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Bitcoin dips 3.5% amid uncertain breakout; oil price faces potential drop below $84 support.

Technical Signals
07 Oct 2026
Crypto Daily
View Source
Neutral
Bitcoin dips 3.5% amid uncertain breakout; oil price faces potential drop below $84 support.

Bitcoin price fell 3.5%, failing to break out of its ascending channel and now testing strong support at $84,000. If this support breaks, a further decline toward $73,600 is possible, aligning with key moving averages. Oil prices slipped below their ascending channel but recovered slightly, with critical support at $84 and potential downside targets at $75 and $68. The market remains cautious, watching geopolitical tensions and technical indicators for the next moves in both assets.

Bitcoin's market cap on Pluang stands at Rp30.094,28 trillion as of Oct 07, 2026 18:01 WIB, with a 24-hour trading volume of Rp636,54 trillion. The price is currently Rp1.498.338.091, down 2.83% in the last day, while order activity shows a slight majority of sellers at 53%. Typical hold time for Bitcoin on Pluang is 111 days, indicating a moderate-term investor base amid the recent price pullback discussed in the article.

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