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Entry is the asset's closing price on the publication date. Current is the last close on record.
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Entry $80,029.43 27 Oct 2026Current $81,259.00 29 Oct 2026Result +$1,229.57vs. index — BTC is the benchmark here — there is no excess to measure
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…ates tomorrow is priced in with a possible cut the following month. And then, of course, they are finally here. The midterms are about to happen. This will be a clearing event for the stock market. This will be a clearing event for crypto. So, buy the dip. Bitcoin has already been dipping. Of course, if there's more dip in the next couple weeks, I think that is a major buy. And the market setup, the market over moving averages actually still looks really good. Even if we dip down to 75, maybe even wick into the low 70s. Bitc…
So, buy the dip. Bitcoin has already been dipping.
AI-extracted context The midterms are about to happen. This will be a clearing event for the stock market. This will be a clearing event for crypto. So, buy the dip. Bitcoin has already been dipping. Of course, if there's more dip in the next couple weeks, I think that is a major buy. And the market setup, the market over moving averages actually still looks really good.
Full Transcript
Sometime in the next 12 months, I would think we'll go through 100,000. >> Buying Bitcoin at 80K today is a lot like buying Bitcoin at around 30K at this point in 2023. And take a closer look. It's not that Bitcoin didn't fall a little bit lower from 30K. It's not like Bitcoin hasn't fallen a little bit lower, but after this shortterm consolidation price action clearing event, the market pumped higher. Eventually, the sellers were exhausted and there were too many fundamental reasons why Bitcoin and crypto should pop and they did. So, this is the calm before the storm. Let's talk about what happens next with Bitcoin and crypto for the next 30 days, for the rest of the year, and into 2027. Do not be fooled by the shortterm price action happening today. Smash the like button if you appreciate us keeping you informed with all of the market movers. Let's talk about them. Prepare for volatility this week. Tomorrow, FOMC decision. Will the Fed cut, raise, or hold interest rates. At this point, the Fed holding interest rates tomorrow is priced in with a possible cut the following month. And then, of course, they are finally here. The midterms are about to happen. This will be a clearing event for the stock market. This will be a clearing event for crypto. So, buy the dip. Bitcoin has already been dipping. Of course, if there's more dip in the next couple weeks, I think that is a major buy. And the market setup, the market over moving averages actually still looks really good. Even if we dip down to 75, maybe even wick into the low 70s. Bitcoin, >> but the market has to go lower. The stock market's going to crash and then the market has to go lower. Just like if you remember 3, four months ago when Bitcoin's price was around 60K, everybody and their mothers were paring. I'm going to buy the Bitcoin bottom in October of 2026. And now here we are 40% up from the lows. was 50% up from the lows. Do you really think these prices are coming back? I'll be honest, the sentiment out there right now is brutal. Bears have quickly come back declaring victory. Michael Sailor arguing with All-In tech billionaire podcast host Jason Calcunis, who just put out a post, "A brutal year for Bitcoin is just getting started. Why would you put resources into a dead network that that offers nothing beyond a store of value when AI exists? We will test the 57k lows again in the next 12 months and then head lower. No one is saying that Bitcoin can change the world anymore because it won't and because AI has. So he says money is going to continue to flow into AI and Bitcoin will never break its all-time high again. sailor reminding Jason Calcunis that AI will create infinite resources and Bitcoin is provable scarcity, a way to preserve and transfer your assets across time and space. I like this, so I'm going to support this. The mainstream media refuses to report, however, that every couple of years, Jason actually says the same thing. 2015, 17, 18, 18, 2019, 2019, 22, 26. Jason is always calling for Bitcoin to go to zero. >> I think Bitcoin has an equal chance of going to zero as it does to $1,000 again. I think it could be like the first person up the hill who fails, you know. >> So, this is very dangerous territory. I would advise people to be very careful and it's certainly a bubble. And there's a a very significant, I would say maybe a third chance that Bitcoin goes to zero. Bitcoin 0 is still the likely case. 60 to 70%. $3,700. Ouch. Bitcoin will likely be replaced by a new technology. It will likely go to 0 to $500. Bitcoin is likely MySpace, Yahoo, or Palm. It might hit 100,000 a coin before going to zero. We will see. >> Bitcoin is a great technology. It's been proven uh pretty robustly over a decade, but it will be replaced by a better technology. We will test the 57,000 low again in the next 12 months. Bitcoin will never break its all-time high again. The sentiment