Analysis: Three signals suggest Bitcoin may rise to $85,000.

CoinFeed reported on May 7th that, according to CoinDesk, Bitcoin has surged from approximately $63,000 to above $80,000 over the past three months, with multiple signals, including on-chain data, futures funding fees, and options gamma, pointing towards a $85,000 target. Bitcoin has broken through two key on-chain levels: the real market average of $78,200 and the short-term holder cost baseline of $79,100. Glassnode analysts pointed out that if the price remains above these two lines in the coming week, a bullish pattern will form, with the next major resistance level being the active realized price of $85,200. Bitfinex analysts stated that funding rates have returned to neutral or slightly positive from their persistent negative values ​​over the past three months, indicating that a large number of short positions have been closed, eliminating downward pressure on the market. If Bitcoin continues to rise, it could trigger a short squeeze.