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Bitcoin (BTC) is eyeing a key level as BTC/USD is on the cusp of turning the 2026 yearly candle green.
Key points:
- Bitcoin bulls have briefly revisited $87,000 on some exchanges, but the 2026 yearly open at $87,570 will provide ongoing resistance.
- Traders are turning their attention to the bond market ahead of Wednesday’s 10-year note auction and Fed meeting minutes.
- BTC/USD brushes off a traditionally weak start to the month. October upside has historically averaged 18.7% since 2013.
2026 yearly open becomes Bitcoin’s next resistance hurdle
Bitcoin continues to battle range highs after sealing its highest weekly close since late January at $86,532 on Bitstamp. Data from TradingView shows brief wicks to $87,000 after the weekly close, as part of Bitcoin’s fourth attempt to break higher since Sept. 21. Bulls have so far failed to reclaim the yearly open at $87,570.Â
BTC/USD one-hour chart. Source: Cointelegraph/TradingView
On lower…
