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Bitcoin stalls below $87,100 as profit-taking rises, testing support at $83,000 for recovery continuation.

Market News
04 Oct 2026, 02:00 WIB
AMBCrypto
View Source
Neutral
Bitcoin stalls below $87,100 as profit-taking rises, testing support at $83,000 for recovery continuation.

Bitcoin failed to break the $87,100 resistance and dropped nearly 4% to around $83,800, though it held above the $83,000 support zone. Short-term holders have increased profit-taking, with realized profits rising to $1.05 billion, adding selling pressure near resistance. Accumulation and distribution activity has stabilized, suggesting cautious buying rather than aggressive selling. Bitcoin must maintain support above $83,000 and stable demand to sustain its recovery and attempt another test of the $87,100 resistance level.

Bitcoin’s recent price action provides context for Pluang's broader cryptocurrency market data. For readers following digital assets, here is Pluang's market snapshot as of Oct 04, 2026 04:51 WIB: out of 50 major cryptocurrencies priced on Pluang, 44 rose and 4 fell today. Notable gainers include KSM (Kusama) at Rp93.959 with a 5.24% increase and a typical hold time of 80 days, AVAX (Avalanche) at Rp198.626 up 4.81% with 70% buy order activity and a typical hold time of 87 days, and THETA (Theta Network) at Rp4.063 rising 4.42% with balanced buy/sell order activity and a typical hold time of 77 days.

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