Bitcoin has recently returned to the $70,000 range, and market sentiment is quietly recovering. Several analysts have pointed out that if the price can effectively break through the key resistance level above $72,000, the pace towards $80,000 may be faster than expected. The current price trend is reinforcing what the market calls an “undervalued rebound” trend, with continued inflows of institutional funds providing significant support.
Bloomberg Intelligence ETF analyst James Seyffart mentioned in his analysis that historically, Bitcoin has spent very little time in the $72,000 to $80,000 range, indicating a lack of significant selling pressure or accumulation in this area. Once it breaks through the dense resistance zone of $73,000 to $74,000, there are virtually no significant technical obstacles to prevent its upward movement. He emphasized that after a significant correction, the market often quickly tests previous highs.
Data shows that Bitcoin spot ETFs have achieved a net inflow of $2.13 billion since February 24. This turnaround is particularly crucial – previously, from October 2023 to February, the market had accumulated a net outflow of approximately $9 billion. This strong return flow indicates that large institutional investors are still firmly implementing a “buy the dip” strategy. Currently, the total assets under management (AUM) of Bitcoin ETFs are once again approaching the $100 billion mark.
It is worth noting that some large mining companies, such as Marathon and Core Scientific, are gradually changing their “long-term holding” strategy, investing some of the sold Bitcoin funds into artificial intelligence infrastructure construction. Experts point out that this move is not a sign of wavering confidence, but rather a rational business decision based on profit maximization and business diversification.
At the same time, U.S. regulatory dynamics have also become a market focus. Frequent contact between Coinbase CEO Brian Armstrong and government officials, as well as former President Trump's public criticism of the traditional banking system, all suggest that the crypto industry is gradually gaining the same policy voice as traditional financial giants such as JPMorgan Chase. Seyffart predicts that by the end of 2026, hundreds of different cryptocurrency ETFs may be launched in the U.S. market.
In addition, Bitcoin has shown typical “risk asset” characteristics in the face of geopolitical tensions – for example, during the escalation of the conflict between Iran and Israel, although it briefly fell, it rebounded quickly. Analysts believe that once Bitcoin stabilizes at $80,000, previously overlooked positive signals (such as Morgan Stanley pushing for ETF applications and the gradual clarification of the regulatory framework) will jointly drive the market towards higher goals.