The total crypto market cap has climbed to $3.01 trillion, up 0.9% over the past day, with $141.8 billion in trading volume. Bitcoin sits at $85,980.96, Ethereum at $2,750.36, and $XRP at $1.54, and behind each of those numbers is a different technical setup.

Bitcoin: Officially Back In A Bull Market, But Running Hot

Bitcoin touched $87,000 this week, breaking above its old May resistance near $82,814, a level analysts have flagged as marking the official return of a bull market. On the daily chart, MACD has crossed bullish and Bitcoin has moved into overbought territory, which is why price has cooled slightly to around $85,500.

The broader structure has followed what’s known as a Wyckoff accumulation pattern, and if that continues…