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Bitcoin Pulls Back to $86,000 After Nearing Eight-Month High

Bitcoin climbed to the brink of an eight-month high near $87,000 before giving back part of the advance and slipping back toward the $86,000 level.

bloomingbit

Publisher

Oct 5, 2026 at 5:45 AM UTC · 2 min de lectura

Bitcoin Pulls Back to $86,000 After Nearing Eight-Month High
Image via bloomingbit

Key Signal

$86,950 Early Asian BTC price

Entities

bitcoin

Market Impact

BTC+0.84%$83,026

Last Updated

hace 9 días

  • Bitcoin (BTC) approached an eight-month high before giving back part of its gains and retreating toward the $86,000 level.
  • Dogecoin (DOGE) led gains, while XRP, BNB, ZEC and Ether (ETH) also rose 1% to 3%, whereas Solana (SOL) and Tron (TRX) were little changed.
  • The market is focused on whether Bitcoin can secure a daily close above $87,000, which could provide the first signal that it may break above the late-September high.

Forecast Trend Report by Period

Bitcoin climbed to the brink of an eight-month high near $87,000 before giving back part of the advance and slipping back toward the $86,000 level.

CoinDesk reported on October 5 that Bitcoin rose to about $86,950 in early Asian trading. That was roughly $500 below the eight-month high of $87,400 reached in late September. It later fell about $1,000 to below $86,000, though it was still up 1.3% over the past 24 hours.

It was the second time in the past week that Bitcoin's advance stalled near $87,400. Last Wednesday, it jumped to $85,500 after softer-than-expected US inflation data, only to give up those gains within hours.

Among major altcoins, Dogecoin led the gains with a rise of more than 3%. XRP, BNB and Zcash each added 1% to 2%, while Ether and Hyperliquid rose less than 1%. Solana and Tron were little changed.

Market Context

Bitcoin

BTC

$83,026

+0.84% (24H)

Market Cap

$1.67T

Circulating Supply

20.1M BTC

24H Volume

$32.7B

24H High

$84,053

View Bitcoin Market Page

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