Bitcoin is recovering at a brisk pace after a week of geopolitical volatility, with new inflows into spot exchange-traded funds fueling the price’s recent recovery.
Conclusion
- Spot Bitcoin ETFs recorded nearly $155 million in net inflows, indicating renewed institutional demand.
- Bitcoin has recovered after last week’s volatility caused by geopolitical tensions in the Middle East.
- Analysts say BTC could test the $75,000 resistance if momentum and ETF inflows continue.
Data from SoSoValue shows that Bitcoin ETFs recorded daily net inflows of around $155 million, reversing a period of strong outflows from the previous week.
The renewed institutional demand comes as Bitcoin (BTC) rallied after a sharp price swing triggered by rising tensions in the Middle East briefly pressured risk assets in global markets.
Imports seem to be turning into market power. Bitcoin has rebounded above the $72,000 level, recovering from a dip near the $60,000-$65,000 area during last week’s risk sentiment.
Previous market reports suggested that demand for ETFs and short covering were the key factors behind Bitcoin’s earlier rally to $72,000, and recent inflows suggest that institutional buyers may be returning to the market.
Bitcoin price analysis
Apart from the macro sentiment, the chart structure shows that Bitcoin is trying to create a recovery trend.
On the daily chart, Bitcoin is currently trading around $72,500 and pushing towards a major resistance band between $73,000 and $75,000. A decisive break above this area could open the door to a retest of the $80,000 psychological level in the coming weeks.
Support levels remain near $69,000, followed by stronger structural support around $65,000, which buyers entered earlier during the February correction.
Impulse indicators also improve. The Accumulation/Distribution line is trending higher, indicating renewed buying pressure, while the Bull Bear Power (BBP) indicator has turned positive, suggesting that bullish momentum is returning after several weeks of selling pressure.
If ETF inflows continue and macro risks moderate, Bitcoin could extend its recovery. However, analysts warn that a failure in the $70,000 zone could initiate another consolidation phase before the next major move.
