l$BTC is currently trading at $85,692.00, up 5.41% over the past 24 hours, after swinging between a low of $81,228.15 and a high of $87,395.67. For much of the session the price stayed below its 60-period moving average ($85,541.98), chopping sideways, but it then broke out sharply on a clear spike in volume, pushing the price back above that moving average. This kind of move — a breakout accompanied by strong volume — usually signals genuine buying pressure rather than random drift. That said, the order book right now is tilted toward the sell side (41.65% bids vs 58.35% asks), meaning there’s more resting supply just above the current price, which could act as resistance to further upside in the short term.