Bitcoin Surges Past $85K Amidst Bullish Market Trends
- Bitcoin surpasses $85K, next target $90K resistance level.
- Bitcoin up 3.5% in 24 hours.
- Market anticipates sustained upward momentum.
Bitcoin regained ground, surpassing $85K as of March 24, 2025, indicating a bullish trend.
The market watches closely as Bitcoin approaches the next resistance point of $90K, signaling potential higher gains.
Bitcoin Closes On $90K After Key $85K Breakthrough
Bitcoin’s recent surge past $85,000 marks a significant milestone. Traders are keenly observing the digital currency’s trajectory as it edges closer to the $90K resistance level.
The cryptocurrency has regained momentum, overcoming the Daily 200MA/EMA mark. Its previous range saw DeFi Llama | Bitcoin acting as a pivotal support.
Bitcoin Market Cap Surpasses $1.74 Trillion
The cryptocurrency’s market cap now exceeds $1.74 trillion, reflecting a 3.5% increase over 24 hours. As Bitcoin gains strength, it holds a 60.67% dominance in the crypto market.
Based on CoinMarketCap data: Bitcoin (BTC) price reached $88,062, marking a 3.59% increase in the past day with a trading volume approximately $31.5 billion. The circulating supply is around 19.8 million with a max supply of 21 million. Data last updated on March 24, 2025.
Bitcoin breaking $85K is significant. The $90K level is the last major hurdle before we potentially see a move towards $100K+. On-chain metrics suggest strong hodler conviction. – Samson Mow, CEO, JAN3
Historical Trends Suggest More Bitcoin Growth Potential
This scenario parallels Bitcoin’s past performance during bullish runs, where breaking key resistance levels often led to further price gains.
If Bitcoin maintains its upward trajectory, experts predict potential spikes. Historical patterns suggest that surpassing $90K could lead to sustained growth in the near future.
