Bitcoin Breaks Above $84K, Bulls Eye $90K as Momentum Shifts

Bitcoin has broken above $84,000 and is currently holding near $85,000 as a surge in buying pressure triggers a fresh market rally.

The breakout has improved Bitcoin's near-term structure, but traders now face a crucial test near the $88,761 two-year moving average.

A sustained move beyond this zone could bring $90,000 into focus, and it remains to be seen whether bulls can push towards this target.

The sharp increase in buying pressure has been accompanied by a significant surge in net taker volume on Binance, climbing from approximately $11 million to $618 million within an hour.

This increased trading activity, along with short liquidations across the crypto market, is fueling the upside move.