Bitcoin price fails to break higher after best weekly close in eight months

Bitcoin ($BTC) fluctuated around $86,000 after Monday’s Wall Street open as US bond yields continued to rise.

Key points:

  • Bitcoin rejected near its weekly close of $86,570 after the start of the US trading session.
  • US bond yields staged a rebounBitcoin price action continued with smaller moves, with the 2026 yearly open at $87,570 lingering overhead as key psychological resistance.d to eye new 24-year highs after dropping on Friday.
  • Glassnode analysis reported less “aggressive upward momentum” visible in onchain data in recent days.