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Bitcoin risks dropping below $80k as profit-taking and dormant wallets increase selling pressure.

Market News
13 Oct 2026
AMBCrypto
View Source
Bearish
Bitcoin risks dropping below $80k as profit-taking and dormant wallets increase selling pressure.

Bitcoin has been consolidating above $80,000 but lacks strong momentum to confirm a bottom, with $75,000 as a key support level representing the short-term holders' cost basis. Recent activity shows many short-term holders are taking profits, and dormant wallets holding large amounts of BTC have become active, increasing the risk of further selling pressure. If Bitcoin falls below $80,000, the next critical level to watch is $75,000, as continued profit-taking and low market liquidity could deepen the correction. Long-term holders' behavior will also influence whether supply remains tight or selling pressure intensifies.

Bitcoin trades at Rp1.489.538.353 on Pluang with a slight 0.99% gain as of Oct 14, 2026 01:23 WIB, while the platform shows a balanced order activity of 46% sell and 54% buy. This steady price aligns with the news of Bitcoin consolidating above $80,000 but lacking strong momentum. The typical hold time of 111 days on Pluang suggests many investors are holding through the current volatility rather than reacting immediately to short-term price moves.

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