Bitcoin is trading near 89,900 today, up nearly 2% in the past 24 hours, as rising volume and tightening price action point to a potential breakout. With market cap holding around 1.79 tn and 24-hour trading volume jumping above 44 bn, momentum is quietly rebuilding even as broader sentiment remains cautious.
The world’s largest cryptocurrency continues to lead the market, accounting for a large share of the total crypto market cap of roughly 3.06 tn. Circulating supply is now just under 20 mn BTC, leaving limited room before the 21 mn hard cap—an ongoing structural factor supporting long-term valuation.
Why Bitcoin Is Rising Today
Bitcoin’s latest move higher isn’t driven by hype. Instead, it reflects improving market participation and steady accumulation.
Trading volume has surged more than 120% day on day, a sign that buyers are stepping in with conviction rather than chasing short-term moves. At the same time, the Fear and Greed Index remains in “fear” territory near 34, suggesting positioning is still cautious. Historically, that combination—rising price with restrained sentiment—often supports sustained trends rather than blow-off rallies.
Altcoin participation remains selective, with the Altcoin Season Index near 24, firmly keeping the market in Bitcoin-led mode.
Bitcoin Price Price Prediction: Triangle Breakout to Drive Bullish Price Action
Bitcoin price prediction is bullish as BTC is trading near $89,900 on the 2-hour chart, and the structure looks increasingly constructive. Price has been compressing inside a symmetrical triangle, defined by lower highs from the $93,500 area and a rising base formed between $85,800 and $87,000. This pattern reflects balance and declining volatility, not weakness.
Bitcoin Price Chart – Source: TradingviewThe broader trend remains intact. Bitcoin continues to post higher lows, supported by an ascending trendline from mid-December. Price is holding above the 50-EMA and 100-EMA cluster near $88,500–$89,000, where both averages have flattened and started to curl higher. This type of EMA compression often precedes directional expansion when paired with structural support.
Candlestick behavior supports that view. Recent pullbacks have produced small-bodied candles with limited lower wicks, showing dips are being absorbed rather than sold.
There’s no evidence of distribution patterns or aggressive bearish follow-through. RSI has pushed into the high-60s, breaking above its prior range and signaling building upside pressure without reaching stretched conditions.
Bitcoin (BTC/USD) Key Levels and Forward View
From a projection standpoint, a confirmed close above triangle resistance near $90,500–$90,900 would likely trigger a measured move toward $93,500, followed by the $96,000 region if momentum accelerates. On the downside, the structure weakens only on sustained acceptance below 87,000, which would expose the 85,800 support zone.
From a forward-looking lens, this setup resembles consolidation before continuation rather than exhaustion. Acceptance above 90,500 would favor a move toward 95,000 and beyond, reinforcing optimism around the next phase of the crypto cycle as liquidity gradually returns.
Maxi Doge: A Meme Coin Built Around Community and Competition
Maxi Doge is gaining traction as one of the more active meme coin presales this year, combining bold branding with community-driven incentives. The project has already raised more than $4.39 million, placing it among the stronger early performers in the meme token category.
Unlike typical dog-themed tokens that rely purely on social buzz, Maxi Doge leans into engagement. The project runs regular ROI competitions, community challenges, and events designed to keep participation high throughout the presale phase. Its leverage-inspired mascot and fitness-themed branding have helped it stand out in a crowded meme market.
The $MAXI token also includes a staking mechanism that allows holders to earn daily smart-contract rewards. Stakers gain access to exclusive competitions and partner events, adding a passive earning component while encouraging long-term participation rather than short-term speculation.
Currently priced at $0.000276, $MAXI is approaching its next scheduled presale increase. With momentum building and community activity remaining strong, Maxi Doge is positioning itself as a meme coin focused on sustained engagement rather than one-off hype.
Click Here to Participate in the PresaleThe post Bitcoin Price Prediction: BTC Near $90,000 as Volume Jumps 120% – Is a 96,000 Breakout Next? appeared first on Cryptonews.
