Bitcoin Price Prediction: BTC Targets Breakout as ETF Inflows Return And Oil Fears Ease
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Bitcoin up 3.43% to $70,776, reclaiming $70k and breaking above the $69,456 SAR level on a 30‑min rising channel — short‑term technical breakout signals bullish momentum for crypto traders. US Bitcoin spot ETFs recorded $167.03M net inflows on March 9, led by BlackRock IBIT with $109.31M; easing geopolitical risk after oil fell from ~$120 to ~$93 boosted risk appetite and ETF-driven demand, supporting adoption and market liquidity.
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- Bitcoin trades at $70,776, up 3.43%, breaking above the $69,456 SAR level inside a rising channel on the 30-minute chart.
- US Bitcoin spot ETFs recorded $167.03M in daily net inflows on March 9, led by BlackRock’s IBIT with $109.31M.
- Oil prices drop from $120 to $93 a barrel after Trump signals the Iran conflict is nearing an end, lifting risk appetite across markets.
Bitcoin price today trades near $70,776, up 3.43%, as easing geopolitical tension gives buyers enough cover to push the price back above $70,000. The macro backdrop shifted meaningfully overnight.
Oil prices, which had surged to nearly $120 a barrel on fears of prolonged Middle East supply disruption, dropped sharply to around $93 after President Trump stated the Iran conflict would end very soon. or Bitcoin, which has traded in close correlation with broader risk assets throughout this downturn, the …
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