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Bitcoin price rebounds near $83,000 but must hold $79,600-$80,400 support to sustain recovery.

Technical Signals
09 Oct 2026
Crypto news
View Source
Neutral
Bitcoin price rebounds near $83,000 but must hold $79,600-$80,400 support to sustain recovery.

Bitcoin's price has bounced back toward $83,000 after dipping to around $80,400, with key support identified between $79,600 and $80,400. While daily momentum indicators show weakening upward strength, the weekly chart suggests a potential recovery if Bitcoin maintains this support zone. Resistance levels near $86,500 to $87,000 remain critical for further gains, with a break above possibly pushing the price toward $90,000. Conversely, falling below support could lead to a decline toward $75,000-$76,000. Market factors including leveraged positions and U.S. Federal Reserve policy decisions in October add uncertainty to Bitcoin's near-term outlook.

As of Oct 09, 2026 23:51 WIB, Bitcoin trades at Rp1.480.613.100 on Pluang, showing a 1.90% gain over the past day. This price level sits well above the critical support zone mentioned in the article, indicating resilience despite the cautious momentum signals. Compared to its near-full circulating supply of 20.1 million BTC, the strong buy order activity at 76% on Pluang highlights investor confidence as the market navigates key resistance levels around $86,500 to $87,000.

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