Bitcoin's price has climbed over 1% in the last 24 hours, reaching $87,008, with trading volume surging by 50% to $66.8 billion. This rise comes as MicroStrategy CEO Michael Saylor declared his firm's continued commitment to Bitcoin, following their recent acquisition of 8,178 BTC for $835.6 million. The market is also reacting to comments from New York Fed President John Williams, which have increased the likelihood of a December rate cut to 75.5%. Bitcoin's dominance has grown to approximately 59% amid market consolidation. Despite trading below key moving averages, analysts predict a potential 6.24% increase to $92,039 if Bitcoin surpasses the 50-day SMA.