Bitcoin Price Forecast: New SEC Ruling Sends BTC Soaring Above $85,000

Key Summary

Bitcoin trades near $86,044, up 1.1% over 24 hours, with a brief spike to $86,999. The short-term forecast centers on whether buyers can push through resistance to reach the $90,000 liquidation cluster, which could trigger forced buying and accelerate a rally. Glassnode data flags smaller clusters near $83,000 and $75,000, which could trigger long liquidations and accelerate a decline. Bitcoin's market cap is $1.72 trillion, with daily volume rising 81% to $22.2 billion, and the asset has gained 2.9% over the past week.