Bitcoin Eyes $84,000 Target as ETF Inflows Signal Bullish Momentum

Bitcoin (BTC) is currently navigating a pivotal technical juncture, with traders closely monitoring the $76,000 resistance level. A daily close above this threshold would complete a bullish ascending triangle pattern, shifting the short-term price target to $84,000. The current price action is bolstered by significant institutional interest. On Tuesday, US spot Bitcoin ETFs saw inflows of $411.5 million, bringing the total net flows for 2026 to approximately $245 million. This suggests that buyers are maintaining their positions despite shallow pullbacks, with support holding above $73,500. From a technical perspective, BTC turned up from its 20-day exponential moving average (EMA) of $71,116. While the outlook is generally positive, some analysts remain skeptical, suggesting the asset could potentially collapse toward $50,000 before establishing a definitive bottom. Other major digital assets are showing mixed signals. Ether (ETH) is challenging resistance at $2,415, with potential targets of $2,800 and $3,050 if it maintains support at its 20-day EMA of $2,198. Meanwhile, BNB is testing its 50-day simple moving average (SMA) at $626, while Solana (SOL) is struggling to break above its 50-day SMA of $85. The overall market sentiment remains cautiously optimistic. If Bitcoin successfully breaks its overhead resistance, it is expected to trigger a broader rally across the top cryptocurrencies, provided they can overcome their respective moving average hurdles.