Bitcoin Breaks Through Resistance, Poised for Major Gains in the Future

Bitcoin has broken through its 50-day Simple Moving Average (SMA), signaling a surge of bullish sentiment across the crypto market. This breakout is viewed as a crucial indicator of upward momentum and could propel BTC towards challenging the next major resistance level at $87,250—the 200-day SMA currently acting as a key barrier. Technical analysts suggest this successful breakout above the long-term moving average could lead to even higher gains, potentially reaching $94,100, a significant resistance point seen multiple times in past cycles.