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Bitcoin rebounds above $80K after a dip, altcoins like Zcash and Ethereum also gain.

Technical Signals
16 Oct 2026
Decrypt
View Source
Neutral
Bitcoin rebounds above $80K after a dip, altcoins like Zcash and Ethereum also gain.

Bitcoin recovered to $82,295 after dropping below $80,000 for the first time in over a month, triggering significant liquidations mainly from long positions. Altcoins performed well, with Zcash surging 10.29%, Ethereum up 4.17%, and Solana rising 3.02%. Technical indicators show Bitcoin near a key resistance level at $81,603, with a bullish long-term trend but mixed short-term signals. Market predictions suggest a cautious outlook with chances for both upward and downward moves depending on Bitcoin's ability to hold above key support levels.

As of Oct 16, 2026 23:21 WIB, Bitcoin trades at Rp1.459.439.864 on Pluang, down 1.35% over the past day, showing a slight pullback despite the article's note of recovery to $82,295. Ethereum and Zcash show minimal daily changes on Pluang, with ETH up 0.05% at Rp43.713.801 and ZEC down 0.05% at Rp21.138.502, contrasting with the stronger altcoin gains mentioned. Solana is also down 1.46% at Rp1.870.113, reflecting some short-term volatility in the market.

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