Bitcoin's $87,000 Rally Hits Roadblock
Bitcoin's push towards $87,000 has hit a snag, with the price currently trading at $85,500. This level was reached on October 5, 2026, after a brief climb to $87,000. The key question now is whether this is a routine rejection or evidence that the rally needs to reset before another attempt.
Bitcoin had previously reached a peak near $87,400 in late September, but the current rally has stalled near the same zone, similar to last Wednesday's move to $85,500. This leaves BTC with short-term momentum but no confirmed breakout.
Trading volume is estimated at about $22 billion over 24 hours, with the market cap slowly climbing near $1.72 trillion. These figures show substantial activity, but volume alone does not establish that resistance has been cleared.