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Bitcoin rebounds above $85K but faces selling pressure near key resistance zone.

Technical Signals
11 Oct 2026
Tokenpost
View Source
Neutral
Bitcoin rebounds above $85K but faces selling pressure near key resistance zone.

Bitcoin has climbed back above $85,000 amid rising signals from an on-chain seller-exhaustion indicator nearing levels seen at previous market tops. This suggests potential selling pressure from short-term holders as about 53% of invested capital is clustered between $84,000 and $85,000, creating a significant resistance zone. For Bitcoin to move higher, demand must absorb this concentrated supply. If it fails, support may form between $77,000 and $79,000, with market volatility and demand remaining critical factors for the next price moves.

Bitcoin's recent price movement is offered here as market context. For readers following cryptocurrency broadly, 38 of 50 major cryptocurrencies on Pluang rose today while 10 fell, as of Oct 12, 2026 09:21 WIB. Notable gainers include XTZ at Rp5.747 with a 7.42% increase, ALGO at Rp2.266 up 7.14%, and AVAX at Rp195.687 rising 6.00%.

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