{"id":8236,"date":"2026-04-09T07:29:52","date_gmt":"2026-04-09T07:29:52","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=8236"},"modified":"2026-04-09T07:29:52","modified_gmt":"2026-04-09T07:29:52","slug":"bitcoin-eyes-90k-target-as-72k-breakout-and-2-7b-binance-buy-wave-reset-bull-case","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=8236","title":{"rendered":"Bitcoin Eyes $90K Target as $72K Breakout and $2.7B Binance Buy Wave Reset Bull Case"},"content":{"rendered":"

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  • Bitcoin broke above US$72,000, with chart structure pointing to a measured-move target of US$90,000.<\/span><\/li>\n
  • Binance recorded US$2.7 billion in taker buy orders within two hours of the US-Iran ceasefire announcement on April 8, lifting net taker volume to US$1.02 billion, its highest reading since March 17.<\/span><\/li>\n
  • Analysts say the bullish structure depends on US$70,000 holding as support, with US$80,000 as the next resistance rungs before any push toward US$90,000.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    Bitcoin (BTC) rose above US$72,000 (AU$104.4k) this week after breaking out of a symmetrical triangle pattern, with easing geopolitical tension and heavy Binance buying helping form a bullish setup that some analysts say could carry toward US$90,000 (AU$130.5k).<\/p>\n

    The move followed the April 8 announcement of a US-Iran ceasefire, which removed a major macro risk overhang and triggered a broader shift back into risk assets. Bitcoin was trading near US$70,996 (AU$103k) when the breakout took hold, leaving roughly 25% upside to the US$90,000 target implied by the measured move from the pattern.<\/p>\n

    CryptoQuant\u2019s Darkfost data showed strong momentum behind the rally. Taker buy orders on Binance rose by US$1.2 billion (AU$1.74 billion) around the ceasefire headline and by another US$1.5 billion (AU$2.18 billion) in the following two hours, lifting total taker buying to US$2.7 billion (AU$3.92 billion).\u00a0<\/p>\n

    Net taker volume reached US$1.02 billion (AU$1.48 billion), the strongest single-session reading since March 17. CryptoQuant analyst Amr Taha said the move reflected traders buying aggressively as macro conditions improved, rather than reacting only to a crypto-specific catalyst.\u00a0<\/p>\n

    The Coinbase Premium Index also turned positive, pointing to renewed US institutional demand alongside offshore buying.<\/p>\n

    Related: Bitcoin ETFs See $471M Inflow Surge as BlackRock\u2019s IBIT Leads<\/strong><\/p>\n

    Momentum Improves Above Support<\/h2>\n

    Technical indicators also strengthened. Bitcoin\u2019s relative strength index climbed to 56 after falling to 15 on Feb. 6, signalling a recovery from deeply oversold conditions. Support is concentrated near US$68,000 (AU$98.6k), where the 200-week exponential moving average and the 50-day simple moving average are converging.<\/p>\n

    MN Capital founder Michael van de Poppe said Bitcoin had cleared the key US$71,000 level and was building a bullish structure. In his view, holding above US$70,000 (AU$101.5k) is essential to preserve the pattern of higher lows and higher highs.\u00a0<\/p>\n

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    This is what you’d want to see.<\/p>\n

    I mentioned earlier that a ceasefire would be a clear direction on the markets. <\/p>\n

    It happened.#Bitcoin<\/a> breaks through the crucial $71K level and builds a bullish structure.<\/p>\n

    Oil is down and the Strait is open, which means that there’s a mean\u2026 pic.twitter.com\/yeTubMirqe<\/a><\/p>\n

    \u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) April 8, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

    A break below US$69,500 (AU$100.8k) would weaken that setup and reopen the risk of a move back toward support.<\/p>\n<\/p><\/div>\n