Bitcoin price struggles to break past the $87,000 to $88,000 range due to selling pressure from investors who bought in late 2025 and early 2026. This group’s average break-even cost is around $88,000, creating a dense resistance zone where many sellers emerge to realize profits. Below current prices, support levels exist near $81,500 (US spot ETF holders' cost basis) and between $77,500 and $78,000 (True Market Mean). A decisive breakout above $88,000 could trigger volatility but face further resistance near $90,000 and $100,000 from longer-term holders. The market is currently consolidating with mixed institutional demand and recent buyers limiting upside gains.
Bitcoin is trading at Rp1.500.000.000 on Pluang as of Oct 21, 2026 18:22 WIB, showing a 1.92% gain in the past day. Despite the selling pressure noted in the article, Pluang order activity currently leans 66% Sell and 34% Buy. The typical hold time for Bitcoin investors on Pluang is 112 days, indicating a moderate-term investment horizon amid the current price consolidation.
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