Bitcoin Tops 10-Week High; Trader Sees Rally to $88,000

Bitcoin rose to $77,027 on Bitstamp on Friday, its highest level in ten weeks. Traders focused on the upcoming weekly candle close and on forecasts of further gains.

The advance occurred amid reduced market volatility and net inflows into U.S. spot Bitcoin exchange-traded funds. Investment firm Farside Investors reported roughly $330 million in net inflows into those ETFs week-to-date.

Trading data showed BTC reaching the $77,000 area early Friday after a short-term recovery that began as geopolitical tensions eased and risk appetite returned to global markets. The S&P 500 recorded a new high on Thursday while the VIX volatility index declined.

Trader Michaël van de Poppe wrote on X that lower macro volatility, including drops in oil and gold volatility and a falling VIX, should encourage more allocations into spot Bitcoin ETFs and support higher Bitcoin prices. He added that he sees a case for Bitcoin reaching $85,000 to $88,000 in the next two to four weeks if inflows continue.

Analyst Rekt Capital wrote that Bitcoin would need to reclaim and hold about $72,800 as support on any dip to close the week above nearby resistance. A daily close below that level could open the path back into lower ranges, according to his chart-based analysis.

Not all market participants were bullish. Trader Roman warned that declining trading volume at recent highs may indicate fading momentum and that the next high-volume move could push prices lower. Some models keep sub-$50,000 scenarios on the table as potential longer-term lows if selling pressure returns.

Technical traders set targets from the mid five-figure area into the low six figures, with several citing $85,000 to $88,000 as a possible near-term objective if momentum and ETF inflows persist.

Bitcoin’s short-term direction will depend on price behavior around the $72,800 support area and whether ETF inflows remain steady. Market participants will watch the weekly close for confirmation of the next phase.