Bitcoin Surges 10% to $84,610 as Bullish Momentum Builds

Bitcoin (BTC) has been experiencing a steady recovery, currently trading at $84,610. The daily and 4-hour charts indicate a significant shift in market sentiment, with price action breaking through key resistance levels and momentum indicators showing bullish signals. This suggests that BTC may be poised for its next major upward movement as institutional interest returns and volatility tightens.

The daily chart reveals a renewed bullish structure, confirmed by a positive MACD crossover. For the first time in weeks, the MACD histogram has turned green, and the MACD line has crossed above the signal line, indicating strengthening upward momentum. This is an early signal of a potential rally continuation. Bollinger Bands are beginning to widen after a period of contraction, suggesting that volatility is returning to the market. BTC is also trading above the midline of the Bollinger Bands, reinforcing short-term bullish control.

From a price structure perspective, Bitcoin has formed a strong support base around $77,000. This level has held firm through several re-tests, forming a horizontal accumulation zone. The current breakout attempt above $82,800, the middle band of the Bollinger setup, is notable. If Bitcoin maintains closes above this zone, the next logical move could be a test of the upper Bollinger Band near $88,000, followed by the psychological barrier at $90,000. Buyers appear to be absorbing supply, and higher lows continue to build a bullish structure.

Zooming into the 4-hour chart, BTC is carving out a bull flag formation—a bullish continuation pattern. After an impulsive leg up, the price entered a tight channel, consolidating in a downward-sloping structure. This pattern often precedes further rallies, especially when confirmed by volume expansion and MACD strength. The 4-hour MACD also reflects bullish control, with rising histogram bars and expanding separation between the MACD and signal lines. If Bitcoin breaks above $85,000 in the short term, it may rapidly climb toward $87,500–$88,000 before facing resistance.

On the downside, immediate support lies at $82,800, followed by the demand-rich zone of $80,000–$77,500. These areas have provided structural integrity and will likely serve as re-entry zones if the price dips. On the upside, Bitcoin must reclaim and sustain above $88,200, which marks the top of the current Bollinger range. A decisive breakout beyond that level could open the path toward $92,000–$95,000, a region where prior selling pressure emerged. Volume confirmation and market sentiment will be essential in validating these levels.

Given the confluence of bullish indicators on both daily and 4-hour charts, Bitcoin is likely to trade between $83,500 and $88,000 today. If momentum accelerates and volume picks up during the U.S. session, BTC could tag the $89,000 mark intraday. Conversely, if the price faces rejection around $85,000, a short-term pullback to $82,800 is possible before resuming upward movement. The prevailing structure suggests any dips are likely to be bought aggressively, as bulls prepare for a broader breakout.

Bitcoin is showing clear signs of a trend reversal, supported by a bullish MACD crossover, Bollinger Band expansion, and stable support formation. Both intraday and macro indicators align in favor of buyers, increasing the probability of an upward breakout in the near term. As market sentiment improves and technical strengthens, BTC could be on track for a rally toward the $90,000 region—setting the stage for a potentially explosive second quarter. Traders should monitor the $85,000 breakout zone closely for directional confirmation.