Bitcoin hovered around $86,000 after reaching its strongest weekly close in eight months but faced resistance near $86,570 amid rising US Treasury yields hitting 24-year highs. The 30-year bond yield climbed to 5.67%, pressuring risk assets despite weak US employment data lowering the chance of an October rate hike to 23%. Analysts suggest Bitcoin could rise to $90,000–$93,000 if bond yields decline and inflation eases, though breaking above $87,400 is needed to confirm momentum. US spot Bitcoin ETFs saw $2.65 billion inflows in September, yet this hasn't pushed prices past resistance. Market watchers remain cautious as inflation or hawkish Fed signals could push Bitcoin back toward $84,000.
Bitcoin price action is noted as of Oct 06, 2026 13:41 WIB. For readers following cryptocurrency markets, here is Pluang's market snapshot: out of 50 major cryptocurrencies, 14 rose and 35 fell today. Notable movers include XLM (Stellar) at Rp3.843 with a 1-day change of -4.31% and Pluang order activity showing 72% Sell / 28% Buy, GRT (The Graph) at Rp521 with -4.23% and 71% Sell / 29% Buy, and ALGO (Algorand) at Rp2.290 with -3.17% and 88% Sell / 12% Buy. The most notable figure is ALGO's 88% sell order activity.
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