Bitcoin traders explain why $80K is the next target for bulls

CoinTelegraph

by Nancy Lubale

February 26, 2026

AI-Generated Deep Dive Summary

Bitcoin traders are signaling optimism as the cryptocurrency approaches a significant milestone. Recent trading activity suggests that bulls aim to push Bitcoin (BTC) toward $80,000, with Wednesday’s New York session seeing BTC reach $70,000 as they targeted sell liquidity points. This upward momentum is bolstered by the return of spot Bitcoin ETF inflows, which could further fuel a price recovery. However, traders caution that sustained gains require BTC to hold above a crucial support level at $68,000. The renewed interest in spot Bitcoin ETFs has sparked optimism among market participants. These inflows may provide the necessary momentum for Bitcoin to break out of its current trading range and reach higher resistance levels between $75,000 and $80,000. Wednesday’s movement above $70,000 was a strong indicator of bullish sentiment, with traders focusing on clearing sell orders at key liquidity points. This suggests that bulls are confident in their ability to drive prices higher. The technical landscape is critical for determining whether this rally will gain traction. BTC must remain above the $68,000 support line to maintain upward momentum. If it fails to do so, the price could face downward pressure, revisiting lower levels. Additionally, resistance at $70,000 and beyond will test the strength of the current bullish trend. For crypto enthusiasts and investors, this potential rebound to $80,000 represents a significant opportunity. The interplay between ETF inflows and technical indicators highlights how market sentiment and institutional interest can drive price movements. As Bitcoin continues to navigate volatility, keeping an eye on these key levels will be essential for traders looking to capitalize on the next phase of the rally. This situation underscores the dynamic nature of the cryptocurrency market and its responsiveness to both technical factors and broader investment trends. The return of ETF inflows and the bulls’ strategic targeting of liquidity points demonstrate how institutional interest can amplify

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Originally published on CoinTelegraph on 2/26/2026