Bitcoin almost touched $70000 a few hours back, but as I'm typing this, it's sitting at $68000. I caught this on the news, and it feels like we might be gearing up for a bull run based on what I'm reading. But we’ve seen this story before where the price eventually dips after a spike. What’s your take on the current market? Is Bitcoin gonna keep climbing?
From what I'm spotting online, there are predictions of Bitcoin reaching $80000. Just to be clear, this isn’t my own analysis, just what’s out there. But honestly, it wouldn't shock me if it struggles to break past $75000.
I see more of a rebound in a downward trend. Bitcoin rose sharply yesterday, as did the markets in general, and after falling so much, that's normal. For me to become more optimistic about the rest of 2026, I need to see more than that.
I check the ETF flows here in Coinglass[1]
The daily net inflow shows $506.60 M +7.91K BTC, which is very good if you are bullish, but overall, the current month is still negative. Like what Free Market Capitalist have said, more of this would really convince us if we are done with the current bear market. Looking at the past 90 days, it is still negative.
[1] - https://www.coinglass.com/etf
Yes, more of it will be good but bitcoin is falling back again just as usual. Less than 30 minutes ago, it fell to $66800 but now it is at $67012.
People are not ready to buy bitcoin at $70000 for now, those that bought bitcoin at a lower price than that are selling back just like they are trading.
Yes I see all that of the market performance today which was almost to break the $70,000 resistance at an Intraday of $69,000 and $66,000 lower.
I wasn't surprise to see that though after reading the news of Strategy buying additional 592 bitcoins last week at the total sum of $39,800,000.00 marking it 100th times count of buying bitcoins since 2020 which so far had emerged the institution a total sum of 717,722 bitcoins to their portfolio worth $54,560,000,000 in the current time according to the news analysis.
https://www.coindesk.com/markets/2026/02/23/strategy-logs-100th-bitcoin-purchase-announcement-adding-592-coins-last-week-for-usd39-8-million
I think the effectiveness of this news is potential enough to pull momentum of pushing price up at a certain level in the short time too.
People have actually agreed upon that this is a bearish trend and thats why you see just little pumps and the market immediately returning back to its bearish sentiment. This inflows will only create temporary demands but wont be enough to break most highs because the momentum is with sellers and most buyers you see now are those treating the market as a trading ground for now, they buy for just short term gains and then inherently sell off.
Bitcoin will seriously remain below $70k for while because the market hasnt show any buyers momentum at the moment, we need long period of ETF or any institutional or any inflow into the market before we break this resistance
Daily inflow is a good sign but don't forget the fact that perpetual market for commodity in binance has surpassed crypto in trading volume.
The money is still pretty much in the commodities especially gold and silver and it will take a while before people are rotating their money to stocks and crypto again.
It might not be the end yet but at least bitcoin is getting better.
I even thought it would take a long time before there was a shift of money from safe assets to risky assets. Because the global political situation remains very tense and the economy is still very unstable. Large capital flows will continue to prioritize safety over profit seeking
Including today, we have had 3 consecutive days with positive ETF inflows. But in my opinion, that looks more like short term speculation than a signal that long term capital has actually returned to the market
We need more indicators to be sure that Bitcoin is gradually improving, instead of relying solely on ETF inflows.
The market is performing not as we expected, but not also bad to that extent because it has been rising and falling at the same time, we have to be more crucial about the speculation we made and ensure that the indications are giving us the right bearing towards the market direction, but for this month, i think we are still hanging down below $70,000 and March could be a game changer or still behave the same way.
Market really unpredictable after raising almost $70k today have bad news after Israel attacking Iran and make bitcoin drop to $63k however not longer time and Iran fighting back make bitcoin fast recovery to $65k. For awhile, if bitcoin recovering few percent should be moment to take profit we can has positive speculation for bitcoin keep stable and possibility increase higher price. Looks when bitcoin almost break out above $70k has bad news and bitcoin drop almost 10%, so if get moment bitcoin already break out and raise up until 5% its moment to sell and buy back at lower price few days later.
ETF is not really the thing that I hoped it would be. I assumed that it would be mostly either slow buys or fast buys but I did not think that it would be quick sells too. After all Blackrock or similar places are very rich, so holding would be the ideal situation for them, and now that I look at it, their investors like to buy as much as they would like to sell and this causes a lot of issues for us.
I get that people who are rich do not have to hold long if they do not want to, there is no guarantee of money making, so they are of course allowed to sell whenever they want to, but when you are that rich, you would expect them to be able to hold longer. The drop in price happens because just like retail investors, the big whales end up selling too.
What are your expectations for Bitcoin this year, given that it has already been confirmed as a bear year? I was quite surprised that Bitcoin has not been dumped as heavily as I expected. I have placed several buy orders below the $50k, but it seems unlikely that Bitcoin will fall below that support zone. It is surprising that Bitcoin managed to to hold above the $60k even when war broke out.
There are currently no signs that the bear market is over and with geopolitical tensions. Expecting Bitcoin to recover or rise again is unrealistic.
Gold is about to hit double top if it failed to go even higher than the latest ATH. I'll prefer to wait for whats gonna happen to gold before doing anything with bitcoin other than just small DCA currently.
ETF inflow is actually a pretty good indicator for me, it shows market trust is coming back and could be a sign of trend shift. Although it's true that its not a guarantee for the reversal.
Yes, as much as we are building momentum already to reach $68k or above, suddenly there are events that we don't have control of, like US/Israel attacking Iran at the very first day of March. Even if there are a huge amount of money flowing into the ETF's, not enough to build momentum to put the price into at least $70k.
So now, we are at $66k, not that bad either assuming the impact of the news. But we could be trading sideways again for the next couple of weeks until we might hear news that the war is not going to escalate further.
Before the price increase to $70,000 or even $80,000, we need to be patient and hodl on tight because the price seems will go down for more. After experiencing in $68,000 level, the price getting correction and we don't know how deep this will happens.
But we have the opportunity once again to buy back Bitcoin at low. The down gives the chance to load more Bitcoin so we should use that to prepare for the rising later. Maybe more bad news will release and affect to the market.
This is usually how the market reacts and behave all these while as I know that the market won't ever remain stable and stationary. What really matters is if liquidity is truly flowing into the market or not, and of course if the said is true then there are every tendency and possibilities that we could likely see Bitcoin crossing above the said price, as I am talking right away the price is at 66k.