Bitcoin nears $87,000 as bulls target 2026 yearly open at $87,570
- —BTC briefly hit $87,000 but failed to reclaim the 2026 yearly open at $87,570
- —BTC rose 1.4% in the first three days of October vs a historical average of -0.66%
- —October has averaged an 18.7% gain for bitcoin since 2013
- —US 10-year Treasury yield stands at 5.25%, the highest since 2002
Why it matters: The $87,570 level is key to flipping the yearly trend; the Fed minutes on Oct. 7 and the 10-year auction will set direction.
Source: CryptoHamster