Bitcoin posts its best weekly close since January
$Bitcoin posted its best weekly close since January, at around 86530 dollars, before once again failing below the 87000-dollar zone. Rising U.S. bond yields and easing buying pressure are currently preventing the market from breaking above its opening price for the year.
Bitcoin posts its best weekly close since January, at around 86530 dollars.
The price once again fails below the key 87000-dollar zone.
Buying pressure is slowing, while profit-taking remains elevated.
U.S. bond yields are holding back Bitcoin’s advance.
The Fed and upcoming inflation data could determine the next trend.
Bitcoin price fails below major resistance
Bitcoin closed the week at around 86532 dollars on Bitstamp, its highest weekly level since late January. It then approached 87000 dollars at the start of Monday’s Asian session before settling back around 86000 dollars.
This attempt marks the fourth failure observed since September 21 in the same zone. Several technical levels now define the market:
87570 dollars: Bitcoin’s opening price in 2026;
87363 dollars: high recorded in late September;
86700 dollars: immediate resistance cited by some analysts;
82500 dollars: main consolidation support;
79500 dollars: zone of the 50-, 100- and 200-day moving averages.
The opening price for the year represents a significant psychological resistance level. A sustained break above it would allow Bitcoin to erase its decline since the start of the year. Conversely, another failure could prolong consolidation between 82500 and 87000 dollars.
$CIEN.US
$FALN.ETF
$ZOCT.ETF
#bitcoin
$Bitcoin posted its best weekly close since January, at around 86530 dollars, before once again failing below the 87000-dollar zone. Rising U.S. bond yields and easing buying pressure are currently preventing the market from breaking above its opening price for the year.
Bitcoin posts its best weekly close since January, at around 86530 dollars.
The price once again fails below the key 87000-dollar zone.
Buying pressure is slowing, while profit-taking remains elevated.
U.S. bond yields are holding back Bitcoin’s advance.
The Fed and upcoming inflation data could determine the next trend.
Bitcoin price fails below major resistance
Bitcoin closed the week at around 86532 dollars on Bitstamp, its highest weekly level since late January. It then approached 87000 dollars at the start of Monday’s Asian session before settling back around 86000 dollars.
This attempt marks the fourth failure observed since September 21 in the same zone. Several technical levels now define the market:
87570 dollars: Bitcoin’s opening price in 2026;
87363 dollars: high recorded in late September;
86700 dollars: immediate resistance cited by some analysts;
82500 dollars: main consolidation support;
79500 dollars: zone of the 50-, 100- and 200-day moving averages.
The opening price for the year represents a significant psychological resistance level. A sustained break above it would allow Bitcoin to erase its decline since the start of the year. Conversely, another failure could prolong consolidation between 82500 and 87000 dollars.
$CIEN.US
$FALN.ETF
$ZOCT.ETF
#bitcoin