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19.03.2025 11:49 AM
Bitcoin Targets $85,000

Interest in Bitcoin remains strong, as any normal downward movement is quickly bought up by large players. The fact that U.S. spot Bitcoin ETFs have resumed recording net inflows also signals investors' willingness to buy again at attractive prices.

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According to the latest data, over the past few days, spot Bitcoin ETFs have seen net inflows of $274.6 million, marking the largest daily inflow in six weeks.

Since February 4, when daily inflows last exceeded $100 million, Bitcoin ETFs experienced five consecutive weeks of net outflows, draining over $5 billion, reducing their total net inflows to $35.9 billion.

This shift reflects growing confidence in Bitcoin, driven by price stabilization and renewed institutional interest. Additionally, institutional portfolio rebalancing at the end of the quarter has contributed to the positive fund flows.

However, it is important to keep in mind the persistent volatility of the cryptocurrency market. Despite positive trends, risks and challenges in the U.S. stock market could significantly impact investor sentiment, leading to sharp price fluctuations and putting pressure on the crypto market, which is traditionally considered a high-risk asset class.

Data shows that Fidelity's FBTC led in net inflows with $127.3 million, followed by Ark Invest's ARKB with $88.5 million and BlackRock's IBIT with $42.3 million. Grayscale's BTC and Bitwise's BITB also recorded net inflows, while no net outflows were observed on Monday.

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Technical Outlook for Bitcoin (BTC)

Currently, buyers are aiming for a return to the $85,000 level, which would open the way to $87,000, bringing the market within close reach of $89,400. The ultimate target is $91,900, a breakout above which would confirm a return to a medium-term bullish market.

In the event of a Bitcoin decline, buyers are expected to step in at $82,600. A move back below this level could quickly push BTC toward $80,800, with the final downside target near $78,800.

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Technical Outlook for Ethereum (ETH)

A clear breakout above $1,975 would pave the way for $2,030, with the long-term target being the yearly high of $2,060. A break above this level would signal a return to a medium-term bullish trend.

In case of a decline, Ethereum buyers are expected at $1,929. A breakdown below this level could accelerate losses toward $1,870, with $1,807 as the key support level.

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