Bitcoin's price surged close to a monthly high of $74,000, marking a significant 10.42% weekly gain, its strongest performance since September 2025. This rally is supported by increased spot market activity, positive exchange-traded fund (ETF) flows, and substantial corporate Bitcoin accumulation.
Analysis of the Coinbase premium gap, a key indicator of buying pressure, shows a positive reading for the first time in nearly ten weeks. This shift from persistent US seller dominance to renewed buying pressure coincides with Bitcoin's upward price movement.
Spot BTC ETF flows have also seen a substantial recovery, with net inflows exceeding $1.9 billion over the past three weeks. This institutional demand, coupled with corporate buys like Strategy's acquisition of 11,042 BTC this week, is bolstering the current rally.
Bitcoin is now challenging its 100-day moving average, a critical retest level. Stabilization above $74,000 could lead to a re-entry into a zone of dense liquidity, with approximately $1.9 billion in leveraged long positions clustered above $75,000. Higher resistance levels between $76,000 and $80,000 are also being monitored.
Analysts suggest that reclaiming $85,000 is necessary to re-establish a higher-time frame bullish trend. A move into the $76,000-$79,000 resistance band could spill momentum into altcoin markets, potentially forming a significant monthly bullish engulfing candle pattern.
