Bitcoin's (BTC) bullish structure is strengthening as buyers regain control and institutional demand improves. Although momentum shows signs of cooling, trading activity remains elevated, and market sentiment is recovering as Bitcoin ETFs attract strong demand. A sustained breakout could reinforce the broader uptrend and support expectations of a stronger rally ahead.

At the time of writing, BTC is trading at $79,310.83, with a 24-hour trading volume of $48.11 billion and a market capitalization of $1.59 billion. The Bitcoin price has risen by 1.10% over the last 24 hours. (Source: CoinMarketCap)

Bitcoin Bull Run Setup Points to a Rally Toward $125K

Crypto analyst Wealthmanager revealed that Bitcoin is showing renewed bullish momentum after successfully defending the $61,000 zone twice, creating a solid base for recovery. BTC has since climbed back above $80,000 and re-entered its broader ascending structure. If buyers maintain control and decisively reclaim the $80,000–$81,000 region, Bitcoin could strengthen its outlook and target higher resistance. (Source: Wealthmanager's X Post)

The next major hurdle sits around $97,000, where a decisive breakout could significantly improve Bitcoin's broader market structure. If that resistance is cleared with strong momentum, the path toward the previous all-time-high area near $125,000 could reopen. The larger chart continues to resemble a lengthy accumulation phase, potentially signaling another major bullish leg ahead.

Momentum Indicators Reveal Short-Term Consolidation

According to TradingView chart analysis, Bitcoin shows a deep summer drop followed by a sharp late-August rally. After hitting a July low near $58,000 and consolidating around $64,000, BTC surged past $81,400. Currently trading at $79,943.12, price action indicates a minor pullback as buyers test resistance near major psychological highs. (Source: TradingView)

Indicators suggest waning momentum after the breakout pattern. The RSI declined from an overbought reading of 74 to 67.61, while the MACD histogram turned negative at -32.75. The MACD lines indicate a possible bearish crossover soon. This implies a period of consolidation or some retracement, although the broader trend remains bullish.

Bitcoin Volume Spikes Amid Rising Open Interest

Coinglass data shows that activity in the Bitcoin market is increasing, with trading volume rising 82.98% to $109.11 billion. At the same time, Bitcoin open interest increased 1.52% to reach $55.59 billion, indicating that traders are entering new positions and overall activity is climbing. (Source: Coinglass)

Bitcoin ETFs Attract $731M as Demand Surges

Data from Wu Blockchain highlighted strong institutional demand for Bitcoin ETFs, which recorded a total of $731 million in net inflows on September 3 as more investors bought exposure to the largest cryptocurrency. BlackRock's IBIT was the highest-performing Bitcoin ETF with an inflow of $454 million, underscoring continued institutional appetite for Bitcoin. (Source: Wu Blockchain's X Post)

Spot Bitcoin ETFs, first approved by US regulators in January 2024, have become one of the primary channels through which institutional investors gain Bitcoin exposure, and products like IBIT have grown into some of the largest ETF launches on record, making daily flow data a closely watched gauge of institutional sentiment.

Ethereum spot ETFs also attracted new investments, posting cumulative net inflows of $141 million during the period. Among Ethereum products, the largest inflow went to BlackRock's ETHA ETF, at $72.07 million. Positive inflows into both major cryptocurrencies point to favorable institutional sentiment.

What Comes Next?

Bitcoin's next moves will depend on whether buyers continue to maintain control and build on the recovery. Sustained buying interest could contribute to a breakout and improved sentiment, while reduced interest may lead to a consolidation phase before the next upward move. Key levels to watch are the $80,000–$81,000 reclaim zone, followed by resistance near $97,000, with continued ETF flow data providing a real-time read on whether institutional demand persists.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.