Bitcoin Breaks Resistance, Reaches New High – 8-Hour Chart Confirms Major Trendline Breakout

Bitcoin has broken through key resistance on its 8-hour chart, reaching a new all-time high of $88,500. This surge coincides with an RSI reading above 73.99 and a bullish MACD crossover. However, market analysts highlight the potential for volatility as price remains near critical support at $86,664.84. While early signs point to a bullish trend, further confirmation is needed through increased trading volumes.