Bitcoin slipped to about $85,600 during Tuesday’s Asian morning session after sellers turned it back from just above $87,000 in U.S. trading on Monday, Oct. 5. That was the third rejection near $87,000 since Sept. 23, making the level a repeatedly tested resistance area—not a permanent ceiling. The figures describe specific sessions in a fast-moving market and can change quickly.
What happened to Bitcoin near $87,000?
CoinDesk reported that Bitcoin fell 1.2% to about $85,600 in Tuesday Asian morning trading after climbing just above $87,000 on Monday before retreating. The outlet counted three failed pushes past roughly $87,000 since Sept. 23. That pattern suggests sellers have repeatedly appeared in this price area over the period; it does not establish that Bitcoin cannot rise above it.
FxPro analyst Alex Kuptsikevich was quoted by CoinDesk in the report. The available quotation is incomplete, so no further characterization of his view is included here.
How to read a repeated rejection
Resistance is a price area, not a guarantee
When a price repeatedly approaches a level and then retreats, traders may treat that area as resistance: a zone where selling has so far outweighed buying. Three retreats near $87,000 provide evidence of repeated difficulty in that area since Sept. 23, but they do not prove that the same outcome will recur or identify why traders sold.
Free tools Windows power users keep installed
One-click scans. No signup required.
#1 Best Overall
- BITCOIN EXCLUSIVE, PHONE VERIFICATION: Bitkey is designed from the ground up exclusively for bitcoin — a dedicated hardware wallet for secure bitcoin storage. Approve transactions with a tap using your phone and NFC. No device screen is required.
- SELF-CUSTODY, NO EXCHANGE OR CUSTODIAN REQUIRED: You hold two of the three keys in the Bitkey system – one on your phone and one on your Bitkey device. The third is stored on Bitkey’s server and cannot move your bitcoin on its own.
- NO SEED PHRASE: Set up and use Bitkey without creating or storing a seed phrase.
- 2-of-3 MULTISIG: Three keys are stored separately across your phone, Bitkey device, and Bitkey’s server. Any two keys are required to move your bitcoin.
- BUILT-IN RECOVERY: Encrypted backup and recovery tools can help you regain access if you lose your phone or Bitkey device. You can also designate a Recovery Contact.
A failed push is not the same as a confirmed breakout
Reaching just above $87,000 and then falling back is different from holding above the area. The reported sessions show repeated retreats; they do not provide enough information to establish a sustained breakout, a change in trend, or a future price target.
What the stock-market comparison does—and does not—show
The title’s comparison places Bitcoin’s pullback alongside stocks hovering near records. Those simultaneous conditions do not, by themselves, show that stocks caused Bitcoin’s move or that the two markets are moving together. The reported Bitcoin figures concern Monday, Oct. 5 U.S. trading and Tuesday Asian morning crypto pricing; they are snapshots, not a live quote.
Rank #2
- Unparalleled Security: Protect your assets NDA-free EAL 6+ Secure Element, offering robust defense and complete transparency
- Simple & Secure Interface: Manage your digital assets easily with a clear OLED screen for secure on-device confirmations
- Supports 1000s of Coins & Tokens: Securely handle thousands of assets, including Bitcoin, Ethereum, and more, all in one wallet
- Effortless Asset Management: Monitor and transact seamlessly with Trezor Suite, our intuitive desktop and mobile app
- Enhanced Backup Solution: Rest assured with Multi-share Backup, eliminating single points of failure for secure cold wallet recovery
What personal-finance readers should take away
A short-term price pattern is not a personal investment plan. Anyone assessing Bitcoin should distinguish the reported session move from their own time horizon, capacity for loss, and need for cash. The observed $87,000 resistance area is a description of recent trading, not a promise about what Bitcoin will do next.
Quick Recap
Best Value
- Effortlessly build your crypto portfolio via the all in one Ledger Wallet app: buy, sell, send, receive, swap, stake and more across popular blockchains. 15,000+ coins & tokens in a single dashboard. Keep a close eye on the market. Compare service providers. Track performance. Get timely alerts. Build your portfolio with confidence.
- Effortlessly build your crypto portfolio via the all in one Ledger Wallet app: buy, sell, send, receive, swap, stake and more across popular blockchains. 15,000+ coins & tokens in a single dashboard. Keep a close eye on the market. Compare service providers. Track performance. Get timely alerts. Build your portfolio with confidence.
- Enjoy Bluetooth connectivity, iOS access, and hours of battery use with this mobile-first, secure backup signer. Freedom you can depend on.
- Genuine Check: confirm your signer is authentic during setup with the Ledger Wallet app.
- Protect your signer: keep it in mint condition at all times with a bespoke Pod or Case to avoid scratches and everyday wear and tear.
Rank #4
- Dual-chip architecture for maximum protection: The next-gen, fully auditable TROPIC01 chip works alongside a certified EAL6+ Secure Element—completely NDA-free—to deliver radically transparent, industry-leading defense against physical attacks.
- Quantum-ready security: Get protection against future threats with the first-ever hardware wallet designed with quantum-ready architecture.
- See every detail with confidence: Our largest high-resolution color touchscreen makes it easy to navigate your assets, review transactions and manage your coins with clarity.
- Wireless freedom with encrypted Bluetooth control: Manage, buy, swap and stake securely using Trezor Suite on desktop or mobile. Qi2-compatible wireless charging keeps your Trezor powered up. No cables required—security meets convenience.
- Works seamlessly with Android, iOS and desktop: Connect wirelessly or via USB-C to your phone or computer. Manage your crypto anywhere with our companion Trezor Suite app.
Rank #3
- Unparalleled Security: Protect your assets with EAL 6+ Secure Element, offering robust defense and complete transparency
- Simple & Secure Interface: Manage your digital assets easily with a clear OLED screen for secure on-device confirmations
- Supports 1000s of Coins & Tokens: Securely handle thousands of assets, including Bitcoin, Ethereum, and more, all in one wallet
- Effortless Asset Management: Monitor and transact seamlessly with Trezor Suite, our intuitive desktop and mobile app
- Enhanced Backup Solution: Multi-share Backup eliminates single points of failure for secure cold wallet recovery
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
