Bitcoin Tests Key Support as Price Slides Toward $77K
Bitcoin has fallen below $80K support and is now testing a major demand zone around $77K.
Bitcoin has fallen below $80K support and is now testing a major demand zone around $77K. Bitcoin (BTC) is trading at ₹74,04,496 ($77,901.00), up 0.1% since this brief published. This is an original Token Times brief based on reporting by CryptoPotato, with live market data added, as of Sun, 01 Nov 2026 12:15:01 UTC.
The current price action is testing a critical support level that could determine Bitcoin's short-term trend. Breaking below could trigger further selling, while holding the level might attract buyers.
- Bitcoin has fallen below $80K support level
- Current price is testing major daily demand zone around $77K
- On-chain data shows price nearing recent holders' cost basis
- BTC market cap remains above $1.5T despite recent decline
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- Bitcoin Tests Key Support as Price Slides Toward $77K — this brief
Bitcoin's price has declined to the $77K region after losing the key $80K support level. This downward movement has brought the price to a critical juncture where it is testing a major daily demand zone.
On-chain data indicates that the current price is approaching the average cost basis of recent buyers, which could provide some support as holders may be reluctant to sell at a loss.
The daily chart shows a decisive break below the previous ascending trend, suggesting potential for further downside if the $77K level fails to hold.
Despite the recent decline, Bitcoin's market cap remains above $1.5T, and the overall crypto market is relatively stable with a total market cap of $2.68T.
The Fear & Greed index currently stands at 34, indicating a 'Fear' sentiment in the market. This suggests that investors are cautious but not yet in a state of extreme panic.
Since this brief published about 6 hours ago, Bitcoin (BTC) has moved from ₹73,95,180.75$77,803.00 to ₹74,04,495.66$77,901.00 — +0.13%.
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.
At today's peer-to-peer rate, 1 BTC ≈ ₹8.06M (about $77,901.00), up 0.5% over 24 hours. The rupee itself trades about 8.9% 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 Tests Key Support as Price Slides Toward $77K — questions & answers
What is the current support level for Bitcoin?
Bitcoin is currently testing a major daily demand zone around $77K after losing the $80K support level.
Why is the $77K level important for Bitcoin?
The $77K level is important because it represents a major demand zone and is close to the average cost basis of recent holders, which could influence market behavior.
How is the overall crypto market performing?
The overall crypto market is relatively flat with a total market cap of $2.68T, indicating stability despite Bitcoin's recent decline.
How much is 1 Bitcoin worth in rupee today?
About ₹8.06M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $77,901.00. 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 0.13% since this brief first published — trading at ₹74,04,496 ($77,901.00) now versus ₹73,95,181 ($77,803.00) 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 CryptoPotato. 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.