Bitcoin: Hits $86,000 First Time in 8 Months
Bitcoin reaches $86,000 for first time in 8 months, up 49% in 3 months with $568 billion added to market cap amid bullish 4h chart signals.
SourceAnalysis
Bitcoin hits $86,000 for the first time in 8 months and stands 49% higher over the past three months after adding $568 billion to its market cap.
Price action shows BTC trading at $86250.62 with EMA50 at $79618.41 and EMA200 at $75750.91 defining the bullish structure. Momentum registers RSI(14) at 86.06 while MACD(12,26) prints 1471.2 on a golden cross. With price testing upper Bollinger resistance at $84649.42 while RSI flashes overbought, a healthy retracement to the 50-EMA support at $79618.41 seems probable before further continuation.
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