Bitcoin traded near $83,000 on October 11 after a volatile week that saw prices fall from above $87,000. Analysts warn of a significant $35 million sell wall between $85,000 and $89,000, creating resistance that buyers must overcome for a sustained rally. Additionally, trading volumes remain weak, and institutional flows are volatile, with notable ETF withdrawals, making a breakout above $85,000 challenging without stronger demand. This suggests Bitcoin is currently stuck between overhead selling pressure and buying support near $81,000.
Bitcoin price action is noted alongside a $35 million sell wall threat. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 11, 2026 23:31 WIB: out of 50 major cryptocurrencies priced on Pluang, 33 rose and 16 fell today. Notable movers include BAT at Rp2.896 with a 1-day change of +20.59% and a typical hold time of 93 days, BAL at Rp16.297 up +11.14%, and EOS at Rp12.649 up +8.13%.
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