NewsBTC
Mar 4, 2026
6 0

BULLISH 📈 : Bitcoin surpasses $73,000 as institutional demand boosts rally

Bitcoin (BTC) has surpassed the $73,000 mark for the first time since February, indicating a recovery trend. Analysts suggest that if the current momentum persists, further gains could be likely.

ETF Accumulation and On-Chain Resistance

  • Market analyst Ali Martinez suggests a potential relief rally for Bitcoin.
  • Spot Bitcoin ETFs have been accumulating BTC, purchasing approximately $776 million last week and around $789 million this week.
  • This accumulation indicates strong institutional demand which may support Bitcoin's breakout efforts.
  • Using UTXO Realized Price Distribution (URPD), Martinez notes limited resistance above current levels, particularly between $72,000 and $81,000.
  • According to CoinGecko, Bitcoin's price has increased by 7% to $73,200.

Bitcoin

Potential Rally Extension Toward $84,000

  • The next significant resistance levels are around $83,307 and $84,569.
  • A confirmed breakout, bolstered by ETF inflows and reduced on-chain resistance, could lead to short-term price expansion.