Bitcoin's recent price correction has highlighted a potential support level around $74,500, representing a roughly 7.34% drop from the recent high of $87,027 on October 5. This level is based on historical average drawdowns during previous bull cycles, which have ranged from 7.58% to over 20%. Analysts suggest this could be a key buying zone, especially between $74,000 and $75,000, as the market shows signs of moderating volatility and recovery. Institutional ownership growth may lead to smaller gains and shallower losses in future cycles, but Bitcoin remains subject to significant price fluctuations even amid rising adoption.
As of Oct 11, 2026 09:41 WIB, Bitcoin trades on Pluang at Rp1.482.730.730 with a modest 0.44% gain over the past day. The platform shows a strong buying interest with 72% of orders as buys and a typical hold time of 111 days, indicating steady investor confidence despite the recent volatility discussed in the article. Bitcoin's market cap on Pluang stands at Rp29.845,29 trillion, underscoring its significant presence in the digital asset market.
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