FeesSafety
Pluang+

Bitcoin tests lower boundary of descending channel amid mixed short- and long-term signals.

Technical Signals
02 Nov 2026, 16:57 WIB
Tokenpost
View Source
Neutral
Bitcoin tests lower boundary of descending channel amid mixed short- and long-term signals.

Bitcoin (BTC) is currently positioned near the lower boundary of a descending channel on its four-hour chart, indicating potential short-term weakness. Technical indicators like the Stochastic RSI and relative strength index show bearish signals, while Fibonacci analysis places BTC near a key retracement level around $75,000, supported by the 50-week moving average. This mixed technical picture suggests caution as Bitcoin tests critical support levels, with implications for its near-term price direction.

Bitcoin market conditions provide context for this update. For readers following cryptocurrency, here is Pluang's market snapshot as of Nov 02, 2026 22:01 WIB: Out of 50 major cryptocurrencies, 6 rose and 43 fell today. Notable movers include CAKE at Rp34.604 with a 1-day change of -3.11% and Pluang order activity of 6% Sell / 94% Buy, GRT at Rp358 with -3.04% change and 45% Sell / 55% Buy activity, and EGLD at Rp60.788 with -3.02% change and 95% Sell / 5% Buy activity.

More News

Exosens reports 50.9M shares and 59.1M voting rights as of October 31, 2026

Exosens reports 50.9M shares and 59.1M voting rights as of October 31, 2026

Exosens disclosed its monthly update on the total number of shares and voting rights in its share capital as of October 31, 2026. The company has 50,936,749 shares outstanding, with 59,162,039 exercisable voting rights after deducting treasury shares...

Company Fundamentals
Neutral
1 hour ago
Exosens reports total shares and voting rights as of October 31, 2026, confirming capital structure details.

Exosens reports total shares and voting rights as of October 31, 2026, confirming capital structure details.

Exosens has released its monthly update on the total number of shares and voting rights composing its capital as of October 31, 2026. The company reports 50,936,749 total shares and 59,425,768 theoretical voting rights, with 59,162,039 exercisable vo...

Company Fundamentals
Neutral
1 hour ago
Wealth management software market to hit $18.77B by 2033, growing at 14.7% CAGR driven by AI and automation.

Wealth management software market to hit $18.77B by 2033, growing at 14.7% CAGR driven by AI and automation.

The global wealth management software market, valued at $6.28 billion in 2025, is projected to reach $18.77 billion by 2033, growing at a 14.7% CAGR. Growth is fueled by rising adoption of AI, automation, and digital advisory tools that enhance workf...

Market News
Bullish
2 hours ago
Maurizio Mian launches new micro-drama 'The Experiment' exploring happiness with social media influencers.

Maurizio Mian launches new micro-drama 'The Experiment' exploring happiness with social media influencers.

Maurizio Mian, known as the pioneer of influencer culture, has launched a new micro-drama series called 'The Experiment.' The show features popular social media personalities living in luxury while exploring whether happiness can be measured and incr...

Others
Neutral
2 hours ago
Bio-based construction polymer market to hit $35B by 2033, driven by green building demand and sustainability trends.

Bio-based construction polymer market to hit $35B by 2033, driven by green building demand and sustainability trends.

The global bio-based construction polymer market, valued at $18.2 billion in 2025, is projected to grow to $35 billion by 2033 at an 8.3% CAGR. Growth is fueled by rising demand for sustainable building materials that reduce greenhouse gas emissions ...

Market News
Bullish
3 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App