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Bitcoin's monthly chart remains strong despite mid-October dip below $80,000, says analyst DonAlt.

Technical Signals
23 Oct 2026
Tokenpost
View Source
Bullish
Bitcoin's monthly chart remains strong despite mid-October dip below $80,000, says analyst DonAlt.

Bitcoin briefly dropped below $80,000 in mid-October, falling to $79,732 before rebounding to around $85,000, keeping it positive for the month. Crypto analyst DonAlt highlights that this dip is minor on the monthly chart, calling it "the tiniest wick" and still "excellent." He notes the bounce is impressive given geopolitical tensions and fears of a market crash, emphasizing the monthly chart as the most important perspective over short-term views. This suggests Bitcoin's longer-term outlook remains robust despite recent volatility.

Bitcoin's monthly chart strength is noted here, alongside Pluang's snapshot of major cryptocurrencies as of Oct 23, 2026 11:31 WIB. Among 50 priced major cryptocurrencies, 10 rose and 39 fell today. Notable movers include SNX at Rp3,845 with a 4.61% decline and BAT at Rp3,099 down 4.24%, while ONE gained 3.90% to Rp27.

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