BTC price eyes best Q3 in nine years: Three things to know in Bitcoin this week

Bitcoin (BTC) is coiling below its 2026 open days before the Q3 candle close as new resistance caps BTC price upside.

Key points:

• Bitcoin seals its highest weekly close since late January at $84,450 but drops to one-week lows of $82,557 after liquidity shifts on exchange order books.
• Markets see 70% odds of a 0.25% Fed interest-rate hike in October prior to this week’s August PCE inflation and September nonfarm payrolls data.
• Bitcoin must defend $82,500 to repeat its 2022 bear-market recovery pattern, says analysis by Rekt Capital.

BTC price upside cools with Q3 gains above 40%

Bitcoin saw downside pressure after Sunday’s weekly close as crypto joined US stock-market futures in falling on the potential for fresh US strikes on Iran.

BTC/USD fell under $83,000 to reach one-week lows, per data from TradingView. At $84,450, the weekly close was still the pair’s highest since late January.

BTC/USD one-week chart. Source: Cointelegraph/TradingView

On low time frames, bands of liquidity that were added and then removed from exchange order books present an artificial barrier to further BTC price upside. On Monday, $30 million in ask liquidity appeared clustered at around $85,700, per data from CoinGlass, with spot price immediately accelerating its decline as a result.