Analyst: Bitcoin shows' bull market characteristics', may rise to $90000 BlockBeats news, on April 15th, according to Cointelegraph, Bitcoin rose more than 5% on Tuesday, reaching a high of $76120 for the day, the highest level since February 6th, successfully regaining the key support area of $75000- the exchange position between the 100 day index moving average and the simple moving average. From a technical perspective, Bitcoin broke through the upper limit of the rising triangle at $73000 on Monday. Analyst CryptoBlockto stated, "Bitcoin has broken through $76000 and reached its March high, sending a bullish signal for a renewed strengthening." He pointed out that if the daily chart closes firmly in the $75000 moving average area, it will confirm the formation breakthrough is established, and the next resistance level is the psychological barrier of $80000. The upward triangle measurement target points to $89050, which is about 18% higher than the current price. The daily RSI has now risen to 63, having previously fallen to oversold zone 15 on February 6th. In terms of on chain data, the average daily transaction volume of Bitcoin has increased by 62% since 2026, reaching 765130 on April 5th, a 17 month high, comparable to the level when Bitcoin first broke through $100000 during the 2024 US presidential election. Analyst CW8900 stated: "The current daily trading volume of Bitcoin has exceeded the level when BTC price was at $120000, and the network is showing a bull market behavior. Glassnode pointed out in its latest market report that Bitcoin's total fee revenue increased by 4% in the past week, rising to $153700, indicating a "warming demand on the chain", and said, "This growth means an increase in network activity, which may indicate a shift in users' willingness to increase fee expenditures in order to fight for transaction priority processing rights