Bitcoin is on track to post its first three-month winning streak since 2012, trading near $86,000 after reaching approximately $87,350, its strongest level in about eight months. BTC gained 4.8% in July, 25.2% in August and 10.9% in September. The comparable 2012 streak ended in October and was followed by a more than 2,000% rally over the next 165 days, but the limited historical sample does not establish that the pattern will recur. Bitcoin's MVRV ratio rose to about 1.62 from 1.19 on Aug. 16 and moved above its 365-day moving average, while traders monitored resistance between $87,000 and $88,000.