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Bitcoin dips 3.2% below Oct 1 price, lagging historical mid-October gains with key support near $80,400.

Market News
16 Oct 2026
Tokenpost
View Source
Neutral
Bitcoin dips 3.2% below Oct 1 price, lagging historical mid-October gains with key support near $80,400.

Bitcoin's price dropped 3.2% below its October 1 opening level, trading at $80,867 compared to $83,576 at the start of the month. This decline contrasts with the historical average mid-October gain of 6.7% since 2013. Trendline support is near $80,400, and a confirmed break below this could lead to further drops to $77,000 and below. The recent Consumer Price Index data showing moderate inflation may contribute to uncertainty, with some analysts fearing Bitcoin will remain range-bound in the near term.

Bitcoin's price dropped 3.2% below its October 1 opening level, trading at $80,867 as of Oct 17, 2026 04:51 WIB. For readers following cryptocurrency markets, here is Pluang's market snapshot: out of 50 major cryptocurrencies priced on Pluang, 10 rose and 39 fell today. Notable movers include CRV at Rp6.181 with a 3.96% decrease and 79% sell order activity, SAND at Rp974 down 3.89% with 59% buy order activity, and FIL at Rp20.299 down 3.33% with 79% buy order activity.

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