Bitcoin Breaks Through Key Resistance Level, Eyes $90,000
Bitcoin's break above $86,000 has cleared a major pocket of bearish leverage and set its sights on $90,000.
The largest cryptocurrency climbed as high as $87,363 over the past 24 hours before easing to $85,824 at press time, according to CryptoSlate data. This move pushed Bitcoin through a zone that had repeatedly capped rallies and accumulated short positions over several months.
According to Glassnode, the price action helped BTC reclaim all of its major long-term moving averages after spending about 300 days below them. The asset is also trading above its True Market Mean and short-term holder cost basis, levels the firm uses to distinguish sustained bullish regimes from weaker market structures.
The move was accompanied by a surge in on-chain activity, with Bitview data showing more than 1 million BTC, worth over $92 billion, moved during the past week. This is the highest transaction volume in four years and above activity recorded around Bitcoin's October 2025 peak.