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Bitcoin trades between $80K-$85K amid tech earnings, oil prices, and US policy signals for breakout.

29 Oct 2026, 09:00 WIB
Tokenpost
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Neutral
Bitcoin trades between $80K-$85K amid tech earnings, oil prices, and US policy signals for breakout.

Bitcoin has been trading mostly between $80,000 and $85,000 after testing the $80,000 support level multiple times. Key factors influencing its next move include technology sector earnings, rising oil prices, and US monetary policy. Analysts highlight that a sustained breakout above $85,000 requires strong spot demand and ETF inflows, while a drop below $80,000 could lead to downside risks. Market watchers are closely monitoring institutional flows, corporate buying, and macroeconomic indicators like inflation and interest rates to gauge Bitcoin's direction.

Bitcoin's recent trading near $80,000 to $85,000 provides context for Pluang's cryptocurrency market snapshot as of Oct 29, 2026 13:01 WIB: out of 50 major cryptocurrencies, only 8 rose while 41 fell. Among notable movers, AXS dropped 4.81% to Rp16.838 with 99% sell orders, KSM fell 4.64% to Rp66.540 with 87% sell orders, and FIL declined 4.22% to Rp16.002 with balanced buy-sell activity. This contrasts the limited upward momentum seen in the broader crypto market at this time.

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