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Bitcoin dips below $80,000, hitting key support after 8.7% drop from September peak.

Technical Signals
20 Oct 2026
Tokenpost
View Source
Bearish
Bitcoin dips below $80,000, hitting key support after 8.7% drop from September peak.

Bitcoin fell to $79,775 last week, dropping below the previous week's low of $80,400 and highlighting a technical support range between $78,000 and $80,500. This decline represents an 8.72% decrease from its September 21 high of $87,399, which followed a rise from $57,820 in early July. The current support level is crucial as Bitcoin tests resistance around $84,500 to $85,500. Similarly, Hyperliquid (HYPE) also declined to $76.07, staying within its support range but below recent highs. These movements suggest caution as the recent declines may not have ended yet.

Bitcoin trades at Rp1.491.218.028 on Pluang as of Oct 20, 2026 23:52 WIB, showing a 1.10% gain in the last day despite the recent dip below $80,000 noted in the article. Hyperliquid (HYPE) also rose by 1.68% to Rp1.439.950 on Pluang, with a market cap of Rp363,23T. These figures highlight ongoing active trading and investor interest in these assets on the platform.

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