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Bitcoin faces potential selling pressure near $85,000 as long-term holders eye break-even points.

Technical Signals
29 Oct 2026, 02:54 WIB
Tokenpost
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Neutral
Bitcoin faces potential selling pressure near $85,000 as long-term holders eye break-even points.

Bitcoin's price is approaching a critical range near $85,000 where many long-term holders may decide to sell to break even. Data shows a significant cluster of buy orders between $78,000 and $79,000, with increased interest compared to mid-October. Over 4 million BTC held for more than 155 days were acquired between $85,000 and $118,000, mostly in 2025, indicating potential selling pressure if prices return to those levels. Despite this, actual selling is not confirmed, and Bitcoin has struggled to maintain prices above this range, highlighting a key resistance zone for investors to watch.

Bitcoin is trading at Rp1.477.580.339 on Pluang, showing a 0.99% increase in the last day. Buy orders dominate with 74% of activity, and the typical hold time is 112 days as of Oct 29, 2026 07:02 WIB.

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