Bitcoin Price Breaks New Ground, Surges Above $87K

The Bitcoin market is experiencing a surge today, with the cryptocurrency reaching new highs of $87,248.71 in early trading hours. This significant increase follows an influx of over $45 million into Bitcoin ETFs and notable movements by large-scale holders. Whale-driven exchanges saw 14,000 BTC traded out of wallets, further driving the price upward. Analysts are optimistic about the potential for further gains, citing a bullish technical outlook including an ascending triangle pattern and a neutral RSI reading. The cryptocurrency now faces resistance at $88,500 with a breakout expected to push Bitcoin past the $90,000 mark.