Bitcoin Prepares for a Technical Turn Amid ETF Inflows and Strategic Accumulation

Bitcoin price climbed above $92,000 on Tuesday, rebounding from a previously broken horizontal channel. This rise coincided with a $116.67 million net inflow into Bitcoin spot ETFs, the first positive flow in five days. Institutional confidence in Bitcoin remained strong, with Strategy adding 13,627 BTC to its reserves, further solidifying its position as the largest corporate holder.

The 50-day EMA at $91,595 currently supports Bitcoin's price. If BTC closes above this level, it could test the $94,253 Fibonacci retracement target. The RSI on the daily chart stands at 57, and the MACD shows a bullish crossover, both signaling growing bullish momentum.

However, risks remain. The U.S. CPI data, due later on Tuesday, could shift market expectations for Federal Reserve rate decisions, injecting fresh volatility into Bitcoin. Traders are watching for any deviation from expected inflation levels, as it would impact risk appetite and Bitcoin's trajectory.

Why Did This Happen?

Bitcoin spot ETFs recorded fresh inflows on Monday, reversing a four-day outflow streak. This suggests renewed institutional interest and a shift in sentiment. Strategy's aggressive accumulation also highlights strong corporate demand, with the firm now holding over 687,410 BTC.

The firm's purchases were made at an average price of $91,519 per BTC, aligning with Bitcoin's recent price range. Analysts view this as a vote of confidence in Bitcoin's long-term value proposition, especially as it competes with traditional safe-haven assets like gold.

How Did Markets Respond?

Bitcoin's price action remains mixed. While the 50-day EMA supports its recovery, the death cross pattern—where the 50-day EMA crosses below the 200-day EMA—suggests bearish pressure could return. The RSI at 57 and MACD's bullish crossover indicate a potential for further upward movement, but only if Bitcoin holds above $90,000.

The altcoin market is also showing signs of bullish momentum, with market cap targets as high as $2.90 trillion in a favorable scenario. Ethereum and other major altcoins are gaining strength, with Ethereum's price stabilizing above $3,100. XRP, however, remains below critical resistance levels and faces potential selling pressure.

What Are Analysts Watching Next?

The U.S. CPI release is a key event. If the headline CPI rises 0.3% month-over-month as expected, it may confirm a stable inflation path. However, any surprise in core CPI could shift the Fed's policy trajectory and affect Bitcoin's price volatility.

Bitcoin's next test comes at $94,000, where it briefly touched earlier in the week. A sustained move above this level could signal a stronger bullish bias, but traders remain cautious about profit-taking and corrections.

Analysts like Samson Mow are forecasting a steady climb for Bitcoin toward $1 million between 2031 and 2033. Shorter-term targets, such as $150,000 per year or multi-omega years with steeper gains, remain debated.

The altcoin market's performance also provides insight into broader risk appetite. A recovery in altcoins suggests investors are willing to take on more risk, potentially boosting Bitcoin as well. However, if Bitcoin struggles, a broader market correction could follow.

Institutional investors, including ETFs and corporate buyers, are expected to play a decisive role in the next phase of Bitcoin's price action. Any further inflows into ETFs or large-scale accumulation by corporations like Strategy could reinforce the bullish case.

Bitcoin's technical setup remains mixed, with the RSI near neutral and the ADX at 24.2, just below the 25 threshold for a strong trend. Until Bitcoin can break above key resistances and confirm a bullish momentum shift, volatility and uncertainty are likely to persist.