Bitcoin Rebounds 5% Near $68K
Bitcoin jumped 5% this week, trading near $68,000 on the back of robust inflows into exchange-traded funds (ETFs). The rebound marks a decisive reversal from recent heavy outflows and price declines, with analysts attributing the bounce to strong ETF inflows signaling renewed institutional interest and technical buying from support levels.
This recent price action follows a period of significant volatility. Before the rebound, Bitcoin's price had dipped, with some analysts warning of a potential slide towards $60,385 or even as low as $55,759 based on technical chart patterns like the Elliott Wave theory. The turnaround was fueled by a surge in demand for U.S. spot Bitcoin ETFs. On February 25 alone, these funds recorded a total net inflow of over $506 million, bringing the cumulative net inflow since their launch to more than $54 billion. Leading the charge are major institutional products like BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC). These two funds have been consistent leaders in attracting new capital, signaling strong and sustained interest from institutional-level investors. While the $68,000 level represents a significant recovery, it remains substantially below Bitcoin's all-time high of approximately $126,200, which was set in October 2025. This context highlights the potential for further upside if the bullish momentum continues. Analysts are now closely watching key technical levels for future direction. The $68,000 mark is considered a critical support zone. If the price can hold above this level, many traders see the next major resistance target in the $75,000 to $80,000 range. Underpinning the asset's long-term value proposition is its fixed
