Bitcoin fell below $83,000 to start the week amid US-Iran war developments but remains up more than 40% for Q3 ahead of key inflation and jobs data.
Bitcoin (BTC) is coiling below its 2026 open days before the Q3 candle close as new resistance caps BTC price upside.
Bitcoin saw downside pressure after Sunday’s weekly close as crypto joined US stock-market futures in falling on the potential for fresh US strikes on Iran.
BTC/USD fell under $83,000 to reach one-week lows, per data from TradingView. At $84,450, the weekly close was still the pair’s highest since late January.
BTC/USD one-week chart. Source: Cointelegraph/TradingView
On low time frames, bands of liquidity that were added and then removed from exchange order books present an artificial barrier to further BTC price upside. On Monday, $30 million in ask liquidity appeared clustered at around $85,700, per data from CoinGlass, with spot price immediately accelerating its decline as a result.
BTC liquidation heatmap. Source: CoinGlass
The coming week will feature two more key candle closes. Wednesday marks both the monthly close for September and the Q3 quarterly close. Both are set to occur around significant BTC price levels.
Above current spot price lie the 2026 yearly open at $88,700 and the cost basis for US spot Bitcoin exchange-traded fund (ETF) investors around $86,000. Below lie the cost basis for Bitcoin corporate treasuries at $80,500 and the True Market Mean, the aggregate cost basis for active investors, near $76,700.
Bitcoin’s most recent buyers, who acquired BTC between one and four weeks ago and who traditionally react more to sudden price volatility, remain in aggregate profit, with a cost basis at $78,300, per data from onchain analytics platform CryptoQuant.
Bitcoin investor cost basis by age (screenshot). Source: CryptoQuant
BTC/USD remains up by just over 40% this quarter, representing its best Q3 performance since 2017. The figure is significantly higher than the pair’s average Q3 performance, which since 2013 has been just 8.6%. By contrast, Q4 returns have averaged 77% over the same period, CoinGlass shows.
Source
This article is syndicated for educational reading. For the latest updates, visit the original publisher.
Read on cointelegraph.com
