Bitcoin remains above $80,000 following eased U.S.-Iran tensions and falling oil prices, showing technical strength. However, weak buying demand and low market sentiment raise concerns about the sustainability of this rally. On-chain data indicates a divergence, with a lack of bullish sentiment and low U.S. investor activity, suggesting the current rebound might be a bull trap. A breakout above $85,000 could trigger a strong short squeeze, but Bitcoin needs stronger buying pressure to confirm this move and avoid a fakeout.
As of Oct 26, 2026 17:21 WIB, Bitcoin trades at Rp1.450.245.500 on Pluang with a slight 1-day decline of 0.12%. Despite the news of eased U.S.-Iran tensions supporting Bitcoin above $80,000, Pluang data shows a predominance of buying interest at 78% of order activity and a typical hold time of 112 days. The market cap stands at Rp29.352,06 trillion, highlighting sustained investor engagement amid the cautious sentiment described in the article.
Bitcoin fell below $80,000 during Asian trading on October 26, dropping about 4% since October 22 amid worries over AI company valuations and upcoming Federal Reserve policy decisions. Asian stock markets also declined, with South Korea's Kospi down ...
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