Analyst Pizzino highlights Bitcoin’s surge into the $90,000 range as a pivotal moment in market history. He emphasizes this breakout invalidated previous bearish signals that had marked tops in December, January, and March 2024. With Bitcoin exceeding these key levels, Pizzino asserts a complete shift towards bullish sentiment for the asset. 37-month lows of the US Dollar Index (DXY) contributed to this momentum. Pizzino interprets the DXY’s decline as historically favorable for Bitcoin, pointing to a link between weakening dollar and major upward price movements in the past. Furthermore, the decline of Tether’s dominance is seen as another sign of growing risk appetite in the crypto market. The stablecoin’s market share relative to the broader crypto ecosystem has slipped below key support thresholds, encouraging traders to shift capital towards riskier assets like Bitcoin. This ongoing trend, combined with the previous technical breakthroughs, suggests a potential for further upside for Bitcoin in the short term.