Bitcoin Tops $73,000, Expert Explains Why The Rally Isn’t Over Yet

Bitcoin has surpassed $73,000, recovering to levels not seen since early February, and analysts anticipate further gains. Market analyst Ali Martinez suggests a potential relief rally is underway, citing strong institutional demand. Spot Bitcoin ETFs have been a major driver, absorbing $776 million worth of BTC last week. This week, ETF inflows have already reached $789 million, indicating sustained buying pressure. On-chain data also reveals limited resistance immediately above current price levels. The UTXO Realized Price Distribution shows a thin supply concentration between $72,000 and $81,000. This "low supply" area means fewer historical sell levels, allowing Bitcoin to move more freely. Martinez believes this could lead to a rally extending toward $84,000. Significant resistance is expected around $83,307 and $84,569 if the rally continues. A confirmed breakout, supported by ETF inflows and light on-chain resistance, could foster further short-term expansion.