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