Institutional Accumulation Meets Technical Resistance: Bitcoin Bulls Target USD 80,000 Amid Geopolitical Shifts

BTCUSD declined below $70000 despite institutional demand. At the moment, it’s trading near $70957, having hit an intraday high around $71356.

Demand for Bitcoin from institutions continues to be strong, as spot ETFs recorded a seven-day inflow streak of over USD 1.16 billion by mid-March 2026. This pushed the total assets under management to around USD 91.83 billion, despite some daily fluctuations. The important capital absorption by funds like IBIT and FBTC has successfully reduced selling pressure from mid-sized whales, who sold off about 16,000 BTC close to the USD 73,000 mark. Mid-to-large tier wallets (10 to 10,000 BTC) have shifted towards a bullish accumulation phase, while overall large-scale transaction volume has dropped to 1.5-year lows. This suggests that major holders are taking a cautious approach as Bitcoin increasingly separates from traditional markets in the face of ongoing geopolitical conflict.

 Major support- $67000/$64000/$60000/$52500/$50000. Minor bullishness only above $72500. Any break above targets $76200/$80000/$85500.

It is good to buy on dips around $67000 with SL around $64000 for a TP of $80000.