Bitcoin zooms toward $87,000, nearly setting an eight-month high, then reverses.
Bitcoin zoomed to nearly $87,000 early Monday, within about $500 of its eight-month high. It then reversed to just under $86,000 as of Monday Asian morning hours and is still up 1.3% over 24 hours. $DOGE led the majors with a gain of more than 3%, to just under 10 cents. $XRP , $BNB and ZEC each added between 1% and 2%, while ether and HYPE rose less than 1%. SOL and TRX were flat, according to CoinDesk data. The climb built through Sunday and sped up late in the day, carrying bitcoin past $86,000 to a peak just shy of $86,950. It has since shed about $1,000. It's the second push in a week to stall below the late-September high near $87,400. Last Wednesday, bitcoin jumped to $85,500 after a softer U.S. inflation report and gave the move back within hours. Softer U.S. jobs data on Friday eased some pressure on the Federal Reserve to keep raising rates. The 10-year Treasury yield fell two basis points to 5.25%, still close to its highest since 2002. Stocks extended their gains. The Nasdaq 100 closed at a record on Friday, MSCI's Asia Pacific equities index rose 1% and Japan's Nikkei 225 gained 2.5%. Brent crude slipped 0.7% to about $101.50 a barrel after Saudi Arabia cut prices of its benchmark grade to Asia. The dollar strengthened. A Bloomberg gauge of the U.S. currency rose 0.4% as the euro fell to its weakest since May 2025 on reports that Spain is preparing for an early election. A daily close above $87,000 would be the first sign that buyers can get through the late-September high. #Nikkei225Jumps2.5%ToThreeMonthHigh #DriftHackVictimsBeginClaims #SolanaTokenizedStockVolumeTops$4.4BInSeptember #EthereumValidatorExitQueueJumps392%
Bitcoin is about to get a major bullish signal it hasn't had in over a year.
Bitcoin $BTC $86024.31 is d0wn today, but its wider trend is telling a different story. The simple moving averages of its price over the past 50-, 100- and 200-days are one “crossover” away from a full bullish alignment, where the cryptocurrency’s short-, medium-, and long-term trends al point higher at once. It would be the first since 2025. That alignment is represented by the 50-day average sitting above the 100-day, and the 100-day sitting above the 200-day. It’s almost there. As of this writing, the 50-day average, at $79,495, is well above the other two. Meanwhile, the 100-day, currently at $79,493, his rising and on the verge of topping the 200-day at $79,539. When that happens, all three will be stacked in an order that showcases bullish momentum across all three time fraTraders use moving averages to read the direction of a trend. When short-term moving averages sit above the long-term ones, it signals that recent prices are stronger than older ones, a sign of upward momentum. The impending signal, therefore, suggests that bitcoin’s price recovery over the past three months is real. The token’s price has surged by more than 40% to $87,000 during the third quarter. Lately, the ascent has stalled at around $85,000 amid a sustained uptrend in the U.S. Dollar Index. “To state a fact, the latest signal confirms the recovery has endured,” Subburaj said. Some of the past alignments have marked the start of major rallies. One formed on Oct. 27, 2020, when $BTC traded around $13,600, and held until May 2021. By then, bitcoin had hit a then-record high above $64,000. Another, confirmed in early November 2023, stayed intact until May 2024, during which bitcoin more than doubled from roughly $35,000 to $73,000. Others have been far less rewarding. The bullish alignment that formed in June 2025 lasted 97 days, but bitcoin gained only modestly, rising from about $106,000 to $112,000. A similar set-up in June 2024 lasted just 20 days, and bitcoin fell about 10%.mes.He explained that the real test now is whether bitcoin’s spot price can continue to stay above its 50-day average.$BTC #Nikkei225Jumps2.5%ToThreeMonthHigh #DriftHackVictimsBeginClaims #SolanaTokenizedStockVolumeTops$4.4BInSeptember