Please, they would need to win the BTT to even have a chance at moving up to a 6. And sorry but that ain't going to happen.
I don't know about that. In 2001 Iowa entered the BTT as a bubble team (18-11, 7-9) as a 6th seed ironically, needing a win over 11th seeded Northwestern, to secure a 10 or 11 seed in the NCAAs
They won the whole beating the 11, 3, 7, & 4 BTT seeds and ended up with a 7 seed in the big dance. Evidence is there that a team can jump a few seed lines during their conference tournament. Particularly if their conference is loaded with good teams. NCAA committee loves neutral court wins.
IMO a loss to Northwestern = 10/11 seed
Win over Northwestern = 8/9 seed, doesn't really matter
Wins over Northwestern & MSU = 7 seed
Wins over Northwestern, MSU, & Wisconsin = 6 seed
Wins over Northwestern, MSU, Wisconsin, & Michigan = 5 seed, IMO that's Iowa's ceiling as far as seed goes.
Certainly upsets happen. Wisconsin may not get to the semis, Michigan may not get to the finals. But as Buster said, the opportunity is there for Iowa to get a good seed. They just have to take advantage of it.