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Key Insights:
- Bitcoin ETF inflows surpass $500M, fueling bullish momentum.
- Traders eye $90K target amid massive short squeeze.
- Rumors of U.S. crypto policy shift boost market optimism.
Bitcoin price is consolidating near $86,000 after briefly touching a two-week high of $87,500. Traders foresee a potential breakout driven by bullish ETF inflows and a short squeeze. Growing optimism regarding U.S. crypto policies adds to the momentum.
Bitcoin ETF Inflows Surge Past $500M
Institutional demand significantly boosted BTC, driven by spot Bitcoin’s ETF inflows. Over $500 Million was recorded in just the past four days.
A crypto analyst, Ted Pillows, highlighted the influx, suggesting it could signal substantial accumulation among institutional players.
The surge followed the Federal Reserve’s decision to maintain interest rates. Chair Jerome Powell hinted at two possible rate cuts by late 2025.
The move relieved risk assets, pushing Bitcoin and U.S. equities higher. The S&P 500 added $500 billion in market cap during the March 20 session.
Former BitMEX CEO Arthur Hayes suggested quantitative tightening (QT) could end in April. This could further strengthen the case for risk-on assets. “Was $BTC $77K the bottom? Prob,” Hayes wrote in an X post.
Traders Predict a Short Squeeze to $90K
Market sentiment remains divided, but some traders see a sharp move ahead. Captain Faibik, a prominent analyst, suggested that BTC might consolidate within a falling wedge for 10-15 days. This phase could precede a “massive breakout” toward $109,000.
Merlijn The Trader echoed similar optimism. He stated, “MASSIVE BITCOIN SHORT SQUEEZE UNDERWAY! $BTC IS EXPLODING!! SEND BITCOIN (BTC) TO $90K WITH HASTE!”
Meanwhile, analyst Max highlighted Bitcoin’s halving cycles, arguing that Bitcoin remains historically bullish.
“We still have 107 days left in period 3 & then a full 146 days of period 4 to look forward to,” he noted. According to historical trends, these phases have delivered strong returns post-halving.
Rumors of U.S. Crypto Policy Shift Spark Optimism
Bitcoin’s recent rally coincides with speculation about a potential shift in U.S. crypto regulations. Reports suggest that the U.S. government is preparing a major announcement on crypto policy, possibly as soon as March 21.
The technical outlook of BTC appears bullish. Analyst Rekt Capital noted that a further 8% rally could push the asset past key resistance levels.
With institutional inflows increasing and traders setting ambitious targets, the Bitcoin momentum is building. Regulatory clarity could shape its trajectory in the months ahead.
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
