Bitcoin sealed its highest weekly close since late January at $86,532 on Bitstamp, but bulls have failed to reclaim the yearly open at $87,570, with price remaining range-bound between $82,500 support and $86,700 resistance. US 10-year and 30-year bond yields hit 5.34% and 5.69% respectively, levels not seen since 2002, while the odds of another Fed rate hike in October dropped from 70% to just 18%. Bitcoin posted a 1.4% gain in the first three days of October, outperforming the historical average of -0.66% for this period, with October traditionally being Bitcoin’s best month with an average return of 18.7% since 2013.
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