PANews|Oct 06, 2026 00:49
[Analysis: Bitcoin's two attempts to break through the late September high failed, retreating after surging near $87,000]
According to CoinDesk, Bitcoin briefly surged to nearly $87,000 last week, approximately $500 away from the late September peak of around $87,400, before encountering selling pressure and retreating. Analysts pointed out that this rally continued the previous rebound trend, marking BTC's second attempt within a week to break through the late September high without success. Previously, lower-than-expected U.S. inflation data had pushed BTC to around $85,500, but it retreated within hours. Weak U.S. employment data reduced pressure on the Federal Reserve to continue raising interest rates, providing support for risk assets. If Bitcoin's daily close holds above $87,000, it could signal a key moment for buyers to break through the late September high.
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