$BTC Technical Breakthrough: The price of Bitcoin successfully broke through the 200-day Exponential Moving Average (EMA) near $85,000, a level that has acted as resistance multiple times since April 13. After breaking this key resistance level, Bitcoin continued its upward trend and is now above $88,000. Technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) on the daily chart also show that bullish momentum is strengthening.

3. Impact of Market Sentiment: Recent statements from President Trump regarding cryptocurrencies, along with the weakening of the US dollar, may also have boosted market sentiment to some extent, prompting investors to shift their focus towards non-dollar assets, including Bitcoin.