Bitcoin price tags $86K as analysis sees crypto in ‘new bull market’ — SkimNews
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- Bitcoin spiked to a 33-week high of $86,332 on Bitstamp, up 5.7% on Monday, crossing $86,000 for the first time since late January.
- WTI crude oil dropped as low as $91.59 per barrel after signals from Qatar's Foreign Ministry and Trump that US-Iran diplomatic talks could resume, helping lift the S&P 500 1% and Nasdaq 1.6%.
- Crypto short liquidations totaled nearly $800 million in 24 hours as The Kobeissi Letter cited 50% BTC gains over two months in declaring a 'new bull market.'
- Bitfinex Alpha set a downside invalidation level at $77,100 and warned that net taker buying—not profit-taking or short covering—is required to validate the breakout, noting advances on Sept. 18-19 were capped by profit-taking.
- Rekt Capital confirmed BTC/USD broke out of a macro downtrend in place since October 2025 and identified a next target range of $86,681–$93,659.
- Bitcoin's Sunday weekly close at $81,120 was its highest since early May, while US spot Bitcoin ETFs saw fresh capital inflows according to Bitfinex Alpha.
Why it matters: With nearly $800 million in short liquidations powering the move, the rally's durability hinges on whether fresh buying—not squeeze mechanics—emerges. Bitfinex Alpha's $77,100 invalidation level gives traders a concrete downside marker: a daily close beneath it would expose the True Market Mean at $76,677 and unwind the breakout thesis that Kobeissi and Rekt Capital are already endorsing.
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