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Bitcoin faces resistance near $85K as long-term holders may sell, while short-term buyers support around $77K-$79K.

Technical Signals
28 Oct 2026, 20:11 WIB
Crypto Briefing
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Neutral
Bitcoin faces resistance near $85K as long-term holders may sell, while short-term buyers support around $77K-$79K.

Bitcoin's price is encountering strong resistance around $85,000 due to long-term holders who bought at higher prices potentially selling to recover investments. Short-term holders, who mostly bought below current prices, are providing support around $77,000 to $79,000, which could limit further declines. Institutional demand remains weak, with modest inflows into US spot Bitcoin ETFs and low trading volumes. Bitcoin's low volatility ahead of the Federal Reserve's policy decision suggests a possible significant price move soon, but for now, it remains caught between selling pressure near $85,000 and buying interest near $77,000-$79,000.

Bitcoin price dynamics provide context for Pluang's crypto market snapshot. As of Oct 28, 2026 23:22 WIB, 35 of 50 major cryptocurrencies rose while 14 fell. Notable movers include DOGE at Rp1.443 with a 1-day change of +2.27% and Pluang order activity showing 19% Sell / 81% Buy, VET at Rp114 with -2.10% and 71% Sell / 29% Buy, and FTM at Rp11.382 with a -2.05% change and a typical hold time of 88 days.

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