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.
Bitcoin price hits a 70-day high
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.
“#Bitcoin surged above the $76,000 level, breaking above its March highs and signaling renewed bullish momentum,” analyst CryptoBlockto said in an X post on Tuesday.
The analyst pointed out that the next crucial resistance zone is $76,000 and that clearing it would confirm “a trend…
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Source cointelegraph.com
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