Bitcoin hit $126,080 a year ago and now trades near $85,700. Will it close above $88,000 on Oct 12?
62% of users predicted NO — the community got this one right. 8 predictions cast.
Bitcoin did not close above $88,000 on October 12, 2026. The cryptocurrency traded in the low-to-mid $80,000s through much of early-to-mid October, briefly touching about $86,460 on October 2 ahead of a U.S. jobs report before pulling back. By October 13, Bitcoin was changing hands around $83,000 to $83,500, having faced repeated selling pressure near $84,000, with resistance identified in the $86,000 to $87,000 range.
The question referenced Bitcoin's prior peak of $126,080 reached a year earlier, a level the asset has not approached again amid a prolonged pullback through 2026. Price action tracked broader macro sentiment, including anticipation of the Federal Reserve's late-October policy meeting and a closely watched consumer price index report, both cited by traders as near-term catalysts that kept the asset rangebound below $88,000 rather than breaking higher.
This extended a months-long pattern in which Bitcoin has struggled to reclaim levels last seen in late 2025 and early 2026, with analysts pointing to softer institutional inflows and broader risk-asset caution as factors keeping prices below prior highs.
The Predict Six community correctly leaned "no," with only 38% predicting Bitcoin would close above $88,000.