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Bitcoin price drops near $80,800, testing key 50-day moving average amid bearish signals.

Technical Signals
08 Oct 2026
Crypto news
View Source
Bearish
Bitcoin price drops near $80,800, testing key 50-day moving average amid bearish signals.

Bitcoin's price fell to around $80,800 on October 8, slipping below its 20-day moving average and testing the critical 50-day moving average at $80,526. Technical indicators like a bearish daily MACD crossover and an oversold 4-hour RSI suggest downward pressure, with analysts highlighting $78,000 and $75,000 as potential support levels if current support fails. The price faces resistance near $82,000 and $84,200, where a recovery would be needed to reverse the bearish trend. The situation remains uncertain, with a rebound possible but caution advised due to bearish momentum and liquidation risks.

Bitcoin trades at Rp1.455.000.000 on Pluang as of Oct 09, 2026 01:23 WIB, down 2.39% in the last day. Market activity shows 76% of orders are buys, indicating continued interest despite recent price pressure. The typical hold time on Pluang is 111 days, reflecting a moderately long-term investor base amid current volatility.

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