Bitcoin · Federal Reserve (FED) · Cointelegraph
BTC price fights to reclaim 2026 open: Three things to know in Bitcoin this week
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Bitcoin bulls renewed pressure on range highs with the 2026 yearly open forming the next key resistance to break through.
Key facts
- Rekt Capital sees $82,500 as key support to avoid revisiting the previous 2026 range between $60,000 and $80,000
- CoinGlass data shows that on average since 2013, Bitcoin has ended October 18.7% higher, giving a 2026 target of under $100,000
- Bitcoin continues to be sandwiched between the ~ $82500 key support and the ~ $86700 resistance ahead,” trader and analyst Rekt Capital wrote in his latest X analysis
- Data from CME Group’s FedWatch Tool shows that a week ago, odds of another 0.25% hike at the October FOMC meeting reached 70% before dropping to current levels of 18%
Summary
Bitcoin (BTC) is eyeing a key level as BTC/USD is on the cusp of turning the 2026 yearly candle green. Bitcoin bulls have briefly revisited $87,000 on some exchanges, but the 2026 yearly open at $87,570 will provide ongoing resistance. Traders are turning their attention to the bond market ahead of Wednesday’s 10-year note auction and Fed meeting minutes. BTC/USD brushes off a traditionally weak start to the month.