Bitcoin price recovered above $84,000 on October 12 but faces resistance near $85,000 after failing multiple times to surpass $87,000. Weak institutional demand, marked by significant outflows from U.S. spot Bitcoin ETFs, and rising U.S. Treasury yields have limited gains. Technical indicators show improving buying momentum, with Bitcoin trading above key moving averages, suggesting buyers still hold an advantage. A sustained break above $85,000 could lead to further gains toward $86,500 and $87,400, while support lies near the 20-day EMA at $83,386. Investors await upcoming U.S. inflation data, which could influence Federal Reserve policy and Bitcoin’s near-term direction.
While Bitcoin struggles to break above $85,000, on Pluang it trades at Rp1.495.361.974 as of Oct 12, 2026 13:22 WIB, showing a modest 1.02% gain over the day. This price level is close to its upper range given that 96% of the total 21 million BTC supply is already circulating. The platform data also reveals a strong buying interest with 68% of order activity on Pluang favoring purchases, indicating sustained investor confidence despite the price resistance.
Bitcoin's price increased by 1.37% to $84,186 as the total cryptocurrency market capitalization dropped 2.35% to $2.83 trillion. While Bitcoin gained, the broader market contracted, with trading volume at $58.32 billion. Other major cryptocurrencies ...
Bitcoin rebounded to nearly $84,000 after slipping earlier in the week, shrugging off $681 million in outflows from U.S.-listed spot bitcoin ETFs, the largest since June. The decline in oil prices, partly due to eased U.S. sanctions on Russian diesel...
On October 12, Filecoin (FIL) led the largest cryptocurrencies with a 14.75% increase to $1.24, continuing its recent strong performance. This rise was part of a broader market uptrend where 72 of the top 90 cryptocurrencies gained value. Other notab...
Crypto markets showed mixed results with Layer 2 tokens leading gains, rising 6.62%, including Starknet up 111.53%. Bitcoin climbed 1.43% above $83,000, while Ether edged up 0.14% over $2,500. DePIN assets advanced 6.24%, led by Grass with a 49.41% j...
Bitcoin has been trading in a narrow range around $82,000 to $83,000, disappointing many investors expecting a strong October rally known as "Uptober." This contrasts sharply with October 2025, when Bitcoin hit an all-time high above $126,000 before ...
