Bitcoin traded at around $80,380 on October 28, facing resistance near $87,000 where many investors who bought in the last two years have their cost bases. This price level has capped two recent rebounds, each followed by a pullback of at least 25%. Bitcoin ETF holders have an average cost basis of about $81,500, and sustained prices below this could lead to unrealized losses and weaken support. The selling pressure near $87,000 reflects both ETF holders and one- to two-year investors, indicating a challenging resistance zone for Bitcoin's price recovery.
Bitcoin's price near $80,380 comes with selling pressure close to $87,000, where many investors hold cost bases. For readers following cryptocurrency, here is Pluang's market snapshot as of Oct 28, 2026 21:22 WIB: out of 50 major cryptocurrencies, 38 rose and 11 fell today. Notable moves include EOS at Rp12,649 (+8.13%), EGLD at Rp61,081 (+4.60%) with 100% buy order activity, and BAT at Rp2,569 (-4.23%) with 93% buy order activity and 7% sell.
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