Bitcoin Is Rallying Again—What Happens Next?
Bitcoin surged to an eight-month high of $86,332, extending a rebound from around $62,000 in mid-August and pushing it back above $80,000. The rally has been amplified by a large short squeeze, with about $877 million in crypto liquidations in 24 hours, most of them bearish bets. Falling oil prices, lower Treasury yields, and broader risk-on sentiment are also supporting the move. Despite the strength, Bitcoin remains more than 30% below its October 2025 peak above $126,000 and is now technically overbought. That suggests a pause or pullback is likely, with the $79,071–$80,355 area identified as key support. If that zone holds, the bullish trend stays intact; if not, momentum could weaken. Traders are watching resistance that could open the way toward $90,000 to $95,000, while upcoming U.S.-China, inflation, and jobs data may drive the next move.
