#SaylorBTCPurchase

Bitcoin surpasses $87K: Bulls await a breakout towards $92K

Bitcoin has recovered to $87K and is now aiming for $92K, driven by the excitement surrounding Michael Saylor and an increase in activity in the derivatives market.

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As Bitcoin recovers to $87,000, the cryptocurrency market shows a bullish trend once again. At the time of publication, Bitcoin is trading at $87,424, recording an intraday recovery of nearly 3%.

The bullish momentum indicates a possible breakout from a significant supply zone near $88,000. Will the recent sentiment, driven by Michael Saylor, and the growing interest in the derivatives market influence BTC prices returning to $92,000?

Bitcoin price analysis indicates a breakout at $88K

On the daily chart, BTC shows a bullish breakout from a descending wedge, gaining momentum. With the intraday recovery, Bitcoin has surpassed the highly anticipated resistance level around $86,000.