Bitcoin Drops Below $81K as 50-Day Moving Average Support Breaks
Bitcoin's price fell below its 50-day moving average for the first time since August, triggering significant long liquidations.
Bitcoin's price fell below its 50-day moving average for the first time since August, triggering significant long liquidations. Bitcoin (BTC) is trading at ₹76,68,685 ($80,692.00), up 0.1% since this brief published. This is an original Token Times brief based on reporting by Bitcoin.com, with live market data added, as of Sat, 24 Oct 2026 12:45:02 UTC.
The breach of the 50-day moving average, a key technical indicator, suggests a potential shift in market sentiment from bullish to neutral or bearish. This level had previously acted as strong support, with buyers consistently stepping in to prevent further declines.
- Bitcoin closed below its 50-day moving average for the first time since August.
- $318 million in long positions were liquidated in a single day.
- The 50-day MA had previously served as a strong support level for two months.
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- Bitcoin Drops Below $81K as 50-Day Moving Average Support Breaks — this brief
Bitcoin's price dropped below its 50-day moving average for the first time since August, marking a potential shift in market sentiment. This moving average had previously acted as a strong support level, with buyers consistently stepping in to prevent further declines.
The breach of this key technical level resulted in significant long liquidations, with $318 million in long bets wiped out in a single day. This indicates that many traders had positioned themselves for a continued uptrend and were caught off guard by the sudden downturn.
The 50-day moving average is a widely followed indicator in technical analysis, and its breach could signal a change in the short-term trend. Traders will be watching to see if this level now acts as resistance, potentially capping any near-term rallies.
In the broader market context, the total crypto market cap stands at $2.76 trillion, with Bitcoin's market cap at $1.62 trillion. Bitcoin's 24-hour price change is -1.18%, reflecting the overall downtrend in the market.
The Fear & Greed Index currently sits at 51, indicating a neutral sentiment. This suggests that while the market is not in a state of extreme fear, it is also not overly optimistic following the recent price action.
Since this brief published about 2 hours ago, Bitcoin (BTC) has moved from ₹76,60,131.33$80,602.00 to ₹76,68,684.61$80,692.00 — +0.11%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Bitcoin dip to $80,000 October 19-25?
Crowd-implied probability on Polymarket, ₹8.65M 24h volume, resolves Oct 26 — snapshotted when this brief published (Oct 24 11:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by Token Times and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₹8.39M (about $80,692.00), down 1.2% over 24 hours. The rupee itself trades about 9.4% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Bitcoin Drops Below $81K as 50-Day Moving Average Support Br — questions & answers
What is the significance of the 50-day moving average?
The 50-day moving average is a key technical indicator that helps traders identify the short-term trend. A breach of this level can signal a potential shift in market sentiment.
How much was liquidated due to the price drop?
$318 million in long positions were liquidated in a single day.
What is the current market sentiment?
The Fear & Greed Index is at 51, indicating a neutral sentiment.
How much is 1 Bitcoin worth in rupee today?
About ₹8.39M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $80,692.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.11% since this brief first published — trading at ₹76,68,685 ($80,692.00) now versus ₹76,60,131 ($80,602.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Bitcoin.com. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.