Bitcoin's 50-day moving average, about $81,784 on CoinGecko daily closes, had acted as a floor since August. Friday's daily candle closed below it for the first time in roughly two months, and the follow-through came on Saturday, when thin weekend liquidity helped push the price to about $79,146, according to Bitcoin.com News. By early afternoon it was trading between $79,400 and $79,700 before climbing back over $80,000. Forced selling did much of the work. A Coinglass reading cited in a Saturday afternoon report showed more than $810 million of crypto positions liquidated over 24 hours, about $689 million of them longs, across more than 200,000 traders, up from $495.74 million in a morning snapshot. The backdrop gave bulls little to hold onto. President Trump said Friday that "we may do another operation against Iran," Brent crude rose above $117, the Dow fell 652 points, and spot bitcoin funds added $137.94 million of Friday outflows to Thursday's $635 million. Support now sits at $78,400 and $77,876, then a wider band from $76,700 to $72,500, while the old 50-day line near $81,700 to $81,800 becomes resistance. Peter Schiff wrote that "the next stop is likely $75K." CoinDesk showed bitcoin at $80,544.56 on Sunday, up 0.14%, with the Fed decision due October 28 and PCE inflation data on October 29.
October 25, 2026
Bitcoin Breaks Its 50-Day Average and Tags $79,146 as Weekend Liquidations Pile Up
Original reporting: news.bitcoin.com ↗