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BTC 1H Analysis: Tests Rising Trendline Near $79,612, Next Close Matters
TradingGain Newsroom··29 Oct 2026, 04:50 UTCBitcoin is trading at $80,109 after pulling back 2.1% from its $81,800 high on Oct 28. Price is now testing a rising trendline near $79,612, and the next 1H close will show which way it breaks.
BTC 1H Update 📊
BTC is at $80,109, down 1.1% over the last 24 hours. It peaked at $81,800 on Oct 28 and has pulled back 2.1% since then.
Price is now testing the rising trendline that started at $79,179 on Oct 24. It has touched that line 4 times, and the line sits near $79,612 right now.
What I'm watching:
🟢 A 1H close above $80,577 opens a move toward $81,280
🔴 A 1H close below $79,723 opens a drop toward $79,346
Wait for the candle to close. A quick spike through a level doesn't confirm anything.
Not financial advice, manage your risk. 🙏
BTC is at $80,109, down 1.1% over the last 24 hours. It peaked at $81,800 on Oct 28 and has pulled back 2.1% since then.
Price is now testing the rising trendline that started at $79,179 on Oct 24. It has touched that line 4 times, and the line sits near $79,612 right now.
What I'm watching:
🟢 A 1H close above $80,577 opens a move toward $81,280
🔴 A 1H close below $79,723 opens a drop toward $79,346
Wait for the candle to close. A quick spike through a level doesn't confirm anything.
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 →