Bitcoin surged to its highest level since early February during a broader crypto market recovery, with analysts increasingly pointing toward a potential move to 80,000 dollars.
The asset briefly reached 76,000 dollars on Coinbase during early trading on Tuesday, according to TradingView. This marks its strongest performance since the sharp decline recorded on February 6.
Market analyst Sykodelic noted that Bitcoin managed to close a daily candle above the 74,500 dollar level, which previously acted as a key low in April 2025. According to the analyst, this close signals growing momentum and suggests the market may be preparing for further upside. They added that if prices remain stable at current levels, a move toward 80,000 dollars could follow, while a drop back into the 72,000 dollar range may lead to renewed weakness.
Technical Indicators Point to Continued Strength
Another analyst, Colin, described the current move as the early phase of a breakout. He estimated that the relief rally could reach around 80,600 dollars, with a broader potential range between 79,000 dollars and 86,000 dollars based on previous market levels.
Julio Moreno from CryptoQuant observed that Bitcoin’s Inter Exchange Flow Pulse has shifted back into bullish territory. This indicator has historically signaled key turning points in market structure, especially after extended periods of weak liquidity movement between exchanges. According to Moreno, the change suggests that liquidity is once again moving more actively within the exchange network, a condition often linked to the early stages of market expansion.
Meanwhile, analyst Daan Crypto Trades pointed to strong alignment around the 83,000 to 84,000 dollar range, where the Bull Market Support Band and a major CME gap are both located. At the same time, the 200 week exponential moving average continues to act as support near 68,000 dollars.
Rekt Capital noted that Bitcoin is showing unusual strength by closing weekly candles above the 200 week exponential moving average. However, the analyst also cautioned that the asset could continue moving sideways around this level before making a decisive move.
Broader Crypto Market Activity
At the time of writing, Bitcoin had eased slightly to around 74,300 dollars but remained up 9 percent over the past week. Ethereum also recorded strong gains, rising more than 8 percent during the day to reach 2,380 dollars before a small pullback. Over the past seven days, Ethereum has climbed by 17 percent.
Altcoins also posted notable gains, with XRP, Cardano, Stellar, and Zcash all seeing strong upward movement. The total crypto market capitalization rose to 2.65 trillion dollars, its highest level since early February.#crypto#cryptonews https://t.me/coinsignalpublic https://coinsignals.net
