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Bitcoin bulls eye the 2026 yearly open as resistance
Bitcoin has made a fourth attempt since Sept. 21 to push higher, after posting its highest weekly close since late January at $86,532 on Bitstamp.
Cointelegraph reports Bitcoin bulls are pressing back against range highs, with the 2026 yearly open at $87,570 identified as the next key resistance level to clear.
Bitcoin/USD is attempting to turn the 2026 yearly candle green, after securing its highest weekly close since late January at $86,532 on Bitstamp. The article notes brief wicks toward $87,000 following the weekly close.
According to TradingView data cited by Cointelegraph, the move marks the fourth attempt since Sept. 21 to break higher, but bulls have not yet reclaimed the yearly open.
On lower time frames, the article says liquidity hunts are shaping price action, including liquidations of nearby short positions after the weekly close.
Latest closeBitcoin $85,938.53 ▼0.6%