Bitcoin came under renewed selling pressure this week, briefly dropping below the psychologically important $80,000 level as traders reduced their exposure ahead of the US Federal Reserve’s policy meeting. On October 26, BTC traded near $79,800, while Ethereum slipped towards $2,300 and XRP moved closer to $1.28. Solana also weakened, trading around $100 as selling pressure spread across the wider crypto market. The pullback has put key support levels back in focus, with traders watching closely to see whether buyers will step in or sellers will push prices lower. The weakness reflects a combination of macroeconomic uncertainty, pressure on technology stocks and rising geopolitical tensions in the Middle East. Higher oil prices could keep inflation elevated, making it harder for the Federal Reserve to ease monetary policy.

Bitcoin is trading around $80,000 after failing to sustain its recovery toward $85,000. The $80,000–$82,000 zone remains critical, with the 20-day and 50-day moving averages near $81,000–$82,000. The RSI near 41 signals weak momentum, keeping sellers in control in the short term. Immediate resistance lies at $80,700–$81,700, followed by $82,500–$83,400. A sustained move above $83,400 could open the way toward $85,000. On the downside, support sits at $79,400 and $78,100, while a daily close below $79,000 could expose $75,000–$73,000. Ethereum is trading around $2,310–$2,330, facing selling pressure after slipping below key moving averages.

The RSI near 33 indicates weak momentum and near-oversold conditions, but does not confirm a reversal. The 20-day moving average is around $2,440, while the 50-day average is near $2,540, keeping the short-term trend bearish. Support lies at $2,307 and $2,262, with a break below $2,260 potentially exposing $2,200 and $2,100. On the upside, ETH needs to reclaim $2,370–$2,440 to improve its recovery prospects, with a breakout above $2,440 potentially targeting $2,500–$2,550. Traders should monitor volume and RSI for signs of strengthening momentum. Until ETH establishes a higher low and clears resistance, further downside remains possible. BNB is trading around $742, showing relative strength compared with several major altcoins. The RSI near 50 indicates neutral momentum, while the price remains above the 50-day and 200-day moving averages. The 20-day moving average near $742 is an important short-term level. Resistance sits at $744–$746, followed by $753. A breakout above $753 could open the way toward $760–$767. On the downside, support lies at $732 and $722, with a daily close below $722 potentially exposing $710–$700. Bulls need to defend $732 and break through resistance with strong volume to strengthen the recovery outlook. Solana is trading around $100 after declining during the latest market correction. The RSI near 34 signals weak momentum and near-oversold conditions. SOL remains below its 20-day moving average near $106 and its 50-day moving average around $106–$110, keeping the short-term trend bearish. Support lies at $100–$98.50, with a breakdown potentially exposing $95 and $90. On the upside, SOL needs to reclaim $102.50–$106, followed by $110, to improve its recovery prospects. XRP is trading around $1.29, with its technical structure remaining bearish. The RSI near 38 signals weak momentum, while the price remains below key short-term moving averages. Support lies at $1.275 and $1.246, with a daily close below $1.24 potentially exposing $1.20 and $1.10. Resistance stands at $1.31–$1.34, followed by $1.38–$1.43. A breakout above $1.34 would indicate improving buying interest, while reclaiming $1.43 would provide stronger recovery confirmation. Bulls need to defend $1.275 and establish higher lows to prevent further declines. For now, traders should wait for a confirmed support hold or resistance breakout before increasing exposure.

Trader’s Outlook
Bitcoin remains the market's key indicator, with $79,000–$82,000 likely to determine whether the correction stabilises or deepens. Reclaiming $83,400 would improve sentiment, while a daily close below $79,000 could expose $75,000–$73,000. Ethereum needs to recover above $2,370, Solana must defend $98.50–$100, and XRP needs to hold $1.275 and break above $1.34. BNB remains comparatively resilient, but a sustained move above $753 is needed to strengthen its bullish outlook. The Federal Reserve meeting on October 27–28 is a key event this week, with policy guidance potentially triggering volatility across digital assets. Traders should also monitor inflation expectations, bond yields and ETF flows. If Bitcoin holds support, the broader market could attempt a relief rally; a break below $79,000 could intensify selling across altcoins. Avoid chasing sharp price moves, use appropriate position sizes, and set stop-loss levels before entering trades.

Lastly please check out the advancement’s happening in the cryptocurrency world

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