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Bitcoin holds above $82K amid selling pressure, eyes key $83.5K recovery level.

Technical Signals
08 Oct 2026
Bitcoin
View Source
Bearish
Bitcoin holds above $82K amid selling pressure, eyes key $83.5K recovery level.

Bitcoin's price dropped sharply from mid-$85,000s to around $82,500 on Oct. 8, 2026, facing strong selling pressure in short-term charts while daily indicators remain neutral. Immediate support is at $82,180, with resistance near $83,000 to $83,500; a recovery above $83,500 could signal buyers regaining control. If support breaks, prices may fall toward $81,000 or even $80,000. The market is at a critical juncture, balancing between further losses and potential recovery.

Bitcoin's market cap stands at Rp29.712,94 trillion as of Oct 08, 2026 19:45 WIB, with a 24-hour trading volume of Rp592,45 trillion on Pluang. The platform shows a 1-day price change of -1.32% and a typical hold time of 111 days, indicating steady investor engagement despite recent price fluctuations. Buy orders dominate at 63%, suggesting more users are positioning for potential recovery amid the current bearish pressure.

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