BTC price fights to reclaim 2026 open: Three things to know in Bitcoin this week

Bitcoin (BTC) is eyeing a key level as BTC/USD is on the cusp of turning the 2026 yearly candle green.

Key points:

• 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. October upside has historically averaged 18.7% since 2013.

2026 yearly open becomes Bitcoin’s next resistance hurdle

Bitcoin continues to battle range highs after sealing its highest weekly close since late January at $86,532 on Bitstamp. Data from TradingView shows brief wicks to $87,000 after the weekly close, as part of Bitcoin’s fourth attempt to break higher since Sept. 21. Bulls have so far failed to reclaim the yearly open at $87,570. 

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

On lower time frames, liquidity hunts continue to dictate price action. Similar to last week, BTC/USD saw liquidations of nearby short positions around $85,500, while walls of bids and asks thickened around spot price, keeping volatility constricted. Data from CoinGlass shows concentrations at $83,700 in addition to the yearly open.