Bitcoin has reclaimed the $80,000 level for the first time in three months, reviving forecasts of $92,000 to $95,000.

Cointelegraph reported on Sunday that bitcoin broke above a 21-week trend line last week. On Bitstamp it rose to $80,617, posting its highest weekly close since late January.

Market views are mixed. Crypto trader Michaël van de Poppe cited net daily inflows of $630 million into U.S. spot bitcoin ETFs as a sign that upside momentum has returned. He said a pullback into the $60,000 range in February reset on-chain indicators, and bitcoin could rise to $92,000 to $95,000 without breaking the bear-market trend.

Some traders, however, said a bearish flag on the daily chart has not been fully resolved. Crypto Storm warned that if the structure breaks down, prices could fall another 30 to 40 percent. Bitbull said it would start building short positions with a target of $60,000.

Others said a bullish reversal has already been confirmed. Jeff Sun said bitcoin recovered $80,000 for the first time since Jan. 31, adding that he has accumulated in that zone through ETFs since early March. Jurrien Timmer, Fidelity Investments' global macro director, said the rebound from a low of $60,033 shows bitcoin is building a major base as it prepares for the next leg higher.

Macro factors remain a burden. The war between the United States and Iran has entered its third month, raising inflation worries, while differences over the Federal Reserve's policy stance have widened. The market is pricing in low odds of rate cuts this year. The S&P 500, however, set a fresh record high last week.

Oil prices are also in focus. Lukas Quimmerle said Brent crude is trading around $112 a barrel but has failed to break above its peak three times over the past month. He said the prospect of higher supply in 2026 still remains, making a pullback in oil prices likely. Brent spot prices topped $120 a barrel last week for the first time since 2022, before returning to around $115 early this week.

On-chain indicators supported the bullish case. CryptoQuant said bitcoin's MVRV ratio was about 1.45 this week, one of the highest readings so far in 2026. Arab Chain said the indicator shows a gradual improvement in investor profitability, and if the uptrend continues the market could enter a stronger bullish phase.