Technical Breakthrough: Bitcoin's price has successfully broken through the 200-day Exponential Moving Average (EMA) near $85,000, a level that has served 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 like 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 by President Trump regarding cryptocurrencies, along with the weakening of the dollar, may have also contributed to boosting market sentiment to some extent, prompting investors to turn their attention to non-dollar assets, including Bitcoin.