Bitcoin: Touches $86k With 10% Weekly Gain
Bitcoin reaches $86k up over 10% from last Sunday as spot and perpetual buyers dominate while leverage climbs and ETF flows diverge.
SourceAnalysis
Bitcoin touches $86k, up more than 10% from last Sunday's close with spot and perpetual buyers leading the move.
Leverage and profit-taking rise alongside price while Bitcoin ETF flows remain the sole metric pointing lower, highlighting a divergence in institutional positioning over the past six months.
Price action on the 4h chart shows BTC testing upper Bollinger resistance at $85136 while RSI(14) sits at 85.26 in overbought territory and MACD confirms a golden cross; this confluence points to a probable healthy retracement toward the EMA50 support at $79852 before continuation higher, with the EMA200 at $75846 acting as deeper structural floor.
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