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Bitcoin Touches $87,000 Eight-Month High Before Falling Back

Original: Bitcoin Hit an Eight-Month High Above $87,000 on September 21 and Is Back Under $85,000. Was That the Week’s Top or the Quarter’s?

Bitcoin briefly climbed above $87,000 on September 21, its highest level in eight months, before slipping back under $85,000. Traders are now debating whether the spike marks the peak of the week or of the entire quarter, as the pullback raises questions about the strength of the rally and where the cryptocurrency heads next.

Why now: Bitcoin's sharp rally to an eight-month high followed by a quick retreat is fueling debate about whether further gains or a correction lie ahead.

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