Bitcoin Breaks $89,000 Amid Surging Buying Pressure
Bitcoin has finally broken through the $89,000 resistance, reaching $89,037, driven by a notable 59% surge in buying pressure over the past few days. On-chain data shows strong accumulation from both retail investors and whales, with significant outflows from exchanges signaling that more BTC is being held off-market.
The breakout above $89K marks a critical shift, opening the door for higher targets. Analysts note that while the next psychological barriers lie ahead, the market sentiment is increasingly bullish as investors grow more confident in Bitcoin’s momentum.
Despite the optimism, traders remain cautious: sustained volume and follow-through above $89K will be key to confirming this breakout and avoiding a potential short-term pullback.
#USNonFarmPayrollReport #WriteToEarnUpgrade #BitcoinForecast
