Bitcoin Price Analysis: How Far Could BTC Crash if $80K Support Breaks?
CryptoPotato · Thu, 29 Oct 2026 13:51:31 GMT
Hype 22/100 · Market impact 45/100 · Breaking 55/100
Tags: BTC
Bitcoin fell back toward $80,000 after its latest rebound stalled around $81,500–$82,000 and a bearish daily candle pushed prices lower. On the daily chart, it has made lower highs since rejection from an $85,500–$90,500 supply zone, and short-term trendline support has been lost. A daily close below the ascending channel’s midpoint and a break of $79,200–$79,500 would favor a deeper correction into the $75,000–$78,000 demand zone. On the 4-hour chart, the immediate downside focus is $78,400–$79,600, with a breakdown possibly extending toward $75,000–$76,300. Large-whale readings in spot average order size during October’s retreat to $80,000–$82,000 indicate continued large-order participation and possible selling pressure, though the measure cannot show whether trades were buyer- or seller-initiated.
Read the full story on CryptoPotato →
Related coverage
- Strategy’s STRC nears $100 level that could reopen a Bitcoin funding channel
- BlackRock’s IBIT adds $276M in Bitcoin – Can BTC escape its downtrend?
- Here’s what happened in crypto today
- BiXBiT Launches Antminer Firmware with Up to 40% Hashrate Gains and Integrated Mining Management
- Private, fast USDT is coming to Bitcoin. Can it compete with Ethereum and Tron?