Bitcoin experienced a sharp correction starting Tuesday, dropping nearly $6,400 and breaking below its bull flag pattern. The key $83,000 resistance level now stands as a critical test for bulls to regain control and resume the rally. Momentum indicators show mixed signals, with short-term momentum resetting but potential resistance from overbought conditions. The 50-day moving average provided support around $80,300, and broader market cues like rising S&P 500 futures could boost bullish sentiment. If Bitcoin can hold above $83,000 and momentum improves, a breakout from the bull flag could lead to further gains. However, failure to reclaim this level may result in additional downside risk.
Bitcoin's market cap stands at Rp29.688,7 trillion as of Oct 09, 2026 17:43 WIB, highlighting its significant scale despite a slight 0.50% price dip to Rp1.472.653.958. Trading volume remains robust at Rp751,78 trillion over 24 hours, with Pluang users showing strong buying interest at 76%, and a typical hold time of 111 days. This data underscores ongoing investor engagement as Bitcoin tests critical resistance levels discussed in the news.
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On October 10, futures data showed a significant drop in long-position shares for XRP and Bitcoin in coin-margined contracts, with XRP falling 13 percentage points to 65.97% and Bitcoin down 9.30 points to 65.41%. This decline suggests a more cautiou...
