Bitcoin: Falls Below $79,000 Amid Tech Selloff
The Kobeissi Letter reports Bitcoin falling below $79,000 and ETH below $2,250 as the selloff in technology stocks deepens on October 29, 2026.
SourceAnalysis
Bitcoin falls below $79,000 and ETH below $2,250 as the selloff in technology stocks deepens, according to @KobeissiLetter.
Bitcoin trades at $79,179 inside the Bollinger Bands and presses the lower band support at $79,115. The structure remains bearish with price below both the EMA50 at $80,934 and EMA200 at $81,665. MACD at -122.24 confirms the death cross while RSI at 40.5 stays neutral, keeping downside pressure intact.
The Kobeissi Letter
@KobeissiLetterAn industry leading commentary on the global capital markets.