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Bitcoin hovers near $81,400, eyeing $84,200 to break bearish trend and confirm recovery.

Market News
16 Oct 2026
Crypto news
View Source
Neutral
Bitcoin hovers near $81,400, eyeing $84,200 to break bearish trend and confirm recovery.

Bitcoin traded near $81,400 after rebounding from a weekly low of $79,800, testing its 50-day moving average at $81,279. The cryptocurrency faces resistance around $82,000 and must surpass $84,200 to break its local bearish pattern and confirm a stronger recovery. While weekly momentum remains relatively strong with RSI above 50, daily charts show weaker short-term momentum and a risk of retesting lower support near $79,800. Traders are cautious as liquidation clusters above $84,200 could challenge upward moves, and inflation concerns add pressure. Holding above the 50-day average is crucial for Bitcoin's next recovery attempt.

Bitcoin price near $81,400 provides context for this market snapshot. For readers following cryptocurrency, here is Pluang's market data as of Oct 17, 2026 00:22 WIB: Among 50 major cryptocurrencies priced on Pluang, 16 rose and 33 fell today. Notable movers include FIL (Filecoin) at Rp20.405 with a 1-day change of +5.92% and Pluang order activity of 21% Sell / 79% Buy, BAT (Basic Attention Token) at Rp3.489 with +5.30% change and 75% Sell / 25% Buy activity, and UNI (Uniswap) at Rp127.497 with -4.71% change and 34% Sell / 66% Buy activity. Typical hold times range from 65 to 100 days among these assets.

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