Technical analysis indicates that Bitcoin’s breakout could lead to a surge towards the $90K-$92K levels.

Bitcoin’s Bullish Breakout Targets $90K-$92K as Support Zone Resurfaces

Bitcoin (BTC) has recently broken out of its consolidation range, shifting the focus to a potential rally toward the $90,000-$92,000 zone, a level that previously acted as a robust support area.

Early Monday, BTC climbed past $87,000, decisively breaking out of the narrow trading band between $83,000 and $86,000 that had held the price in check for the past week. This breakout signals a return of bullish momentum and a continuation of the recovery that began after Bitcoin’s dip below $75,000 earlier this month.

The $90,000-$92,000 range, which had supported the price from December through early February, is now seen as a key resistance zone. While this area was breached in late February, triggering a steep decline below $75,000, the bullish move now points toward a retest of that support level.

The breakout is clearly visible on the hourly chart, confirming a positive shift in market sentiment. Additionally, Bitcoin has surpassed its 30-day exponential moving average (EMA), indicating a shift toward bullish price action. The failure of the bearish trendline from the record highs further supports the possibility of continued upward movement.

The key focus now is on the $90,000-$92,000 range, which previously acted as a floor for the market. Traders should also monitor the 200-day simple moving average (SMA), currently located at $88,245, as a potential support level.

However, the bullish case could be invalidated if prices fall back to around $85,000 by the close of the day (UTC). It’s also common for markets to revisit breakout points before making more substantial moves, meaning Bitcoin may test the $86,000 level again. This could be particularly true as the breakout occurred during early Asian trading hours, a time when liquidity is typically lower, allowing fewer orders to create larger impacts on price.