Bitcoin (BTC) Price Surged Past $84,500 After a Strong Rebound Fueled by Institutional Purchases and Blackrock ETF Inflows. Will BTC Maintain Momentum?

Bitcoin (BTC) 3.7% rebounded on Tuesday after overhang from Trump's tariffs triggered market-wide sell-offs on Monday.

Bitcoin (BTC) price rose past $84,500 on Tuesday after a strong rebound from Monday’s trading session, which saw market-wide sell-offs triggered by Trump’s tariffs.

At press time, BTC traded hands at $85,149, not far from the session’s low of $84,500.

Here’s what happened.

What Happened: Bitcoin opened trading at $82,550 on Tuesday and rose 3.7% to reclaim the $85,499 level by 07:45 ET (11:45 GMT).

While BTC price has since retraced to find support at $85,149 at press time, the cryptocurrency saw a surge in trading volume, confirming continued buying support at current price levels.

Attainable catalysts for the rebound include recent BTC purchase announcements from multiple U.S.-based firms and an upcoming stablecoin legislation review in Congress on Wednesday.

At least three firms announced new cryptocurrency purchases in the last 24 hours. Business intelligence firm MicroStrategy (NASDAQ:MSTR) disclosed a BTC purchase of $50 million, bringing its total holding to 184,240 BTC.

Later, it was revealed that Tether, the world’s largest stablecoin issuer, bought 1,500 BTC with an average price of $74,692 in March, according to a report by Korea's TokenPost.

Also on Tuesday, Japan-based Metaplanet announced the purchase of 400 BTC at an average price of $73,000.

A bulk of the buying activity appears to be coming from institutional investors.

According to the latest data from analytics platform , Bitcoin ETFs recorded aggregate net outflows of $60.6 million on Monday.

However, a closer look at transaction statistics shows that Blackrock’s IBIT ETF posted $15 million in inflows.

This development follows Blackrock CEO Larry Fink’s annual letter to shareholders, in which he highlighted the potential for Bitcoin to challenge the U.S. dollar as the world’s dominant reserve currency amid an increasing focus on national debt.

“Bitcoin is increasingly viewed as an alternative to traditional fiat currency systems, especially as national debt levels continue to rise globally,” Fink stated.

The Rising Interest From Institutions In BTC

The continued interest from institutional investors in BTC can be seen in the divergence between IBIT and other ETFs, many of which posted net outflows.

Fidelity’s FBTC saw a $19.9 million outflow, and Grayscale’s GBTC lost $32.6 million in capital on Monday.

ETF outflows and inflows are a critical indicator of institutional sentiment, and Blackrock’s sustained inflows suggest confidence in IBIT’s long-term viability.

Analysts suggest that if IBIT’s trend continues, we could see Bitcoin price maintain support above $82,500 and potentially push toward the $85,500 resistance later this week.

Read More: Institutional Bitcoin (BTC) Interest Remains Strong As MicroStrategy (NASDAQ:MSTR) Makes Another Buy And Tether’s Holdings Soar In March

What Next For BTC Price

Bitcoin price forecast indicators on Monday, April 2, show that BTC/USD surged to $85,078, not far from the key $85,500 level. The cryptocurrency is now up by 3.06% over the last 24 hours.

As the price trades in the upper half of the Bollinger Bands, the indicator suggests an expansion in volatility, potentially supporting further gains toward the upper band at $88,244. However, rejection at this level could trigger a steeper pullback to $82,500, aligning with the lower band support at $80,749.

The MACD histogram shows a bullish crossover as the blue MACD line reverses upward, signaling improving momentum. Nevertheless, the indicator remains in the negative territory, suggesting that the bears still exert some pressure on the price. A confirmed cross above the signal line would be needed to fully validate sustained upside potential.

If BTC manages to break out of the $85,500-$84,500 zone, it could continue its rally toward the next resistance at $88,000. Conversely, failure to hold above $84,500 may invite sellers to return, leading to a steeper decline and a retest of the $82,500 support.

Traders should keep an eye on macroeconomic cues and any new announcements regarding institutional activity, such as ETF out/inflows and large-scale purchases by firms. These developments could have a significant impact on the market.

While bullish momentum is building, we