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Bitcoin Is Fighting for $77.5K — Bounce or Breakdown?

VG Markets · 2026-10-30T05:21:32Z

Bitcoin Is Fighting for $77.5K — Bounce or Breakdown?

Bitcoin is under fresh pressure after its brief rebound above $81,000 quickly faded.

The selloff intensified on Friday after Binance reported a potential security issue, sending Bitcoin to a six-week low near $77,646. Broader risk-off sentiment is adding to the pressure, with major cryptocurrencies also moving lower.

But the short-term setup is not completely bearish yet.

$77,487 Is the Line in the Sand

According to the latest intraday setup, $77,487 is the key pivot.

→ Above $77,487: rebound potential toward $79,298, then $79,721

→ Below $77,487: downside opens toward $76,781, with $76,361 next

Momentum is mixed. RSI is below neutral while MACD has turned positive but remains below zero. Bitcoin is also still trading below its 20- and 50-period moving averages, keeping the broader intraday bias cautious.

For traders, the setup is simple:

Hold $77,487 → watch for a rebound toward $79,721.

Break $77,487 → bears regain control, with $76,361 in sight.

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