Bitcoin Price Today: BTC Price Holds Key Support at $86K Amid Liquidity Clusters Targeting $97K

Bitcoin is currently holding a critical support band around $86K, despite encountering selling pressure between $88,500 and $89,000, which caused a mild pullback. Analyst Ted (@TedPillows) suggests that if this support fails, BTC could retest the significant psychological level of $85,000.

Near-term price action is defined by two major liquidity clusters: upside targets around $97,000–$98,000 and downside targets around $85,000. A strong break above the current resistance zone could target $93K, while a failure at $85K might lead to a sweep toward $83K or $80K. On-chain data shows long-term holders accumulating, contrasting with recent realized losses by short-term holders.

Technically, analysts emphasize that bulls need a decisive breakout above $93K to target the $97K–$100K zone, while maintaining the $85,000–$85,650 buffer is essential to prevent a rapid shift in momentum to the downside. The immediate trend hinges on BTC maintaining the $86K level amid macro uncertainty and upcoming economic data.

(Source：Brave New Coin)