FeesSafety
Pluang+

Bitcoin breaks down from 5-week channel, eyes $75K-$70K but may find support near $78K.

Technical Signals
30 Oct 2026, 13:56 WIB
Crypto Daily
View Source
Bearish
Bitcoin breaks down from 5-week channel, eyes $75K-$70K but may find support near $78K.

Bitcoin sharply dropped out of a descending channel after five weeks, falling about $5,500 in hours to around $76,350 before recovering to $77,800. This move raises concerns of a further decline to $75K or even $70K if broader market panic hits, especially with recent cautious earnings from major tech firms. However, Bitcoin may have found support near $78K and could bounce back, especially if the S&P 500 futures hold their support and recover. Key technical levels like the 50-week moving average could provide a crucial floor for Bitcoin's price in the near term.

Bitcoin's recent price action is presented here with Pluang's market data for context. As of Oct 30, 2026 17:51 WIB, out of 50 major cryptocurrencies on Pluang, only 5 rose while 44 fell. Notable movers include GRT down 8.68% at Rp361 with a 58% sell order activity, THETA down 8.13% at Rp2.891, and EOS up 8.13% at Rp12.649.

More News

FirstCash stock drops 14.75% after Q3 earnings reveal 28% income fall in finance segment

FirstCash stock drops 14.75% after Q3 earnings reveal 28% income fall in finance segment

FirstCash Holdings reported a 28% year-over-year decline in operating income for its American First Finance segment and a 15% drop in lease and loan originations for Q3 2026. This led to a 14.75% stock price decline on October 22, 2026. The Law Offic...

Market News
Bearish
1 hour ago
Oxford Square Capital reports Q3 2026 NAV at $1.21 and declares $0.015 monthly dividends for early 2027.

Oxford Square Capital reports Q3 2026 NAV at $1.21 and declares $0.015 monthly dividends for early 2027.

Oxford Square Capital Corp. announced its financial results for Q3 2026, reporting a net asset value (NAV) per share of $1.21, down from $1.29 in Q2. The company declared monthly dividends of $0.015 per share for January, February, and March 2027. Ne...

Company Fundamentals
Neutral
2 hours ago
MADD Canada urges sober driving this Halloween to prevent impaired driving crashes.

MADD Canada urges sober driving this Halloween to prevent impaired driving crashes.

As Halloween approaches, MADD Canada warns against impaired driving caused by alcohol, cannabis, or drugs, which leads to hundreds of deaths and thousands of injuries annually in Canada. The organization urges people to plan safe transportation if co...

Market News
Bearish
3 hours ago
MADD Canada urges sober driving and caution for Halloween to prevent impaired driving crashes.

MADD Canada urges sober driving and caution for Halloween to prevent impaired driving crashes.

MADD Canada warns Canadians to avoid impaired driving during Halloween, emphasizing the risks of alcohol, cannabis, and drug-related crashes that cause deaths and injuries annually. The organization urges people to plan safe rides, watch for children...

Market News
Neutral
3 hours ago
Jupiter Lend limits withdrawals amid tight liquidity but assures user funds are safe.

Jupiter Lend limits withdrawals amid tight liquidity but assures user funds are safe.

Jupiter Lend, a Solana-based lending protocol, is temporarily restricting some withdrawals due to reduced available liquidity. At one point, only about 7,900 USDC was immediately accessible from a vault holding roughly $419.6 million. The protocol at...

Market News
Neutral
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App