Checked it on the weekly candles. The week of September 28 closed at 86,530, and the last weekly close above that level was January 19, 2026 at 86,670. So the claim holds: best weekly close in a bit over eight months. What came after is the part worth adding. The current week opened at 86,530 and $BTC is at 83,978, so the follow through has not arrived. Today's low at 83,577 is the weakest print since October 1.
The level that decides it is not the weekly close, it is 86,999. Price traded above 86,800 in five separate sessions since September 21 and closed below every time: September 21, September 23, October 2, October 4 and October 5.
Breakout or trap resolves there. A weekly close above 87,000 changes the structure. Until that happens it is a range with a well defended top.
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The level that decides it is not the weekly close, it is 86,999. Price traded above 86,800 in five separate sessions since September 21 and closed below every time: September 21, September 23, October 2, October 4 and October 5.
Breakout or trap resolves there. A weekly close above 87,000 changes the structure. Until that happens it is a range with a well defended top.
Follow me for daily market breakdowns.
#bitcoin #btc #crypto #altcoin