Bitcoin is currently testing the upper boundary of its trading range near $80,000, a key technical level after recently breaking above it. The market has seen about $2 billion in liquidations, signaling volatility and potential weakness if Bitcoin falls back below this range. Support at $80,000 is critical; failure to hold could lead to a drop toward $76,000-$78,000. This level will determine whether the recent breakout is sustained or fails, influencing Bitcoin's next move.
Bitcoin bulls face a critical test near $80,000 as the cryptocurrency recently broke above this key level. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 12, 2026 21:12 WIB: out of 50 major cryptocurrencies priced on Pluang, 31 rose and 18 fell today. Notable movers include XTZ (Tezos) with a 1-day change of +7.77% and Pluang order activity of 0% Sell / 100% Buy, ALGO (Algorand) up 7.48% with 42% Sell / 58% Buy, and ONE (Harmony) down 6.93% with 35% Sell / 65% Buy.
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