Bitcoin Pulls Back After Failing Twice to Break Late-September High Near $87,400

Bitcoin briefly climbed to nearly $87,000 last week, coming within roughly $500 of the late-September swing high near $87,400, before retreating under selling pressure, according to CoinDesk. Analysts said the move extended an earlier rebound and marked BTC’s second failed attempt within a week to clear that late-September peak. In the earlier try, softer-than-expected U.S. inflation data helped lift Bitcoin to around $85,500, but that rally also faded within hours. The report added that weaker U.S. employment data has reduced pressure on the Federal Reserve to keep raising interest rates, offering support to risk assets. Analysts said a daily close above $87,000 could serve as an important signal that buyers are in position to break through the late-September high.