Analysts say Bitcoin may rise to $89000, with on chain data showing bullish characteristics

On April 15th, it was reported that Bitcoin rose more than 5% on Tuesday, reaching a high of $76120 since February 6th and recovering from the key support area of $75000. Analyst CryptoBlockto stated that Bitcoin has broken through $76000 and reached its March high. If the daily closing remains stable in the $75000 moving average area, it will confirm a breakout in form, with the next resistance level at $80000 and a measurement target at $89050. On chain data shows that the daily average number of Bitcoin transactions has increased by 62% since 2026, reaching a 17 month high of 765130 on April 5th. Glassnode reports that Bitcoin's total fee revenue has increased by 4% over the past week, indicating a rise in on chain demand.