that sustained buy dominance could extend the trend, with price potentially testing $80,000.

Price Structure Shows Gradual Recovery

Meanwhile, Bitcoin price action indicates a shift from earlier weakness into recovery. Initially, BTC declined from above $110,000, forming lower highs and lower lows. This downtrend strengthened after the MA50 crossed below the MA200 in November.

However, price stabilized in December, holding between $85,000 and $95,000. Both moving averages flattened, indicating a temporary balance between buyers and sellers. In early January, BTC attempted a recovery but failed to maintain momentum near $96,000.

Key Levels Define Next Move

By late January, selling pressure intensified, pushing BTC toward a low between $62,000 and $65,000. This move came with a sharp volume spike, pointing to forced liquidations. However, the structure shifted after February as price entered an accumulation phase.

BTC then formed a base between $65,000 and $72,000, with gradually rising lows. By late March and April, price recovered toward $78,000, moving above the MA50 near $76,800. However, it still trades below the MA200 around $81,700.

Support now is between $65,000 and $68,000. Resistance remains at $80,000 to $82,000, aligning with the MA200 zone. A break above $82,000 would confirm a stronger move, while failure above the MA50 may push price back toward $70,000.

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