Bitcoin: Hits $86k With Spot Buyers Leading

Bitcoin touched $86k, gaining more than 10% from last Sunday's close as spot and perpetual buyers drove the move.

Leverage and profit-taking metrics have crept higher alongside price, yet ETF flows remain the outlier still showing net outflows.

With price testing upper Bollinger resistance at $85146.99 while RSI(14) flashes overbought at 85.51, a healthy retracement to the 50-EMA support at $79853.61 looks probable before further continuation; the MACD golden cross at 1635.79 keeps the broader bullish structure intact above the 200-EMA at $75846.67. Traders watching BTC price prediction models now focus on whether sustained spot demand can offset rising leverage and fading ETF appetite over the next quarter.