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Bitcoin (BTC) is coiling below its 2026 open days before the Q3 candle close as new resistance caps BTC price upside.
Key points:
- Bitcoin seals its highest weekly close since late January at $84,450 but drops to one-week lows of $82,557 after liquidity shifts on exchange order books.
- Markets see 70% odds of a 0.25% Fed interest-rate hike in October prior to this week’s August PCE inflation and September nonfarm payrolls data.
- Bitcoin must defend $82,500 to repeat its 2022 bear-market recovery pattern, says analysis by Rekt Capital.
BTC price upside cools with Q3 gains above 40%
Bitcoin saw downside pressure after Sunday’s weekly close as crypto joined US stock-market futures in falling on the potential for fresh US strikes on Iran.
BTC/USD fell under $83,000 to reach one-week lows, per data from TradingView. At $84,450, the weekly close was still the pair’s highest since late January.
BTC/USD one-week chart. Source:…
