Analysis suggests that positive factors such as increased holdings by long-term holders and purchases by institutional investors may drive Bitcoin up to $95,000.

According to Mars Finance, Bitcoin surged to a high of $81,300, bringing its weekly and 30-day cumulative gains to 5% and 21%, respectively. CryptoQuant data shows that, based on 30-day rolling data, long-term holders have added a net 331,000 BTC to the supply, worth approximately $26.7 billion at Tuesday's current market price. This represents nearly 1.6% of the total supply, indicating a strengthening of the accumulation phase during the price rebound. Accompanying Bitcoin's rise is strong inflow into US spot Bitcoin ETFs, with a combined net inflow of $1.18 billion over the past three days. Monday saw a net inflow of $532 million, indicating increased institutional interest in BTC. Michael van de Poppe, founder of MN Capital, stated on X on Tuesday, "ETF inflows have returned to the market, and the market is shifting upwards towards Bitcoin." He added, "I expect even more funds to flow in in the coming weeks because there is currently a lot of demand for ETFs." As previously reported, institutions are absorbing more than five times the daily newly mined BTC supply. The $84,000 area is a focal point for many traders, as this level coincides with the CME gap formed in early February. Technically, the price break above the $77,500 upper resistance level has confirmed a bullish flag pattern on the daily chart. A daily close above the $82,000 200-day exponential moving average (EMA) would confirm a continuation of the uptrend, targeting the bullish flag's measured target of $94,800, representing an overall gain of 18%. Charts shared by crypto investor Cryptocupra suggest that a macro bottom may have formed for Bitcoin after a golden cross on the weekly MACD, paving the way for further upward movement.