Bitcoin Holds Above $84,000 as a $100,000 Breakout Comes Into View

By Isaac • September 29, 2026 7:12 am •

Bitcoin is refusing to behave like a risk asset that should be wilting under pressure.

Gold dropped nearly 4% on Monday as long-term bond yields pushed to their highest levels since 2007 and the dollar strengthened. Bitcoin slipped only about 1%, briefly touched $82,500, and then climbed back toward $84,000.

That relative strength matters because Bitcoin is no longer merely testing the top of its recent range. It has moved above the level that Fidelity’s Jurrien Timmer identified as the neckline of a double-bottom formation—a pattern that can point toward $100,000 when the breakout holds.

Bitcoin is looking particularly interesting here as it challenges key resistance at $80k. If it breaks it will confirm a