Three signals pointing to a possible bitcoin move to $85,000

Bitcoin is showing a rare alignment across on-chain data, futures positioning, and options flows that points to further upside. What to know : Bitcoin has moved above key cost basis levels, strengthening the bullish case, blockchain analysts said. Funding rates have flipped from negative to neutral, easing sustained short pressure in futures markets, Bitfinex said. Dealers are short gamma around $82K, which can force hedging that adds buying pressure as price rises, analysts added.