Bitcoin pushed back above $84,000 on Tuesday, extending a week-long recovery as fresh capital flowed into U.S. spot ETFs. Data shows the funds absorbed more than $1.2 billion in net inflows over the past five trading sessions, the strongest stretch in three weeks.
Analysts say the rebound reflects renewed institutional appetite after a choppy September. “ETF flows remain the single most important driver of price discovery right now,” one market strategist noted. “When the bid returns, it returns fast.”
Traders are now watching the $86,500 level, a previous support zone that could act as resistance. A decisive break above it, analysts say, would open the door to a retest of the all-time highs set earlier this year.
