2026-02-27 06:48:32

$BTC

DTF
Bitcoin is currently trading within the critical demand zone of $60,895.50 – $66,586.31, an area we previously anticipated as a potential reaction point.
At this stage, I expect price to consolidate within this range for some time. However, overall market structure remains weak. A breakdown below the $60,000 level is still possible, with the broader downside target sitting around the $48,000 – $49,000 region as the final major support if bearish momentum accelerates.
On the institutional side, it’s important to highlight that Bitcoin ETFs have recorded significant inflows over the past three days, totaling over $1 billion. BlackRock’s iShares Bitcoin Trust (IBIT) has led the charge, contributing more than $500 million in inflows during this period.
If this level of institutional demand remains consistent, we could see Bitcoin attempt a move back toward the $70,000 region. Until then, price action suggests consolidation with a cautious bias.
For now, patience during consolidation.
#NFA

BTC-2.85%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.