Bitcoin has surged past the $94,000 threshold, marking a significant milestone after weeks of sideways movement. This explosive breakout signals a strong bullish trend reversal, with analysts citing expanding DeFi applications and growing institutional investment as key drivers behind this surge. Key technical indicators, including upward sloping 20-day SMA, expanded Bollinger Bands and a textbook bull flag pattern, further reinforce the current uptrend. The daily break past $88,000 resistance reinforces this bullish momentum. 4-hour chart reveals a clear resolution of the recent bull flag pattern, while on the 1-hour timeframe, Bitcoin is exhibiting healthy short-term upward momentum with key support near $90,000.