Swissblock: BTC building momentum for potential rally to $86K

Crypto data analytics firm Swissblock has assessed that Bitcoin's (BTC) upward momentum is strengthening again. The firm noted on X that BTC's upward cycles typically unfold in phases: an initial rise, a correction, an acceleration, and a post-overheating correction, adding that BTC has now entered the momentum-building phase. According to the analysis, the key is not simply a price breakout but whether BTC can consolidate at certain price levels to maintain its upward energy. While currently testing a major resistance zone, the rally could continue to between $84,000 and $86,000 if the uptrend is sustained.