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Bitcoin seen as crypto's main defensive asset but may fall below $82,500 amid macroeconomic risks.

Market News
21 Oct 2026
Cointribune
View Source
Bearish
Bitcoin seen as crypto's main defensive asset but may fall below $82,500 amid macroeconomic risks.

Wintermute highlights Bitcoin as the strongest crypto asset amid market declines, with BTC falling 1.99% compared to larger drops in altcoins and Nasdaq. The $82,500 level is a critical support, while $87,000 is key resistance. Investors prefer Bitcoin over riskier altcoins due to macroeconomic uncertainty and upcoming Fed decisions, which could push BTC below $82,500 or help it rebound. Altcoins like Ether and XRP remain vulnerable until Bitcoin shows clear bullish momentum.

While Wintermute warns Bitcoin could fall below $82,500, on Pluang BTC is trading higher at Rp1.502.000.000 with a 1-day gain of 2.42% as of Oct 21, 2026 19:22 WIB. XRP, an altcoin mentioned as vulnerable, is also up 4.53% at Rp24.411. This shows some resilience in these assets despite the cautious outlook.

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