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Bitcoin shows signs of a new bull market despite recent sell-offs, with smaller crashes and gains ahead.

Market News
11 Oct 2026
BeInCrypto
View Source
Bullish
Bitcoin shows signs of a new bull market despite recent sell-offs, with smaller crashes and gains ahead.

Bitcoin appears to have entered a new bull market as it recovered above its 50-week moving average, a key technical signal seen in past bull runs. Despite recent market dips and liquidations, indicators like the MVRV ratio suggest improving market strength. BloFin Research highlights that Bitcoin's market cycles are becoming less severe, with smaller price crashes and gains compared to previous cycles. Institutional ownership and longer-term holding are changing Bitcoin's dynamics, though recent ETF outflows show volatility can still occur. Bitcoin remains above key support levels, but a sustained drop below these could weaken the bullish outlook.

Bitcoin trades at Rp1.494.806.990 on Pluang as of Oct 12, 2026 02:41 WIB, showing a 0.90% gain in the last day. Market cap stands at Rp30.081,22 trillion with a 24-hour volume of Rp222,39 trillion. Pluang users favor buying with 68% buy orders, holding Bitcoin for an average of 111 days, indicating steady investor interest despite recent volatility.

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