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Bitcoin price surpasses $81,500 for the first three months, new target: $84,000
Bitcoin price exceeds $81,500 for the first time in three months, with $84,000 emerging as the new target.
Short position liquidations, spot ETF inflows, and on-chain data become key factors in the market rally.
While long-term investors and ETFs increase their Bitcoin holdings, technical targets indicate $94,800.
The most important point: If it cannot hold above $82,000, a quick pullback is likely, and market volatility $BTC may continue.
After being stuck below the $80,000 level for about three months, Bitcoin reached $81,500 with a strong early-week rally. This movement was supported by $450 million in short position liquidations in the crypto market, increased investment inflows into spot ETFs, and strong buying signals seen from on-chain data. After a prolonged period of impatience in the market regarding price predictions, this surge has sparked new discussions about a new price level.
Technically, Bitcoin surpassed the market average of $77,500 and the short-term investor cost basis with Monday’s rise, then broke through resistance zones that had been unbreakable since November. During this surge, a total of $1.98 billion in buy transactions occurred on one exchange within two hours. High-volume trades like this usually indicate the entry of aggressive trend traders.
Institutional analysts highlight a shift in the technical outlook. Jeff Park, on social media, stated, "If it stays above $82,000, the upward trend will open." Technically, he suggests that a break above this level will trigger a new bullish trend in Bitcoin, potentially targeting $94,800.
Jeff Park from BTC indicates that if the price rises above $82,000, the upward trend could accelerate.
Long-term impact and ETFs
Data shows that long-term Bitcoin holders have accumulated 331,000 BTC in the past 30 days, worth about $26.7 billion. This group of investors is generally more cautious about selling their assets. The US-traded spot Bitcoin ETF recorded a net inflow of $1.18 billion over three consecutive days; only on Monday did this figure reach $532 million. Total assets under management for Bitcoin and Ethereum spot ETFs reach $147 billion. According to reports, Bitcoin’s price at that time was $81,500.
In mining, despite total hashrate decreasing by 13% in the last quarter, the hash rate, an indicator of profitability, rose to $37, reaching this level for the first time since late January. Major mining companies continue allocating revenue to AI centers, which boosts profitability.
Short-term targets and potential risks
According to experts, the most closely watched level in the short term is the CME futures price gap at $84,000. Buy orders are accumulated at Bitcoin spot prices up to $84,600, creating dynamics that could accelerate the rise. However, if the price remains above $82,000, technically, a new target at $94,800 is created.
However, potential risks are also clearly visible. Bitcoin is currently 36% below its record high of $126,200 recorded in October 2025. Additionally, its strong correlation with the Nasdaq 100 means that potential corrections in the stock market could also impact Bitcoin. If the price is rejected at resistance zones of $86,000-$88,000, or if ETF investment weakens, a pullback to $77,500-$78,000 for Bitcoin is likely.
On the other hand, some skeptics doubt the bullish outlook. A well-known crypto analyst on social media is skeptical of the view that a bottom for Bitcoin has already formed and questions comments suggesting that the market cycle will end sooner than usual. They describe 2026 as a bearish year and expect the real bottom to be seen in 2027.
Overall, while long-term investors continue accumulating assets, increased ETF investments and recovery in mining support price gains. A 50% position change is also observed in the options market in a short period. Based on all these developments, the probability of Bitcoin moving toward $84,000 and then above $90,000 is increasing.