Bitcoin fell about 2% to around $84,035, slipping below the crucial $85,000 level as momentum weakened. The price is trading within a tight range and recently bounced from a lower trendline, suggesting a potential breakout if it holds. However, the decline triggered $500 million in long position liquidations, increasing selling pressure. Key support near $83,900 is critical; failure to hold could lead to further declines, while reclaiming $85,000 may restore bullish momentum. Technical indicators show mixed signals with weakening short-term momentum and Bitcoin nearing oversold conditions, indicating cautious market sentiment ahead.
Bitcoin's recent price retest comes amid a broad market downturn where only 5 of 50 major cryptocurrencies on Pluang rose today. As of Oct 07, 2026 21:23 WIB, notable decliners include SXP (Solar) down 46.27% to Rp37 with a typical hold time of 94 days, ENJ (Enjin Coin) down 11.93% to Rp523 with 69% sell order activity, and EGLD (MultiversX) down 11.73% to Rp71,582 with 57% sell order activity. This snapshot reflects a predominantly bearish sentiment across the sampled crypto assets on the platform.
BNP Paribas lowered Hormel Foods' price target from $26 to $23, indicating a potential 16.2% upside from its current price of around $19.80. Despite a 50.5% decline in its share price over five years, Hormel Foods remains attractive for dividend inve...
Barclays initiated coverage of Becton, Dickinson and Company (BDX) with an "Underweight" rating, indicating a cautious outlook for the medical technology stock. BDX is partnering with the U.S. government to boost domestic manufacturing and strengthen...
Morgan Stanley increased its price target for Eli Lilly to $1,430 from $1,419, maintaining an Overweight rating. This new target implies a potential upside of about 20.8% from the current share price of around $1,184. The adjustment reflects updated ...
Jito Labs has introduced JTX, a new self-custodial trading platform on the Solana blockchain. The platform supports spot trading of tokens, memecoins, tokenized equities, and ETFs, providing professional-grade execution tools. This launch aims to emp...
Evernorth's $1 billion XRP-only fund, initially set to debut on NASDAQ on October 8, 2026, has been postponed to October 12 due to an administrative delay. This delay does not affect the recent merger approval by Armada II shareholders or the fund's ...
