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.Bitcoin indecisive as US bond yields return higherData from TradingView showed BTC/USD struggling to move beyond its weekly open level near $86,500 after the highest weekly close since late January.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewUS bond yields, already under scrutiny, headed higher on the day. The 30-year yield passed 5.67% once again, just two basis points below 24-year highs seen last week. The 10-year yield returned to 5.31%, with last week’s high at 5.34%.US 30-year bond yield one-hour chart. Source: Cointelegraph/TradingViewCommenting, trading company QCP Capital reiterated that even recent cooler US employment data had not been...