Bitcoin rises to $76K as on-chain activity hits 17-month high
Bitcoin rose more than 5% to $76,120 on Tuesday as daily on-chain transactions hit a 17-month high and an ascending-triangle pattern points to about $89,050–$90,000.
Bitcoin climbed more than 5% on Tuesday to an intraday high of $76,120 as daily on-chain transaction counts reached levels not seen in 17 months and a technical pattern projects a measured target near $89,050–$90,000.
The price move reclaimed support around $75,000 and followed a breakout above an upper trend line near $73,000, where sellers had capped gains earlier in the week.
The 100-day exponential and simple moving averages converged near $75,000. A daily close above those averages would leave the next resistance near $80,000.
Analyst CryptoBlockto wrote on X that the surge cleared March highs and noted that clearing the $76,000 zone would confirm a trend reversal and sustained upside momentum.
Chart observers identified an ascending-triangle pattern that broke its upper trend line this week. The triangle’s measured target sits around $89,050, about 18% above Tuesday’s intraday price. Analyst CryptOpus posted on X that ‘a strong breakout above both the pattern and the 100MA would confirm a rally in the market.’
Data from on-chain providers showed daily transaction counts up about 62% year-to-date in 2026, reaching roughly 765,130 transactions on April 5, levels last recorded in November 2024. User CW8900 posted that ‘$BTC daily transaction count is higher than when $BTC was $120K.’
Total transaction fees rose about 4% week-over-week to $153,700, Glassnode’s Market Pulse reported, linking higher fees to increased on-chain demand.
Technical momentum indicators moved higher alongside price and network activity. The daily relative strength index advanced to about 63 from an oversold reading near 15 on Feb. 6. Traders are watching for sustained daily closes above the moving averages and the $76,000 area as signals that could influence near-term price direction.
Analysts and data providers continue to monitor transaction counts, fee volumes and moving-average closes for further signals.
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