Bitcoin Soars to $86,000, Traders Warn of Leverage Buildup

Bitcoin's price has broken through the $86,000 resistance level, raising hopes that it could test the $90,000 mark. This comes as short sellers in the market are getting squeezed, which could lead to further price increases. The next leg of the rally, however, depends on whether spot buyers continue to enter the market, driving up prices. If leverage continues to build, it could lead to a sharp correction, analysts warn.