Bitcoin's Bull Run: Analyst Predicts 'It's Time' for $86K

Bitcoin's (BTC) surge past $70,000 has analysts predicting it could reach $86,000 and higher.

• Popular crypto analyst Jelle believes Bitcoin is mirroring its 2017 bull market pattern and is poised for significant growth.
• Bitcoin has broken through all resistance levels except for its all-time highs.

Jelle predicts that once Bitcoin surpasses $72,000, it will likely reach around $86,000.

This analysis is significant as investors and traders closely watch Bitcoin to break out of its range and set a new all-time high.

Additionally:

• Daily active addresses increased by 3.7%.
• Exchange netflows increased by 209.1%.
• 98% of Bitcoin holders are in profit.
• Bitcoin long liquidations are at multi-week lows, while open interest is at its highest since April 1.