Bitcoin price fails to break higher after best weekly close in eight months
Summary
Bitcoin traded near $86,000, struggling to break above its weekly open around $86,500 as US bond yields climbed. The 30-year yield rose above 5.67%, near last week’s 24-year high, while the 10-year reached 5.31%. Analysts said elevated yields and oil prices were limiting risk-asset gains, with investors watching the upcoming Federal Reserve meeting minutes for clues on policy. Glassnode reported that Bitcoin buyer dominance and upward momentum had moderated, but said this did not signal an immediate trend reversal. Bitcoin had maintained its September gains despite continued profit-taking, with $87,570—the 2026 yearly open—remaining a key resistance level.
