Bitcoin Eyes $90K as Bullish Momentum Builds Amid Breakout

Bitcoin is once again surging, reaching $88,507 and approaching the critical psychological milestone of $90,000. This rally follows a bullish breakout from an ascending triangle pattern, signaling growing upward momentum. Traders are now watching key resistance levels at the 50-day and 100-day EMAs, positioned at $90,237 and $90,291 respectively. A decisive move above these EMAs could open the door for a sustained rally and reignite both institutional and retail investor interest.

Supporting the bullish case is Bitcoin’s strong rebound from the 200-day EMA, which acted as dynamic support near $85,000. This bounce has reinforced market confidence in the long-term uptrend and indicates a solid foundation for further price gains. However, one cautionary signal is the divergence between price and trading volume. Despite the rising price, volume has yet to confirm the rally. Without a volume surge in upcoming sessions, the move risks losing steam.

Currently, the Relative Strength Index (RSI) stands at 53.78 and is trending upward, leaving room for further upside before entering overbought territory. If Bitcoin can break above the dual resistance of the 50 and 100 EMAs with strong buying pressure, it may confirm a bullish continuation and push the price firmly past $90,000.

While momentum is clearly favoring the bulls, the lack of volume suggests traders should remain cautious. A breakout supported by increased volume would be a more reliable signal of sustained bullish sentiment. For now, Bitcoin’s technical setup remains favorable, but confirmation from volume will be key in determining the strength and longevity of this move.