$BTC Back above 86,000—could the next rally be coming?

A few days ago, BTC fell to around 82,000. Market sentiment quickly turned fearful, but the price held its ground and then climbed back above 86,000.

This pullback actually flushed out some of the excessive leverage and short-term positions built up earlier. Now BTC is approaching its previous high again, ETH is back above $2,700, and capital is starting to spread from BTC into major coins and some altcoins.

What stands out to me is that this rebound hasn’t been limited to BTC. Trading volumes are picking up across AI, meme coins, L2s, and some low-cap coins, suggesting that risk appetite is returning to the market.

If BTC breaks through its previous high and climbs above 89,000, this rally could unfold faster than many people currently expect.

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