Why Is Bitcoin Up Today? BTC Price Hits Highest Level Since January Above $87,000

Bitcoin rose 6.7% on Monday to close at $86,620 on Binance, its highest daily close since January 28, after trading as high as $87,396. On Tuesday morning it eased 1.3% to about $85,500 by 06:37 UTC.

The rally came as a fourth straight fall in oil prices pushed the US 10-year Treasury yield back below 5%, while roughly $648 million of bearish bets were liquidated during the day, according to CoinGlass data cited by 24/7 Wall St. Strategy also disclosed a purchase of 950 BTC.

For my chart, Monday's close matters more than the intraday high. It fired the trigger I set out last week and opened the way toward the $98,000 to $99,500 resistance zone.

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What Pushed Bitcoin Higher on Monday?

The move started from a technical milestone. Bitcoin ended the week on Sunday at $81,159, above its 50-week moving average of about $78,786. It was the first such weekly close since November 9, 2025, according to Galaxy Research.

Alex Thorn, head of research at Galaxy, said the 50-week average has historically acted as a ceiling during major drawdowns. Galaxy counted 13 weekly closes back above it since 2011, and in 11 of them bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term did not go on to set a new low.