Hoffman Sees Strength in Bitcoin if it Closes Above $86,600

David Hoffman, founder of Bankless, believes that a daily close above $86,600 for Bitcoin would signal strength in the market. According to him, a close above $87,400 would be extremely bullish. This comes as Bitcoin continues to trade at high levels, with many investors and analysts closely watching its price action. Hoffman's comments suggest that a daily close above $86,600 could be a key indicator of Bitcoin's momentum. However, it's worth noting that there is no specific date or timeframe mentioned for this potential close.