Bitcoin shows ‘bull market behavior’ as chart pattern targets $90K
Bitcoin rallied to $76,000 on Tuesday as a bullish chart breakout and increasing onchain activity hint at an extended rally to $90,000.
Market analysts say Bitcoin (BTC) is showing “renewed bullish momentum” after its 5% rally above $76,000 on Tuesday, with bulls eyeing further gains to $90,000 amid improving network activity.
Data from TradingView shows the BTC/USD pair rose over 5% on Tuesday to an intraday high of $76,120, levels last seen on Feb. 6.
The surge saw Bitcoin’s price reclaim key support levels, including the $75,000 zone where the 100-day exponential and simple moving averages converge.