After a roller-coaster start to 2026, Bitcoin is showing serious signs of life. Today, March 13, the flagship cryptocurrency surged back above the $72,000 mark, currently trading around $72,394. This move marks a significant 3% jump from yesterday and suggests a potential trend reversal is in the works.
What’s Driving the Pump?
The market sentiment has shifted from "Extreme Fear" earlier this week toward a more neutral stance as macro pressures cool down. Here’s what you need to know:
The "Bessent Effect": U.S. Treasury Secretary Scott Bessent’s recent comments on easing oil price pressures have injected confidence back into risk assets.
Institutional Inflows: While gold has seen outflows, BlackRock’s iShares Bitcoin Trust (IBIT) continues to absorb massive capital, reinforcing the "digital gold" narrative.
PCE Day Jitters: All eyes are on today’s U.S. PCE inflation data. A "cool" print could be the fuel BTC needs to break the $75,000 resistance.
Technical Outlook: Where to Next?
Analysts are currently split on whether this is a relief rally or a full-scale breakout:
The Bull Case: If BTC can flip the $73,000–$75,000 zone into support, the path to $100,000 becomes much clearer.
The Support Floor: The $65,000 level remains the critical "must-hold" floor to prevent a deeper correction back toward the $60k range.
Steemit Community Thoughts?
Are you stacking sats at these levels, or are you waiting for more clarity? Some big names like Standard Chartered are still holding a $150,000 target for 2026, while others warn