BlockBeats News, April 15th. According to Cointelegraph, Bitcoin surged over 5% on Tuesday, with the intraday high reaching $76,120, the highest since February 6th, successfully reclaiming the key $75,000 support area—the confluence of the 100-day moving average and the simple moving average.
From a technical perspective, Bitcoin had already broken above the upper bound of an ascending triangle at $73,000 on Monday. Analyst CryptoBlockto stated: “Bitcoin breaking $76,000 and surpassing the March high signals a bullish stance. He noted that if the daily close holds above the $75,000 moving average zone, it will confirm the breakout formation, with the next resistance at the psychological level of $80,000, and the ascending triangle measuring target pointing to $89,050, about 18% higher than the current price. The daily RSI has now risen to 63, having previously dropped to oversold territory at 15 on February 6th.
On-chain data shows that since 2026, the average daily Bitcoin transaction count has increased by 62%, reaching 765,130 transactions on April 5th, hitting a 17-month high, similar to the level during the 2024 U.S. presidential election when Bitcoin first broke $100,000. Analyst CW8900 stated: “The current Bitcoin daily transaction count is higher than when BTC was at $120,000, indicating bullish network behavior.” Glassnode noted in its latest market report that Bitcoin’s total fee income in the past week has grown by 4% to $153,700, showing “increased on-chain demand,” and stating, “This growth indicates rising network activity, suggesting a shift in willingness to increase fee expenditure to compete for transaction priority.”
