Bitcoin surged to $86,332, its highest price since January, driven by a massive short squeeze that liquidated $877 million in crypto positions. The rally is supported by falling oil prices and easing inflation concerns, with key upcoming events like the Trump-Xi summit and inflation data potentially influencing the next moves. Despite being overbought, Bitcoin could test support levels before aiming for new highs near $95,000. Market optimism remains high, with traders betting on further gains this month.
Bitcoin's recent rally is the subject here. For readers following the broader cryptocurrency market, here is Pluang's market snapshot as of Sep 21, 2026 22:21 WIB: Among 50 major cryptocurrencies priced on Pluang, 46 rose and 3 fell today. Notable gainers include BAL (Balancer) up 11.14% at Rp16.297, AXS (Axie Infinity) up 9.84% at Rp19.270 with a 90% sell order activity, and VET (VeChain) up 9.68% at Rp159 with a 62% sell order activity.
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