Bitcoin has been fighting around the $86K–$87K resistance zone over the last several hours. BTC attempted to break above $87,000 for the third time, but sellers stepped in again, pushing the price back toward approximately $85.6K.
The major market catalyst is U.S. macroeconomic data. Weaker jobs data has reduced expectations for a Fed rate hike in October, which has supported risk assets, including crypto. However, elevated U.S. Treasury yields are still creating pressure on Bitcoin’s upside.
Trader View: A strong breakout and hold above $87K could open the way toward the $90K–$93K zone. On the downside, a break below $86K could bring the $83.9K support area back into focus.
Bottom Line: BTC is currently in a range + breakout-attempt phase. Holding above $87K would be a bullish confirmation, while another rejection could lead to further consolidation or a retest of lower support levels.
Not financial advice.
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