Bitcoin Price Forecast: New SEC Ruling Sends BTC Soaring Above $85,000

Bitcoin trades near $86,044 on October 5, up about 1.1% over 24 hours. BTC briefly touched $86,999 before easing back. The short-term Bitcoin price forecast now centers on one question: can buyers push through resistance and reach the liquidation cluster waiting near $90,000? Glassnode data shows Bitcoin’s largest overhead liquidation cluster sits near $90,000. If the price reaches that level, leveraged short positions would be forced to close. That forced buying could speed up a rally. The risk runs both ways. Glassnode also flags smaller clusters near $83,000 and $75,000. A drop into either zone could trigger long liquidations and accelerate a decline. Bitcoin’s market cap stands near $1.72 trillion. Daily volume rose about 81% to $22.2 billion, while BTC gained roughly 2.9% over the past week. bitcoin:native's largest overhead liquidation cluster sits near $90k. If price touches this level, leveraged shorts will be forced to closes their positions. Zoom into the last two months and smaller clusters can be seen around $83k and $75k. Either side could speed up the… pic.twitter.com/v5c1PTZGHa — glassnode (@glassnode) October 4, 2026 Market Intelligence: Crypto Analyst Reveals Upcom...