Bitcoin Breaks Through Resistance, Aims for New High of $87K

Bitcoin has surged past a key technical barrier, signaling a potential shift in market sentiment and indicating further price growth. After weeks of stagnation around the $85,000 mark, the cryptocurrency broke above its 200-day Exponential Moving Average (EMA). This breakout signifies a major turning point for Bitcoin as it targets the psychologically significant level of $87,683 – a zone previously acting as resistance.