{"id":47758,"date":"2026-10-06T09:37:26","date_gmt":"2026-10-06T09:37:26","guid":{"rendered":"https:\/\/financialrush.com\/?p=47758"},"modified":"2026-10-06T09:37:26","modified_gmt":"2026-10-06T09:37:26","slug":"pi-networks-pi-token-remains-below-key-resistance-bitcoin-btc-returns-to-86k-market-watch","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=47758","title":{"rendered":"Pi Network\u2019s PI Token Remains Below Key Resistance, Bitcoin (BTC) Returns to $86K: Market Watch"},"content":{"rendered":"

\n<\/p>\n

Bitcoin’s price volatility continues in a relatively tight range after the asset was rejected at $87,000 yesterday but managed to bounce off the $85,000 support.<\/p>\n

Most larger-cap alts have remained untypically sluggish on a 24-hour scale, aside from BTW, which is up by 5%, and RAIN, which has dropped by 7%.<\/p>\n

BTC Eyes to Reclaim $86K<\/h2>\n

The previous business week ended with a rollercoaster ride for the primary cryptocurrency. After it was rejected at $85,600 last Wednesday following the release of the PCE data<\/a>, the asset started to climb back higher on Thursday and especially on Friday. It had tapped $87,000 even before the US jobs report went live. Once it did, and showed that the labor market was weaker than expected, BTC actually topped that level.<\/p>\n

However, what followed was somewhat surprising since the odds for another rate hike actually declined. Instead of continuing to rise, BTC slumped hard in the following hours and fell below $84,000. The bulls finally stepped up at this point and didn’t allow another leg down. Bitcoin recovered<\/a> some ground on Saturday to $84,000 and jumped to $85,000 on Sunday.<\/p>\n

Monday morning saw another breakout attempt, but the bears halted<\/a> the progress at $87,000 again. BTC dumped to $85,400 before it rebounded to $86,700, only to dip to $85,000. Since then, it has remained sideways between $85,000 and the current level of $86,000.<\/p>\n

Its market capitalization has calmed at $1.720 trillion on CMC, while its dominance over the alts stands still at 59%.<\/p>\n

<\/a>
BTCUSD October 6. Source: TradingView<\/figcaption><\/figure>\n

PI Still Below $0.09<\/h2>\n

As mentioned above, the altcoins, even though they went up and down quite a lot since yesterday morning, stand mostly sideways compared to precisely 24 hours ago. ETH is still above $2,700 despite a minor retracement, and XRP is at $1.50. BNB, SOL, DOGE, and LINK are slightly in the red, while RAIN has plummeted by 7%. In contrast, NEAR and BTW are up by 4-5%, while XMR is back at $580.<\/p>\n

Pi Network’s native token has failed to overcome the key $0.09 resistance. It tried to take it down on a couple of occasions in the past week, but was rejected and now sits at $0.088.<\/p>\n

FIL and ZRO have gained the most out of the top 100 alts, surging by 8-9%. The total crypto market cap stands still at $2.9 trillion on CMC.<\/p>\n

\"Cryptocurrency<\/a>
Cryptocurrency Market Overview October 6. Source: QuantifyCrypto<\/figcaption><\/figure>\n

 <\/p>\n

The post Pi Network’s PI Token Remains Below Key Resistance, Bitcoin (BTC) Returns to $86K: Market Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Bitcoin’s price volatility continues in a relatively tight range after the asset was rejected at $87,000 yesterday but…\n","protected":false},"author":2,"featured_media":47759,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-47758","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/47758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47758"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/47758\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/47759"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}