David Hoffman: A Daily Close Above $86.6K Is the Real Strength Signal for Bitcoin
🚨 The Level Everyone’s Watching: BTC Clears $86.6K Bankless founder David Hoffman just shared a sharp take on X: a clean daily close above $86,600 is the real signal that Bitcoin is starting to reclaim serious strength. But here’s the bigger one — locking in a daily candle above $87,400 would be what he called an “astronomically bullish” move for the market. Why these levels actually matter: Spot demand vs. fakeouts — Intraday spikes are easy to manufacture. A proper daily close shows real buyers are willing to hold the line overnight. Squeeze acceleration zone — Closing above $87,400 kills a bunch of short setups and can force a wave of buy-backs as traders scramble to cover. What’s your read? Do you think BTC holds a daily close above $87.4K this week… or are we due for a cooldown first? Drop your price target below 👇