Bitcoin trades near $86,044 Monday, up about 1.1% over 24 hours, after touching $86,999 and pulling back. That is the third approach to the $87,000 area in a week that has failed to hold, with support near $83,000 on the other side. What traders are watching above is not the round number itself but the cluster of leveraged short positions sitting near $90,000, which is the fuel for a squeeze if price gets there.