$BTC /USD approximate market price
$79,800–$80,500
Cautious / bearish
Latest available reports
Bitcoin is struggling to hold the psychologically important $80,000 level as investors reduce risk ahead of the US Federal Reserve meeting on October 27–28. Recent ETF outflows, uncertainty in global markets and weakness in technology stocks are putting pressure on BTC.
Key levels to watch
Level
Significance
$78,000–$79,000
Support zone; a break below could trigger further selling
$80,000–$81,400
Important recovery zone
$84,000–$85,000
Higher resistance if bullish momentum returns
These are approximate technical levels, not guaranteed price targets.
Short-term outlook
Bearish: BTC loses $78,000 and selling pressure increases.
Bullish: BTC reclaims $81,400 and sustains the recovery.
Watch closely: The US Federal Reserve decision and Bitcoin ETF flows could increase volatility.
My view: Bitcoin's short-term trend remains cautious to bearish until it recovers key resistance levels. Avoid excessive leverage and consider the risk before entering a trade.
This is market commentary, not financial advice. Prices change continuously.
#BinancePick #EarningsSeason #BitmineAdds10452ETH #SouthKoreaConsidersEducationTaxOnCryptoExchanges #AnthropicTTMRevenueGrewAbout1200%
$79,800–$80,500
Cautious / bearish
Latest available reports
Bitcoin is struggling to hold the psychologically important $80,000 level as investors reduce risk ahead of the US Federal Reserve meeting on October 27–28. Recent ETF outflows, uncertainty in global markets and weakness in technology stocks are putting pressure on BTC.
Key levels to watch
Level
Significance
$78,000–$79,000
Support zone; a break below could trigger further selling
$80,000–$81,400
Important recovery zone
$84,000–$85,000
Higher resistance if bullish momentum returns
These are approximate technical levels, not guaranteed price targets.
Short-term outlook
Bearish: BTC loses $78,000 and selling pressure increases.
Bullish: BTC reclaims $81,400 and sustains the recovery.
Watch closely: The US Federal Reserve decision and Bitcoin ETF flows could increase volatility.
My view: Bitcoin's short-term trend remains cautious to bearish until it recovers key resistance levels. Avoid excessive leverage and consider the risk before entering a trade.
This is market commentary, not financial advice. Prices change continuously.
#BinancePick #EarningsSeason #BitmineAdds10452ETH #SouthKoreaConsidersEducationTaxOnCryptoExchanges #AnthropicTTMRevenueGrewAbout1200%
