Market analysts say Bitcoin (BTC) has regained bullish momentum after a 5% rally that pushed the price above $76,000 on Tuesday, with traders targeting further gains toward $90,000 as network activity improves.
Bitcoin price hits a 70-day high
TradingView data shows the BTC/USD pair climbed more than 5% on Tuesday to an intraday high of $76,120, levels last seen on Feb. 6. The move reclaimed key support, notably the $75,000 area where the 100-day exponential and simple moving averages converge.
“#Bitcoin surged above the $76,000 level, breaking above its March highs and signaling renewed bullish momentum,” analyst CryptoBlockto wrote on X, noting that clearing the $76,000 zone would confirm a trend reversal and sustained upside.
Technically, Bitcoin is tracing an ascending triangle after clearing its upper trend line at about $73,000 on Monday. A daily close above the moving averages near $75,000 would validate the breakout, with the next resistance at the psychological $80,000 level. If bulls maintain control, the triangle’s measured target sits around $89,050 — roughly 18% above current levels — while some reports note a close above $76,000 would also clear the path for a potential run to $84,000.
The daily relative strength index has risen to about 63 from oversold readings near 15 on Feb. 6, signaling growing bullish momentum. Analyst CryptOpus added that price is trading inside the horizontal supply zone of the ascending triangle and that the 100MA remains a resistance barrier; a decisive break above both would confirm a bullish rally.
Transaction activity hits 17-month highs
The price strength is mirrored on-chain. Bitcoin’s daily transaction count has climbed sharply in 2026 — up 62% to roughly 765,130 on April 5 — levels not seen since November 2024, when election-related hype pushed Bitcoin above $100,000.
“$BTC daily transaction count is higher than when $BTC was $120K,” X user CW8900 observed, adding that the network is demonstrating bull market behavior.
Total fee volume has also increased, rising about 4% over the past week to approximately $153,700, which Glassnode cited in its Market Pulse as evidence of heightened on-chain demand. Glassnode noted this uptick in fees could reflect users’ greater willingness to pay for transaction priority.
Rising transaction counts and fee volumes indicate more users interacting with the Bitcoin network, a sign commonly associated with increased interest and market confidence.
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