Bitcoin (BTC) has continued its uptrend from last week. It is trading in green at $74,113.80 at the press time with 0.20% increase, in the last 24 hours, and over 6% in the last week. BTC briefly traded above $76,000 at $76,013 before losing slight momentum. The recent uptrend indicates strengthening market conditions supported by continued inflows from institutional investors.
According to SoSoValue data, BTC ETFs recorded $199.37 million in net inflows as of March 17, 2026, continuing its inflow streak for the seventh consecutive day.
Last week, BTC products recorded $767.33 million in net inflows, following $568.45 million a week before. This marked its third consecutive week of inflows. These inflows indicate the growing confidence of institutions.
According to a Monday filing, Michael Saylor led Strategy added 22,337 BTC at an average price of $70,194 per coin, bringing holdings to 761,068 coins. The tokens were acquired for $657.61 billion, or an average of $75,696 per coin.
On-chain data from Santiment shows the percentage of BTC held on exchanges has fallen to its lowest level since 2017, suggesting reduced selling pressure as investors move their assets to cold storage.
BTC is trading above $74,000 after establishing support near $72,600. This level reflects the channel top nearly aligning with its 50-day EMA. The short-term bias has turned bullish as price broke above the parallel channel that capped the upside around 72,600 since early February 2026.
The Relative Strength Index (RSI) at 59.08 on the daily chart shows continued positive momentum since March 9, 2026.
The Moving Average Convergence Divergence (MACD) line holds above the signal line with positive histogram supporting the bullish outlook. Immediate support emerges near the previous channel top around $72,600, where any pullback would test the breakout area, followed by stronger support at $73,000.
Initial resistance is at the recent peak of $76,000, with a break opening the door toward the technical target for the channel breakout, which is above $78,000, based on the channel’s width.
Also Read: BTC Price Rally: After $74K, Can Bitcoin Reach $85K?
CoinMarketCap’s Crypto Fear and Greed Index sits at 43. This indicates that the broader market sentiment remains neutral despite the short-term pullback. Readings between 40 and 60 suggest neutral market sentiment, while readings above 60 reflect greed and below 40 indicate fear.
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