#BITCOIN PRICE FAILS TO BREAK THROUGH A NEW THRESHOLD AFTER ITS BEST WEEKLY CLOSE IN EIGHT MONTHS
Bitcoin (BTC) traded around 86,000 $ after Wall Street opened on Monday, while U.S. bond yields continued to rise.
Key points:
Bitcoin was rejected near its weekly close of $86,570 after U.S. trading began.
U.S. bond yields rebounded and moved closer to new 24-year highs after falling on Friday. Bitcoin continued to trade in smaller moves, while the 2026 yearly open at $87,570 remained above the market and represented a key psychological resistance level.
Glassnode's analysis reported “less aggressive bullish momentum” in on-chain data in recent days.
Bitcoin (BTC) traded around 86,000 $ after Wall Street opened on Monday, while U.S. bond yields continued to rise.
Key points:
Bitcoin was rejected near its weekly close of $86,570 after U.S. trading began.
U.S. bond yields rebounded and moved closer to new 24-year highs after falling on Friday. Bitcoin continued to trade in smaller moves, while the 2026 yearly open at $87,570 remained above the market and represented a key psychological resistance level.
Glassnode's analysis reported “less aggressive bullish momentum” in on-chain data in recent days.