Bitcoin retreats after testing $87,000; bull-cycle talk
Bitcoin pulled back slightly after rising to about $87,000. Analysts say BTC crossed above its 365-day moving average near $80.5K and is around $86,000, with some calling for a new “bull cycle” as the push toward $90,000 continues.
Bitcoin is edging lower after reaching as high as $87,000, its highest level since January. The move toward $90k has prompted analysts to say bitcoin may be entering a new “bull cycle”. 5K - and trades at $86K,” analysts said.