Bitcoin Next Stop May Be $85K: Here’s Why
Bitcoin Bitcoin Next Stop May Be $85K: Heres WhyImproved Bitcoin mining profitability and massive ETF inflows have calmed investors fears that miner selling could cap BTC price.Bitcoin dominance hits its highest level since July 2025 as investor interest shifts away from struggling altcoin sectors. Bitcoin (BTC) surged to $80,000 for the first time in three months on Monday, triggering $270 million in liquidations across leveraged short (sell) futures contracts. This positive momentum for Bitcoin coincided with tech stocks jumping to an all-time high, signaling a broad risk-on environment. Currently, three key indicators point to further upside momentum for Bitcoin. Bitcoins price action maintained a tight correlation with the tech-heavy Nasdaq 100 Index. Yet while the US stock market nears its highest-ever level, Bitcoin sits 36% below its $126,200 peak from October 2025. Profitability for Bitcoin miners has also improved. The expected daily return for 1 pentahash/second has climbed to $37, a high not seen since Jan. 30. This shift is crucial because the total hashrate has dropped 13% over the last quarter. Major publicly listed mining firms have recently liquidated their Bitcoin treasuries to reduce debt and support AI data center investments. Bitcoin miners, ETF flows and options demand back BTCs momentum For a time, traders