Bitcoin has recovered to the $75,000 level, raising expectations of further gains. Cointelegraph reported on April 15 that bitcoin climbed overnight to $76,120, the highest since Feb. 6.

On charts, a breakout from an ascending triangle pattern was cited as a key variable. Bitcoin broke above the upper trend line near $73,000 on April 14, and some observers say a daily close above $75,000 could confirm the breakout. The next psychological resistance was put at $80,000, and clearing it could open the pattern target to $89,050. That is about 18 percent above the current price.

Market analysts also focused on bullish signals. Analyst Blookto wrote on X, formerly Twitter, that bitcoin broke above $76,000, surpassing the March high and showing "new bullish momentum". It added that a clear move beyond the $76,000 area could confirm a trend reversal and sustained upward momentum.

Another analyst, CryptOpus, said bitcoin is trading within the horizontal supply zone of the ascending triangle, and that the 100-day moving average is acting as resistance above the current price. The market is watching whether that resistance can be broken on a closing basis.

Technical indicators also pointed to a rebound. The daily relative strength index rose to 63 from the oversold zone, where it fell to 15 on Feb. 6. That was seen as a signal that buying is stronger than before.

On-chain indicators also improved in line with price moves. Daily bitcoin transactions have risen 62 percent so far in 2026, and were tallied at 765,130,000 on April 5. That is similar to the level seen in November 2024. At the time, growing expectations linked to the U.S. presidential election helped push bitcoin above $100,000 for the first time ever.

Analyst CW8900 said, "Bitcoin daily transactions are currently higher than when bitcoin was at $120,000." It highlighted that trading activity is recovering faster than price levels.

Fee trends also pointed in the same direction. On-chain analytics firm Glassnode said in a recent report that total bitcoin fees rose 4 percent over the past week to $153,700. Glassnode said this was a sign of higher on-chain demand, and that rising transaction counts and fees mean more users are participating in the network and are also tied to a broader increase in market interest and confidence.

Against this backdrop, the market is watching in the near term whether bitcoin can break above $76,000 and hold $75,000 as support. If both levels hold, $80,000, then the $84,000 and $89,050 areas are being discussed as the next targets.

JUST IN: $BTC - #Bitcoin surged above the $76,000 level during the New York trading session, breaking above its March highs and signaling renewed bullish momentum. The move marks a key technical breakout, as the $72,000 – $76,000 zone had acted as a strong resistance area for… pic.twitter.com/KfelXdPfZ2