Bitcoin is trading close to $86,000 after briefly approaching $87,000, supported by softer US jobs data that lowered expectations for further Federal Reserve rate hikes. This easing in rate outlook has helped Bitcoin recover, as higher interest rates had previously pressured the cryptocurrency. However, Bitcoin faces resistance near $87,000, a level it has struggled to surpass since late September. Institutional buying continues, with Strategy adding 334 Bitcoin recently, while other major cryptocurrencies like Ethereum, XRP, and Solana saw slight declines. The key for Bitcoin is breaking above $87,000 to potentially reach $90,000, or else it may retreat to support levels around $84,000-$85,000.
Bitcoin trades at Rp1.532.722.721 on Pluang as of Oct 06, 2026 11:31 WIB, down 0.41% in the last day. The market cap stands at Rp30.737,31T with a 24-hour volume of Rp504,36T. Buy orders dominate at 63%, while typical hold time is 111 days, showing steady investor interest amid current price fluctuations.
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Bitcoin surged to nearly $87,000 on October 5 but quickly fell back to around $85,200, showing high volatility within 24 hours. This price action caused over $109 million in leveraged Bitcoin positions to be liquidated, mostly short bets. Despite the...
Bitcoin traded around $86,100, close to its $87,354 resistance level, supported by positive macroeconomic signals and a strong technical setup including a second "golden cross" on its daily chart. The recent weak U.S. jobs report reduced expectations...
