On April 15, it was reported that Bitcoin rose over 5% on Tuesday, peaking at $76,120—the highest level since February 6—and reclaiming the key support area around $75,000. Analyst CryptoBlockto noted that Bitcoin’s breakout above $76,000 and above its March high confirms a bullish pattern if it closes the day steadily above the $75,000 moving average, with the next resistance at $80,000 and a measured target of $89,050. On-chain data shows that Bitcoin’s daily transaction volume has increased by 62% since 2026, reaching a 17-month high of 765,130 transactions on April 5. Glassnode reported that Bitcoin’s total fee income over the past week rose by 4%, indicating growing on-chain demand.
Bitcoin Surpasses $76,000 as Analysts Predict $89,050 Target
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Summary
Bitcoin reached $76,120 on April 15, rising over 5% to its highest level since February 6. On-chain data shows daily transactions increased 62% year-over-year, reaching 765,130 on April 5—a 17-month high. Analyst CryptoBlockto stated that a close above $75,000 confirms a breakout, with $80,000 as the next target and $89,050 as the ultimate target. On-chain analysis from Glassnode reveals that Bitcoin’s total fee revenue rose 4% week-over-week, signaling increased network activity.
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