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Bitcoin drops 4% after failing to hold $85,000, eyes $80,000 support level next

Market News
22 Oct 2026
BeInCrypto
View Source
Bearish
Bitcoin drops 4% after failing to hold $85,000, eyes $80,000 support level next

Bitcoin's price fell about 4% from near $85,000 to around $81,652, erasing two days of gains. Corporate Bitcoin treasuries, holding BTC at an average cost of $80,000, have stopped buying, reducing upward momentum. The price must hold above $81,500 to avoid a deeper decline toward $75,000, with support levels at $80,000 and $73,000-$75,000 zones. Lack of strong buying pressure and declining exchange stablecoin reserves suggest cautious market sentiment ahead.

Following Bitcoin's recent price drop from near $85,000, on Pluang BTC trades at Rp1.473.928.698 as of Oct 22, 2026 21:22 WIB, down 2.19% in the last day. Market activity shows a nearly balanced order flow with 48% selling and 52% buying, and investors typically hold their BTC for about 112 days. This data highlights ongoing cautious sentiment among Pluang users amid the price fluctuations.

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