Bitcoin (BTC) Price: BTC Nears $88K as Eight-Month High Fuels Breakout Hopes

Bitcoin is consolidating near $86,000 after reaching a 33-week high of $87,350. WTI crude briefly fell below $90, easing energy-driven inflation concerns. Bitcoin's MVRV ratio crossed above its 365-day moving average, a pattern seen in 2019 and 2023. BTC is on track for a rare July-to-September three-month winning streak.