Bitcoin hovers at $88,898 as SEC mentions near 8,000 in 2025; is 2026 a supercycle?

Bitcoin trades around $88,898, up 1.43% over 24 hours, with a $1.77 trillion market cap. According to the article, SEC filings that reference blockchain reached about 8,000 by August 2025 and stayed elevated through November, helped by spot Bitcoin ETF activity. On the 4-hour chart, BTC sits above the 50/100 EMA, with resistance at $90,500 and $92,650.