Bitcoin briefly topped $87,000 on Friday after sellers partly filled and then pulled asks around $85,000, The Block reported, citing Glassnode.

U.S. employers added 29,000 jobs in September and the unemployment rate rose to 4.2%, the Bureau of Labor Statistics said.

QCP Capital put nearby resistance at $87,400 and called a Treasury-yield drop Bitcoin’s cleanest upside catalyst, Cointelegraph reported.

Bitcoin climbed through a week-long sell wall on Friday and briefly traded above $87,000 after a softer-than-expected U.S. jobs report eased pressure for another near-term Federal Reserve rate hike.

The Bureau of Labor Statistics said nonfarm payroll employment rose by 29,000 in September and the unemployment rate edged up to 4.2%, with both measures changing little over the month. Private payrolls added 46,000 jobs, while government employment fell by 17,000. Health care continued to add jobs, up 17,000, but at a slower pace than its prior 12-month average of 33,000. Economists tracked by QCP Capital had looked for roughly 84,000 to 93,000 new jobs, The Block reported; Cointelegraph put the consensus nearer 84,000. August’s previously reported gain of 162,000 was revised down to 133,000, Cointelegraph said.

Price had spent the prior week inside an $82,500 to $85,700 range, QCP said in a note cited by The Block. Bitcoin then topped $87,000 on Friday — its highest level since Sept. 23 — and was about 14.6% above its Sept. 15 low of $74,968, leaving it near its best price since January. The token later changed hands near $86,700. BeInCrypto said bitcoin jumped from about $86,450 to nearly $87,230 in the minutes after the release and was last at $86,767, up 3.48% on the day. Cointelegraph recorded a tap of $87,200 before price slipped back below $86,000.

The move followed a change in the spot order book. Glassnode said sellers partly filled asks around $85,000 and then pulled the rest, leaving less resistance overhead, The Block reported. The next cluster of sell orders sat around $87,000 and was about half the size of the old wall. QCP put resistance at $87,400, the September high, and support at $82,500, a level it said held three times this week. Cointelegraph, citing a CoinGlass heatmap, flagged a fresh band of ask liquidity near $87,300.

In a note quoted by Cointelegraph, QCP wrote that “for Bitcoin, a Treasury relief rally would provide the cleanest upside catalyst,” adding that the asset had already “demonstrated resilience through a real-rate shock that pressured gold.” The 10-year Treasury yield was near 5.2% and the 30-year near 5.573% as yields fell for a second day, Cointelegraph said.

Not every desk treated the miss as an automatic bid. “Weak print strengthens the no October hike scenario, but weak is not automatically bullish: soft-but-orderly supports the liquidity trade, a growth scare pulls risk assets, bitcoin potentially included,” Sygnum Bank Chief Investment Officer Fabian Dori told The Block.

Short sellers were caught in the first burst higher. BeInCrypto reported that traders betting against bitcoin lost $27.5 million in one hour as part of $32.51 million in total liquidations, with bitcoin accounting for $20.5 million of that figure. The setup still leaves overhead supply in play: a failure to clear the thinner $87,000 ask cluster would put the $82,500 shelf QCP flagged back in focus.