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Bitcoin price tests rising channel; bulls aim for $100K, bears threaten drop to $70K.

Technical Signals
14 Oct 2026
Crypto Daily
View Source
Neutral
Bitcoin price tests rising channel; bulls aim for $100K, bears threaten drop to $70K.

Bitcoin's price is currently moving within a rising channel pattern that could push it back to $100,000 if bulls maintain control. The price is near the channel's bottom and must hold above it and break a small descending trendline to reach resistance at $86,720. Key indicators like the 50-day moving average support the bullish case, but bearish signals from the Stochastic RSI and weekly momentum suggest a possible correction down to $70,000. Investors should watch the channel's lower trendline closely, as a break could signal a significant price drop.

Bitcoin trades at Rp1.493.094.359 on Pluang as of Oct 14, 2026 17:22 WIB, showing a slight 0.33% decrease in one day. Market participants are nearly balanced with 54% buying and 46% selling. The typical hold time on Pluang is 111 days, indicating moderate investor patience amid price fluctuations.

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