BTC/USDT · 1D · 8 Nov 2026
Bitcoin (BTC) price analysis — daily chart
Bitcoin (BTC) is at 75,970 on the 1D chart. The setup is bullish while BTC holds over 74,888: the last candle dipped into support and closed well off its low.
Breakdown from the 79,220–87,238 range on Oct 29, holding under it, price in the lower third of the move since
The read
The setup is bullish while BTC holds over 74,888: the last candle dipped into support and closed well off its low.
Backing it: the weekly chart is up; against it: it broke down from its month-long range and has held it and the indicators favour the sellers' side.
Price is under the 50-day average (81,970), which sits on the 81,970 line. It is over the 200-day average (73,240).
The last 5 days are down 1.2%, nearly every high lower than the one before.
Price is 7.3% under 81,970,, the top of the range it has built since the bounce, and 1.4% over 74,888,, the low of that range.
What kills the setup: a daily close under 74,888, 1.4% away.
Why
For it: price is above the average price buyers have paid since the 61,830 low, 75,795, so those buyers are in profit.
Against it: it broke down from its month-long range and has held it; price is under the 50-day average (81,970); more trading has happened on down candles than on up ones, so sellers have been the more active side.
If-then
While BTC holds over 74,888 the setup stays bullish; 81,970 is the next line it has to clear.
A 1D close above 81,970 clears the top of the range; the next level up is 84,362.
A 1D close below 74,888 ends the rejection wick at support; no tested level below it on this chart — the next round number is 70,000.
Key levels
74,888 is where buyers keep showing up: it held 5 of 8 visits.
81,970 is the ceiling — the top of the range. It is also the prior week high.
The full picture
On Oct 29 BTC closed below the 79,220–87,238 range it had held for a month. It slipped back inside on Nov 4 and is under the old floor, 79,220, again now.
Price is in the lower third of the 74,888–81,970 range.
The weekly picture: a recovery off the cycle low, 40% under the all-time high; on the daily, price is above the 200-day average (73,240), and the 50-day average is above the 200-day average. The daily has no trend of its own.
Against ETH: over the last 5 daily candles BTC moved -1.2% and ETH -0.6% — BTC is moving with it.
The trend has been the buyers': the weekly chart is up. Against that: more trading has happened on down candles than on up ones, so sellers have been the more active side.
The trend is weak — ADX 19, under the 25 where a trend is real, with sellers only slightly ahead (−DI 20, +DI 16).
Key levels
| Level | Price | From price | Role |
|---|
| Swing high | 87,238 | +14.8% | swing, read |
| Swing high | 84,362 | +11.0% | swing, read |
| 2-TF resistance | 81,970 | +7.9% | confluent, calendar |
| Read ceiling | 81,970 | +7.9% | read edge |
| 3-TF resistance | 79,694 | +4.9% | confluent, fib |
| Swing high | 79,220 | +4.3% | swing, read |
| Golden pocket | 78,789 | +3.7% | golden pocket, fib |
| Resistance | 78,343 | +3.1% | calendar, fib |
| Monthly open | 77,532 | +2.1% | calendar, fib |
Updated 8 Nov 2026. Run a live Bitcoin read →
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