Bitcoin ($BTC) has reached $87,000, in a move analysts say is supported by new inflows into spot exchange-traded funds (ETFs) in the United States, which reinforces a bullish outlook at the $86,000 level.

These analysts point to an improvement in macroeconomic conditions that helped attract these flows, alongside investors’ rising appetite for high-risk assets.

As the analysis highlights the role of short covering: sudden price moves pushed some traders to close their short positions, adding upward momentum.

The question remains: will spot fund flows continue to support the trend above $86,000, or is the recent rise to $87,000 just a temporary move?

So far, there are no additional confirmations regarding the persistence of this momentum or the size of the incoming flows, making it crucial to monitor the upcoming data.

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