Bitcoin fell 1.2% to about $85,600 after sellers rejected attempts to push it above $87,000 for the third time since September 23, signaling resistance at that level. Analysts note Bitcoin is nearing a critical point in a triangle pattern formed by rising support and horizontal resistance, suggesting potential for increased volatility. Meanwhile, the broader crypto market slipped slightly, with some altcoins like Cardano's ADA gaining significantly. Stock markets remain strong with the Nasdaq hitting a record, while Treasury yields continue to climb, raising concerns about bond market demand from major holders like China and Japan.
While Bitcoin struggles to break above $87,000 as noted, on Pluang it trades at Rp1.530.000.000 with a mild 0.43% decline as of Oct 06, 2026 11:51 WIB. Ethereum and Solana also show slight decreases, with ETH at Rp48.351.392 down 0.15% and SOL at Rp2.151.186 down 0.20%, contrasting with Cardano's ADA which gained 1.45% to Rp4.815. This shows ADA's relative strength compared to the more established coins during this period.
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