Chart Analysis▼ Bearish
BTC 1H Analysis: Breaks Rising Trendline, Key Level At $79,497
TradingGain Newsroom··30 Oct 2026, 05:10 UTCBitcoin is trading at $78,510 after breaking below its rising trendline from Oct 24. Traders are watching whether price can reclaim the $79,497 level.
BTC 1H Update 📊
BTC is trading at $78,510, down 2.5% over 24 hours. Price has broken below its rising trendline from Oct 24, which had touched five times, and now sits under the old support zone at $79,179 to $79,497.
After bouncing off the $76,444 low on Oct 30 (about +2.7%), it has printed 4 green 1H candles in a row, but it has not reclaimed that zone yet.
What I'm watching:
🟢 A 1H close above $79,497 opens a move toward $80,709
🔴 A 1H close below $77,890 opens a drop toward $76,717
Let the candle close decide, not the wick. Patience here.
Not financial advice, manage your risk. 🙏
BTC is trading at $78,510, down 2.5% over 24 hours. Price has broken below its rising trendline from Oct 24, which had touched five times, and now sits under the old support zone at $79,179 to $79,497.
After bouncing off the $76,444 low on Oct 30 (about +2.7%), it has printed 4 green 1H candles in a row, but it has not reclaimed that zone yet.
What I'm watching:
🟢 A 1H close above $79,497 opens a move toward $80,709
🔴 A 1H close below $77,890 opens a drop toward $76,717
Let the candle close decide, not the wick. Patience here.
Not financial advice, manage your risk. 🙏
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Chart levels are calculated automatically from live Binance futures candles and written up by TradingGain. Not financial advice.Open chart →