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Bitcoin may dip to $74,600 after completing a wave, but medium-term outlook stays positive.

Technical Signals
15 Oct 2026
Tokenpost
View Source
Bearish
Bitcoin may dip to $74,600 after completing a wave, but medium-term outlook stays positive.

Bitcoin (BTC) is expected to correct down to around $74,600 following the completion of its fifth wave in an initial upward advance. This correction aligns with a 0.382 Fibonacci retracement level. Despite falling below its 21-period EMA, BTC is finding support near its 50-period EMA, with the 200-period EMA at about $75,800, which is above the correction target. The RSI is neutral at 50, suggesting a possible short-term rebound before a final decline. Overall, the medium-term trend remains positive with no immediate concerns.

Bitcoin is trading at Rp1.440.036.576 on Pluang as of Oct 15, 2026 21:02 WIB, showing a 1-day decline of 2.30%. The platform's market cap for BTC stands at Rp28.920,2 trillion, indicating substantial investor interest. Despite the recent price drop, the typical hold time on Pluang remains steady at 111 days, suggesting long-term confidence among users.

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