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Bitcoin dips below $81,000, warning of further drops if it closes under 50-day average

Market News
22 Oct 2026
Crypto news
View Source
Bearish
Bitcoin dips below $81,000, warning of further drops if it closes under 50-day average

Bitcoin briefly fell below $81,000 before recovering slightly to around $81,300, raising concerns about a potential further decline if it closes below its 50-day moving average. Analyst Benjamin Cowen warned that such a close could push Bitcoin toward its bull market support band. Meanwhile, trader Mr. Wall Street remains optimistic with buy orders between $72,000 and $76,000 and targets $93,000 as a potential upside. Market sentiment is cautious, with only a 3% chance predicted for Bitcoin to reach $130,000 in 2026 according to Polymarket data.

Bitcoin trades at Rp1.465.797.274 on Pluang as of Oct 23, 2026 02:41 WIB, down 3.44% in the last day. The platform shows a market cap of Rp29.482,51T and a 70% sell order activity. Typical hold time on Pluang is 112 days, indicating moderate investor patience amid current price moves.

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