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US inflation rise hits stocks; Bitcoin risks a sharp drop below $80K support.

Technical Signals
15 Oct 2026
Crypto Daily
View Source
Bearish
US inflation rise hits stocks; Bitcoin risks a sharp drop below $80K support.

US inflation, measured by the Producer Price Index, rose from 3.4% in August to 3.7% in September, negatively impacting the US stock market and pressuring Bitcoin's price. Bitcoin has broken below its ascending price channel, currently testing support around $80,300, with potential to fall further toward $70,000 if the breakdown is confirmed. Technical indicators suggest a possible significant correction ahead, making this a critical moment for Bitcoin's rally after a recent 39% climb. Investors should watch for confirmation of the breakdown and subsequent price movements.

Following the inflation data that pressured US stocks and Bitcoin, the cryptocurrency is currently trading at Rp1.457.618.509 on Pluang as of Oct 15, 2026 21:51 WIB. Bitcoin's price shows a 0.70% decline over the past day, with a market cap of Rp28.920,2 trillion and a 24-hour trading volume of Rp717,35 trillion. Pluang users are almost evenly split in their trading activity, with 49% selling and 51% buying, and the typical hold time is 111 days.

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