Bitcoin has reclaimed the $65,000 level after a period of severe volatility, with analysts watching key support. Spot Bitcoin ETFs have seen significant outflows, while on-chain data shows substantial accumulation by investors at lower prices. Expert commentary highlights the importance of the $65,000 support for a potential rally, and legislative developments are cited as a potential catalyst for broader market recovery.
Bitcoin (BTC) has recently experienced violent price fluctuations, impacting its trajectory. The asset has now gained modest traction, reclaiming its $65,000 price spot.
According to the latest So So value data, Bitcoin ETFs have been rapidly experiencing outflows, recording nearly $316 million. Crypto Rover stated, “BITCOIN ETF INVESTORS HAVE BEEN UNDERWATER FOR 25 DAYS, HOLDING POSITIONS WITH AN AVERAGE COST OF AROUND $83K.” At the same time, Bitcoin is encountering a steady streak of accumulation, with nearly 400,000 BTC tokens bought at an average price of $60,000 to $70,000.
Notable expert Michael Van De Poppe shared that the markets are shaping upwards, which he called a great signal for BTC. He said, “Hold above $65K and I think we’ll start attacking $70K+ after the expiration of the options on Friday.” Separately, Senator Cynthia Lummis believes the crypto market can reclaim momentum once the Clarity Bill is adopted.
According to CoinCodex BTC stats, Bitcoin may jump to hit a new price mark of $75,000 by the end of March 2026. Their models forecast Bitcoin reaching approximately $79,600 by the end of 2026 and $1.54 million by 2050.
