Bitcoin Slips Despite Saylor's $100K Prediction, Eyes $76.5K Support
Bitcoin's recent decline contrasts with Michael Saylor's bullish $100K price forecast within a year.
Bitcoin's recent decline contrasts with Michael Saylor's bullish $100K price forecast within a year. Bitcoin (BTC) is trading at ₹77,45,576 ($81,279.00), down 0.5% since this brief published. This is an original Token Times brief based on reporting by Blockonomi, with live market data added, as of Thu, 29 Oct 2026 16:45:01 UTC.
The divergence between Saylor's optimistic prediction and Bitcoin's technical weakness highlights the current uncertainty in the market, with key support levels at stake.
- Bitcoin price dropped ~5% this week, nearing $76,500 support.
- Michael Saylor predicts Bitcoin will reach $100K in 12 months.
- Market sentiment remains neutral despite recent price fluctuations.
Bitcoin has experienced a 5% decline over the past week, with its price currently hovering just below $80,000. The cryptocurrency is approaching a key support level around $76,500, which will be closely watched by traders and investors.
In contrast to the recent price action, Michael Saylor, a prominent Bitcoin bull, has predicted that the cryptocurrency will reach $100,000 within the next 12 months. Saylor's optimistic outlook is based on his belief in Bitcoin's long-term potential and its role as a hedge against inflation.
The discrepancy between Saylor's bullish forecast and the current market trend underscores the uncertainty in the crypto market. While some investors may be swayed by Saylor's confidence, others may be more cautious given the recent price decline.
The broader crypto market has been relatively stable, with the total market cap remaining around $2.8 trillion. Bitcoin's 24-hour price change shows a modest increase of 1.52%, although its 7-day performance is slightly negative at -0.15%.
The Fear & Greed Index currently stands at 51, indicating a neutral sentiment among market participants. This suggests that investors are adopting a wait-and-see approach, possibly awaiting further clarity on macroeconomic factors such as potential Federal Reserve rate hikes.
Since this brief published about 45 minutes ago, Bitcoin (BTC) has moved from ₹77,84,266.01$81,685.00 to ₹77,45,575.78$81,279.00 — -0.50%.
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; intraday detail builds over the first day). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Bitcoin reach $82,500 in October?
Crowd-implied probability on Polymarket, ₹10.58M 24h volume, resolves Nov 1 — snapshotted when this brief published (Oct 29 16:05 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 ≈ ₹8.55M (about $81,279.00), up 1.1% over 24 hours. The rupee itself trades about 10.4% 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 assets in this story — live, source-stamped, updated every 15 minutes.
Bitcoin Slips Despite Saylor's $100K Prediction, Eyes $7 — questions & answers
What is Michael Saylor's Bitcoin price prediction?
Michael Saylor predicts Bitcoin will reach $100,000 within the next 12 months.
Why is Bitcoin's price declining?
Bitcoin's price is declining due to a combination of market uncertainty and potential macroeconomic factors, such as the possibility of Federal Reserve rate hikes.
What is the current support level for Bitcoin?
Bitcoin's current support level is around $76,500.
How much is 1 Bitcoin worth in rupee today?
About ₹8.55M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $81,279.00. 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 down 0.50% since this brief first published — trading at ₹77,45,576 ($81,279.00) now versus ₹77,84,266 ($81,685.00) 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 Blockonomi. 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.