According to Cointelegraph, Bitcoin’s price surged past $76,000 on Tuesday, reaching a 70-day high and re-entering the key support zone around $75,000. Analysts noted that Bitcoin has broken above the upper boundary of an ascending triangle at $73,000; a daily close above $75,000 would confirm the technical breakout, with the next resistance level at $80,000 and a potential target as high as $89,050. Meanwhile, Bitcoin’s daily transaction volume reached 765,130 on April 5—the highest in 17 months—and transaction fees rose 4% over the week to $153,700, indicating increased on-chain activity and stronger market demand. Analysis suggests that rising network activity correlates positively with price movement, reflecting renewed market confidence.
Bitcoin price breaks $76,000; analysts target $89,050
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Summary
Bitcoin’s price surged past $76,000 on Tuesday, reaching a 70-day high and re-entering the key $75,000 support zone. A breakout above the $73,000 ascending triangle was confirmed with a daily close above $75,000. Analysts view $80,000 as the next resistance level, with a price target of $89,050. Daily transaction volume reached 765,130 on April 5, a 17-month high, while fees increased 4% to $153,700 over the week.
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