#BTC
BTC price fights to reclaim 2026 open: Three things to know in Bitcoin this week
Bitcoin ($BTC ) is eyeing a key level as $BTC /USD is on the cusp of turning the 2026 yearly candle green.
Key points:
Bitcoin bulls have briefly revisited $87,000 on some exchanges, but the 2026 yearly open at $87,570 will provide ongoing resistance.
Traders are turning their attention to the bond market ahead of Wednesday’s 10-year note auction and Fed meeting minutes.
$BTC/USD brushes off a traditionally weak start to the month. October upside has historically averaged 18.7% since 2013.
2026 yearly open becomes Bitcoin’s next resistance hurdle
Bitcoin continues to battle range highs after sealing its highest weekly close since late January at $86,532 on Bitstamp. Data from TradingView shows brief wicks to $87,000 after the weekly close, as part of Bitcoin’s fourth attempt to break higher since Sept. 21. Bulls have so far failed to reclaim the yearly open at $87,570.
On lower time frames, liquidity hunts continue to dictate price action. Similar to last week, $BTC/USD saw liquidations of nearby short positions around $85,500, while walls of bids and asks thickened around spot price, keeping volatility constricted. Data from CoinGlass shows concentrations at $83,700 in addition to the yearly open.
Bitcoin continues to be sandwiched between the ~ $82500 key support and the ~ $86700 resistance ahead,” trader and analyst Rekt Capital wrote in his latest X analysis.
Rekt Capital sees $82,500 as key support to avoid revisiting the previous 2026 range between $60,000 and $80,000. A decisive move above $86,700, meanwhile, would open up the path to a higher range with $93,700 as its ceiling.#Write2Earn #EarningsSeason $BTC
BTC price fights to reclaim 2026 open: Three things to know in Bitcoin this week
Bitcoin ($BTC ) is eyeing a key level as $BTC /USD is on the cusp of turning the 2026 yearly candle green.
Key points:
Bitcoin bulls have briefly revisited $87,000 on some exchanges, but the 2026 yearly open at $87,570 will provide ongoing resistance.
Traders are turning their attention to the bond market ahead of Wednesday’s 10-year note auction and Fed meeting minutes.
$BTC/USD brushes off a traditionally weak start to the month. October upside has historically averaged 18.7% since 2013.
2026 yearly open becomes Bitcoin’s next resistance hurdle
Bitcoin continues to battle range highs after sealing its highest weekly close since late January at $86,532 on Bitstamp. Data from TradingView shows brief wicks to $87,000 after the weekly close, as part of Bitcoin’s fourth attempt to break higher since Sept. 21. Bulls have so far failed to reclaim the yearly open at $87,570.
On lower time frames, liquidity hunts continue to dictate price action. Similar to last week, $BTC/USD saw liquidations of nearby short positions around $85,500, while walls of bids and asks thickened around spot price, keeping volatility constricted. Data from CoinGlass shows concentrations at $83,700 in addition to the yearly open.
Bitcoin continues to be sandwiched between the ~ $82500 key support and the ~ $86700 resistance ahead,” trader and analyst Rekt Capital wrote in his latest X analysis.
Rekt Capital sees $82,500 as key support to avoid revisiting the previous 2026 range between $60,000 and $80,000. A decisive move above $86,700, meanwhile, would open up the path to a higher range with $93,700 as its ceiling.#Write2Earn #EarningsSeason $BTC
