Bitcoin has failed to break above the $87,000 level for the third time since September 23, encountering persistent selling pressure in that zone. The total crypto market capitalization pulled back to approximately $2.93 trillion as BTC formed a pattern of rising local lows without generating sufficient upward momentum to clear the key resistance. The cryptocurrency faces headwinds from rising U.S. Treasury yields, with the 10-year rate climbing to 5.32%, near its highest level since 2002, even as U.S. equity indices performed strongly. Technical analysis indicates Bitcoin is approaching the apex of a triangle pattern formed by horizontal resistance and ascending support; a breakout from this formation could trigger increased volatility, but sustained buying is required to absorb supply at $87,000 before further upside toward eight-month highs can materialize.