Bitcoin has broken above $86,000 after a move that pressured short sellers, but the rally’s next stage may depend on continued demand from spot buyers, according to CoinDesk. Analysts cited in the report said Bitcoin could test $90,000 if buying in the underlying market remains strong. At the same time, leverage is building, adding a risk factor to the advance. The market’s ability to attract fresh spot demand could therefore determine whether the breakout extends or loses momentum. Bitcoin remains the primary asset in focus, while the broader crypto market includes Ethereum and other related tokens such as Deapcoin, Nexus Labs and Ontology. Traders are watching the balance between direct buying and leveraged positioning as Bitcoin consolidates its move above $86,000.
