Bitcoin Price Prediction: BTC Soars Past $87,000, Will It Continue to Rise This Year?

TradingKey - Bitcoin Surges to Briefly Break $87,000; Where Is the Next Key Resistance Level?

On September 22, Bitcoin (BTC) strongly broke through the past month's resistance level of $82,000, surging over 5% intraday to briefly reach $87,000, setting an 8-month high. As of press time, Bitcoin price has pulled back, temporarily trading at $85,265.

Following a rate hike by the U.S. Federal Reserve (Fed) on September 16 and the failure of the U.S. Congress to pass the cryptocurrency bill "CLARITY Act," the market experienced a brief decline. However, as the market quickly digested this negative news, improving macroeconomic conditions and a rebound in risk appetite provided new support for Bitcoin prices.

Specifically, lower U.S. Treasury yields improved market liquidity conditions, while international crude oil prices fell noticeably by over 3%, lowering global inflation expectations and creating room for a rebound in risk assets. Yesterday, the three major U.S. stock indices rose across the board, with the Nasdaq Composite Index surging over 2%. As overall market risk appetite warmed up, capital simultaneously flooded into high-elasticity assets like Bitcoin, with U.S. spot Bitcoin ETFs recording a net inflow of approximately $1 billion yesterday, setting a single-day high since October 2025.