Bitcoin Price Hits $87,429 High, Eyes Breakout Above Resistance

**Bitcoin Surges to $85,830 Amid Market Optimism**

Bitcoin (BTC) is trading at $85,830, marking a 3.06% increase from the previous close. The cryptocurrency reached an intraday high of $87,429 and a low of $83,142, reflecting continued volatility driven by macroeconomic developments and institutional interest.

### **Key Market Influences**

- **Federal Reserve Policy:** The FOMC maintained interest rates at 4.25%-4.5%, sparking an 8% Bitcoin rally as liquidity expectations rose.

- **U.S. Strategic Bitcoin Reserve:** President Donald Trump’s announcement of a national Bitcoin reserve boosted investor confidence.

- **Regulatory Clarity:** The SEC dropping its appeal against Ripple Labs strengthened market sentiment, lifting Bitcoin and Ethereum.

- **Institutional Buying:** MicroStrategy added 130 BTC to its holdings, reinforcing bullish sentiment.

### **Technical Outlook & Future Projections**

- **Resistance at $86,565:** A breakout could push Bitcoin higher, while failure may trigger a decline toward $71,885.

- **Bullish Sentiment Above $80,000:** Holding this level supports an upward trend, but a drop below could signal caution.

- **Price Forecasts:** Analysts predict Bitcoin could reach $150,000 in 2025, though volatility remains a factor.

Bitcoin’s price action remains driven by institutional participation, regulatory shifts, and broader economic conditions, making it a crucial asset in the evolving financial landscape.