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.

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