Bitcoin tops $81K as ETF inflows and sentiment recovery signal potential push toward $90K

Key takeaways

  • Bitcoin briefly topped the $81,000 mark on Tuesday, the highest level in three months.
  • Crypto sentiment improves, with inflows into US-listed spot ETFs totaling $154 million last week.

Bitcoin (BTC) is hovering just below the $81,000 mark on Tuesday after adding 1% to its value in the last 24 hours. 

The broader crypto market remains constructive, with Ethereum (ETH) and XRP (Ripple) posting mild gains, reflecting a steady improvement in overall sentiment.

Sentiment improves as capital flows return

Market confidence is gradually recovering, supported by rising inflows into digital asset investment products. The Crypto Fear & Greed Index has climbed to 47 from 29 a day earlier — a sharp rebound, though still within the “fear” zone. Notably, this marks a significant improvement from last month’s average of 11, which signaled extreme fear.

If this upward trend continues, it could reinforce expectations for Bitcoin to reclaim $80,000 as support and potentially grind higher toward the $90,000 level.

Spot Bitcoin ETFs recorded their fifth consecutive week of inflows, adding $154 million through Friday. While this is down from the prior week’s $824 million, the data still highlights sustained investor appetite for crypto exposure — even amid geopolitical tensions such as the ongoing US–Iran situation.

Cumulative ETF inflows now stand at $58.72 billion, with assets under management averaging $103.78 billion, underscoring persistent institutional demand.

Bitcoin’s recent move above $81,000 triggered notable liquidations. Short positions took the largest hit, with approximately $138 million wiped out, compared to around $46 million in long liquidations.

Bitcoin eyes the $90k psychological level

The BTC/USD 4-hour chart is bullish and efficient as Bitcoin is trading above $80,800. While the price has reclaimed this long-term support, it remains capped below the 100-week EMA at $82,352, and the 50-week EMA at $85,777These levels continue to act as key resistance zones, limiting a full bullish breakout for now.

Momentum indicators suggest a market in recovery mode. The RSI on the daily chart sits near 48, close to neutral territory, while the MACD remains positive, signaling improving — but not dominant — bullish momentum.

BTC/USD 4H Chart

If the rally persists, key resistance levels to watch include $82,352 (100-week EMA) and $85,777 (50-week EMA). 

However, if the bears regain control, key support levels would be seen at  $68,061 (200-week EMA) and $65,981 (trendline level). 

A sustained weekly close above the upper resistance band would be needed to confirm a stronger medium-term bullish shift.

The post Bitcoin tops $81K as ETF inflows and sentiment recovery signal potential push toward $90K appeared first on CoinJournal.

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