Bitcoin Faces Hurdle at $86,500 as Renewed ETF Inflows Bring Demand

Bitcoin price faces a crucial hurdle at $86,500 as renewed U.S. ETF inflows bring demand to levels associated with sustained price gains.

According to Bitfinex analysts, about 1.39 million BTC sits within the $84,000-$86,500 purchase range, which they describe as overhead supply.

If Bitcoin can sustain buying above $86,500, this supply would return to profit, leaving a clearer route toward its yearly opening price of $87,722.