BTC price fights to reclaim 2026 open: Three things to know in Bitcoin this week — SkimNews
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- Bitcoin sealed its highest weekly close since late January at $86,532 on Bitstamp and briefly wicked to $87,000, but bulls have so far failed to turn the 2026 yearly open at $87,570 green after four attempts since Sept. 21
- Rekt Capital identifies $82,500 as key support to avoid revisiting the prior 2026 range of $60,000–$80,000, while a decisive break above the $86,700 resistance opens a higher range with $93,700 as the ceiling
- US Treasury yields hit 5.34% (10-year) and 5.69% (30-year) last week — levels not seen since 2002 — before rebounding to erase most of their post-payrolls decline, with the 10-year at 5.25% as of Monday
- CME FedWatch data shows odds of another 0.25% Fed hike at the October FOMC meeting dropping from 70% a week ago to 18% currently, though consensus still favors a December hike
- Girard Advisory Services CIO Timothy Chubb told CNBC the Fed will likely keep rates "higher for longer" given sticky inflation and volatile oil prices linked to the Middle East conflict
- Bitcoin's October seasonality defied historical norms with a 1.4% gain in the first three days versus an average -0.66% decline; CoinGlass data shows October has averaged 18.7% monthly gains since 2013, giving a 2026 target near $100,000
- September FOMC minutes are due Wednesday, with the next key inflation gauge — the Consumer Price Index — scheduled for Oct. 14
Why it matters: The $87,570 yearly open is a technical make-or-break decision for Bitcoin: reclaiming it opens a path to $93,700, while failing and losing $82,500 support risks a return to the $60,000–$80,000 range that defined most of 2026. With bond yields at their highest since 2002 and Fed officials still leaning hawkish despite collapsing October-hike odds, rate-path repricing — not crypto-native catalysts — is driving this week's tape.
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