Bitcoin's current price is $85,086.96, with a 0.39% increase in the last 24 hours. Here's a breakdown of the analysis :
Key Price Points:
Current Price: $85,086.96
Open Price: $84,754.52
High Price: $86,496.42
Low Price: $83,709.25
Technical Analysis:
Short-term: Bitcoin is showing a buy signal, with a 0.91% increase in the past 24 hours. The 1-week rating also indicates a buy signal.
Long-term: Bitcoin has increased by 29.19% over the last year, with a potential target of $90,000 or a possible drop to $78,000.
Market Trends:
Bullish Themes: Cryptocurrencies like Ethereum and Solana remain bullish, with Bitcoin's price hitting $85,000 amid Michael Saylor's latest signal.
Bearish Themes: Market uncertainty lingers, with total liquidations hitting $2.18 billion across crypto markets ² ¹ ³.