Bitcoin (BTC) Price Prediction: BTC Eyes $80K as Bullish Momentum and ETF-Linked IBIT Rally Drive Upside
The post Bitcoin (BTC) Price Prediction: BTC Eyes $80K as Bullish Momentum and ETF-Linked IBIT Rally Drive Upside appeared on BitcoinEthereumNews.com.
Bitcoin (BTC) is gaining momentum as it rebounds from key multi-year support levels, eyeing a potential surge toward $80,000 amid institutional inflows and market consolidation. The cryptocurrency’s recovery follows recent lows near $68,000, with BTC showing steady buying pressure along an ascending trendline. Analysts note that both technical indicators and ETF-linked inflows, particularly from the iShares Bitcoin Trust (IBIT), are contributing to a cautiously optimistic outlook for the Bitcoin price today. BTC Price Recovery and Technical Overview According to recent reports, Bitcoin has recovered from lows near $68,000, trading around $74,172 as of the latest session. Analysts note that BTC has been respecting a well-defined ascending trendline, forming a series of higher lows that indicate strengthening buying pressure. A popular crypto analyst, Super฿ro, highlighted that $BTC monthly shows a strong reaction off the most significant multi-year support zone in Bitcoin’s history, noting they accumulated heavily in the $60K range, their largest buying activity since 2022, while remaining cautious during the retest of the internal trendline. Bitcoin rebounds from $60,000 support, signaling recovery and key Q1 2026 levels amid market volatility and ETF inflows. Source: Super฿ro via X Short-term technical indicators support this view. BTC is trading above key moving averages, including the 10-, 20-, and 50-day EMAs/SMA, suggesting near-term bullish potential. Momentum oscillators, including the MACD, show early signs of divergence favoring buyers, while the RSI at 60 indicates room for upside without immediate overbought risk. Resistance zones to watch include $76,000–$77,500, with the psychological barrier at $80,000 representing the next major objective. ETF Influence and IBIT Movements Institutional flows are playing an important role in Bitcoin’s price action. The iShares Bitcoin Trust ETF (IBIT), which closely mirrors BTC spot prices, has recently stabilized around $41.94 after a multi-month correction. Analyst Tryrex noted a positive correlation with altcoins, stating, “BTC…
Filed under: News - @ March 17, 2026 12:28 pm