Bitcoin struggled to move higher on Monday after recording its strongest weekly close in eight months, with the cryptocurrency trading around $86,000 as rising US bond yields weighed on risk assets. BTC was rejected near $86,570, while the 2026 yearly open at $87,570 remained a key resistance level.
US Treasury yields moved higher, with the 30-year yield rising above 5.67% and the 10-year yield returning to 5.31%. Analysts at QCP Capital said elevated oil prices and long-term yields continued to limit upside momentum despite weaker US employment data.
On-chain analytics firm Glassnode also reported weaker buyer momentum in recent days. However, it said the moderation did not indicate an immediate trend reversal, noting that Bitcoin has maintained its September gains despite continued profit-taking.
