Bitcoin has experienced a surge, climbing over 10% and trading above the $92,500 zone, signaling a potential upside move. After finding support around $88,000, BTC initiated a notable upward trend, currently positioned above $90,500 and the 100 hourly Simple Moving Average. A bullish trend line is developing, offering support at $90,150 on the hourly BTC/USD chart.

The cryptocurrency's upward trajectory saw it break through resistance levels at $88,000 and $90,000, eventually testing the $94,000 resistance zone with a high near $93,888. Bitcoin is consolidating gains above the 23.6% Fib retracement level from the $86,400 swing low to the $93,888 high, trading above $91,500 and the 100 hourly Simple Moving Average. The established bullish trend line continues to provide support at $90,150.

Immediate resistance is observed near $93,500, with key resistance at $94,000 and $95,000. A successful breach above $96,500 could propel Bitcoin toward $97,500 and potentially $98,000. Conversely, failure to overcome the $94,000 resistance may trigger a downside correction. Immediate support lies near $92,000, with major support at $91,500, followed by the $90,150 zone, coinciding with the trend line and the 50% Fib retracement level. Further losses could drive the price toward the $88,800 support, with a main support level at $87,500.

Technical indicators suggest bullish momentum, with the Hourly MACD gaining pace in the bullish zone and the Hourly RSI above 50. Key support levels to watch are $92,000 and $90,150, while major resistance levels are identified at $94,000 and $95,000.