Bitcoin Holds Strong Above $86,000 After Explosive RallyBitcoin is trading at $86,461 after punching to an 8-month high near $87,400. The move comes after a sharp multi-day surge that lifted BTC more than 12% in a week and over 45% in the last 90 days

The daily chart shows a clear recovery from the June lows around $57,800. Price is now well above the 7-day ($82,717), 25-day ($79,400), and 99-day ($68,992) moving averages, confirming the short-term trend has flipped bullish.What’s driving the move?Strong spot Bitcoin ETF inflows (hundreds of millions in recent sessions)

A short squeeze that forced covering above $82,000–$85,000

Continued corporate buying (including more purchases by Strategy)

Broader risk-on sentiment after earlier regulatory and rate-hike headlines were absorbed

Key levels from the chart:24h High: $86,845

24h Low: $85,114

Recent peak: $87,395

Support zone: $82,000–$83,000 (near the 7-day MA)

Performance snapshot:7 days: +12.37%

30 days: +12.01%

90 days: +45.53%

1 year: still –23% from the October 2025 all-time high near $126,000

The market is showing resilience. After a brief pullback from the local high, buyers stepped back in and kept price above $86,000. Volume remains healthy and liquidations of shorts have eased, suggesting the recent squeeze may have run its course for now.Outlook

Bulls will watch whether BTC can hold the $85,000–$86,000 zone and make another attempt at $88,000–$90,000. A clean break above the recent high would open the door for a stronger move. Failure to hold $82,000 would signal the rally is cooling.This is not financial advice. Crypto remains highly volatile. Always do your own research

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