BTC: Slips Below 80K as Traders Split on Floor

BTC briefly broke below 80,000 on the session, handing the edge in round one to @Jackyi_ld who continues to call for a drop beneath 79,000 while @Jason60704294 maintains that price will not reach 78,000 or 74,000.

Both traders remain aligned on the larger bull-market structure yet diverge sharply on near-term downside, with @Jackyi_ld favoring dips for accumulation and @Jason60704294 prepared to cut exposure only on a daily close beneath 78,000. Wintermute’s latest note reinforces the early-stage bull thesis, flagging traditional-finance flows and the November 3 U.S. midterm elections as the dominant variables ahead.

Price at 81,279.26 sits inside the Bollinger band with the MACD death cross at -535.15 and both EMAs overhead, the 50-period at 82,962.94 acting as immediate resistance; a test of the upper band near 84,589 while RSI remains sub-40 raises the probability of a swift retracement toward the lower band support at 80,607 before any sustained recovery attempt.