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Analysis: Current Bitcoin bull market characteristics, technical pattern target price points to $90k
Deep Tide TechFlow News, April 15, According to Cointelegraph, Bitcoin price broke through $76,000 on Tuesday, hitting a 70-day high and returning to the key support zone of $75,000. Analysts pointed out that Bitcoin has broken above the ascending triangle’s upper trendline at $73,000; if the daily close is above $75,000, it will confirm a technical breakout, with the next resistance at $80,000 and a target price potentially reaching $89,050. Meanwhile, Bitcoin’s daily trading volume reached 765,130 transactions on April 5, a 17-month high, and trading fees increased by 4% within a week to $153,700, indicating increased on-chain activity and market demand. Analysts believe that the rise in network activity is positively correlated with price trends, reflecting a rebound in market confidence.