Market analysts say Bitcoin (BTC) is building up after a 7% rally above $72,000 on Tuesday, with bulls eyeing further gains to $90,000 amid improving macro sentiment.
Key takeaways:
– BTC price forms a bullish structure after reclaiming $72,000; a symmetrical triangle breakout targets $90,000.
– Binance taker buy volume surged by $2.7 billion in two hours after the US‑Iran ceasefire, signaling aggressive buying.
BTC price “builds a bullish structure”
Bitcoin’s latest rally reclaimed key support, including the $68,000 zone where the 200‑week exponential moving average and the 50‑day simple moving average converge.
“Bitcoin breaks through the crucial $71K level and builds a bullish structure,” MN Capital founder Michael van de Poppe said. He noted the next major resistance at $80,000 and that holding support near $70,000 is required to secure a recovery toward $90,000. “That would strengthen the entire theory of higher lows, higher highs, and continue the momentum upwards.”
Technically, BTC/USD is validating a symmetrical triangle after breaking above the upper trend line near $70,000. A daily close above that level would confirm the breakout, with the next resistance around the $76,000 range high. Above $76,000, bulls face $80,000 before moving toward the triangle’s measured target near $90,000 — roughly 25% above current levels.
The daily RSI has risen to about 56 from an oversold 15 on Feb. 6, indicating increasing bullish momentum. Maintaining above roughly $69,500 in the near term is seen as crucial for sustaining the recovery.
Bitcoin bulls are “buying aggressively”
Bullish sentiment appears to be returning, with Binance data showing buyers dominating futures volumes. Binance taker buy volume — the dollar amount of aggressive market buys on Binance futures — rose by $2.7 billion within two hours following the US‑Iran ceasefire announcement ($1.2B then $1.5B), according to CryptoQuant contributor DarkFost. He said the sudden flow allows short‑term repositioning and sends a constructive signal for Bitcoin.
Net taker volume, which measures the imbalance between aggressive buyers and sellers on derivatives markets, has also moved higher. CryptoQuant analyst Amr Taha reported Binance’s cumulative test taker volume climbed to $1.02 billion — the highest since March 17 — signaling a sharp return of aggressive buying. “This suggests Binance traders were buying aggressively into improving macro sentiment, not just reacting to a crypto‑specific headline,” he said.
Other indicators support rising demand: Coinbase’s Bitcoin premium index has flipped positive, indicating renewed buying interest from U.S. investors after a period of negative readings.
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