in the market is so bad right now. I mean, Bitcoin traded above 100K for about 7 months. It's crazy to me that so many people don't seem to believe that Bitcoin can trade above 100K again. Everybody sharing charts about how Bitcoin is about to nuke. a clear bare flag and just looks to me like it wants to roll over and drop heavily. This of course is an inverted chart and you can easily make the argument that Bitcoin is going to pop higher, but that really isn't the sentiment right now. And I like what Matt Hogan said about this on the rollup podcast. Why does the market feel so pessimistic right now? The CIO Vitwise thinks that it comes down to two timelines running at the same time. The first is shortterm and full of risk. The second is slow and bullish. People naturally focus on the short-term shocks as that is wired into us. But what is hiding and not being discussed right now is the long-term extraordinarily great setup. I I believe this. >> I think the challenge for people is that a lot of the short-term catalysts feel negative. There could be a shock moment with the AI bubble. There could be a shock moment from the Fed. There could be a shock moment around the election. And then the bullish catalyst specifically for crypto are very long-term, right? It's about 300,000 financial advisers deciding finally to make a 2% allocation to crypto. It's about regulation. Like the Genius Act hasn't even really gone into effect. These things take a very long time. So there's these two different timelines playing out. A slow bullish timeline and then a short risk timeline. And it's just natural from an evolutionary perspective to focus on those short-term shock moments. I think that that's conditioning people to feel pessimistic in what is honestly a long-term extraordinarily great setup, particularly for crypto. And altcoins continue to make big moves behind the scenes. Ripple receives final OC approval to establish National Trust Bank. At the same time, big step for Robin Hood, bigger step for XRP. Ripple and Robin Hood, XRP and Hood announced a strategic partnership to expand its stable coin adoption and Robin Hood integrating and using Ripple and vice versa in a big way. And so we're seeing Ripple make more of a dent in the stable coin market. Ethereum still leads by far, but 24 billion in stable coins are now deployed across DeFi. Ethereum is becoming less of a casino nowadays and more of DeFi's bank with TVL, DEX volume, L2s, so many metrics just continuing to increase and explode with usage. There was a day back in the day where nobody thought that Binance and NASDAQ would work together. And yet, here we are with BNB on NASDAQ in New York City. If you're bullish on AI, you should be bullish on crypto. Injective launches onchain index of Nvidia GPU rental prices, allowing anyone to trade AI compute costs with up to 10x leverage. I think Bitcoin is undervalued. If you think that Bitcoin is undervalued, I think you would also think that Ethereum is even more undervalued. It's trading more than one standard deviation below its mean price. when things this cycle for Ethereum are so much more bullish than before. So maybe it happens by Christmas, maybe it happens in Q1 of next year, but when Bitcoin gets back to 125,000, I believe Ethereum will greatly outperform Ethereum could easily be at 10K by then. The market might go through a big repricing. My name is Aaron. This is Altcoin Daily. The future for Bitcoin and crypto is bright. I will leave you with this clip from Bitcoin Magazine TV and friend of the channel analyst Sean Hagen who reminds us that Bitcoin is now 5% above its 50week moving average and has held above it for six weeks straight. It is our belief that this is evidence that we are in the early innings of a bull market. And again, the awful sentiment in the market makes me believe that what he's saying here is true. you listen, let me know in the comments. >> 50we moving average, as I've said before, it's historically been the line in the sand between a bull and bare markets for Bitcoin. Bitcoin reclaimed its 50we moving average in mid-Sepptemeber, and there's been no retest, but Bitcoin has been trading down um even occasionally below 80,000 over the past couple days, raising the question, what would happen if the price were to come back towards the 50we moving average and test it? uh you know the three past reclaims after a long bare market 2015, 2019, 2023, they all ran well clear of that line and then came back to test it later uh 29 to 127 weeks in. And the three comparable cases, the line held twice. So in 2015 and in 2023, you know, none of those three had retested 6 weeks in. So today's weight is not necessarily out of step by any means, but this reclaim is much weaker in weeks one through six. All three prior examples closed at least 22% above the line. So the long bear uh behind it uh matches the bounce. So far it doesn't. The line is currently near 76,000. Um, you know, fell about $500 last week. A retest right now would start around $77,600. The warning sign would be a weekly close back below that line. History says that um, you know, we probably will retest it, right? Just based on historical performance case. Um, and keep in mind that that line keeps dropping through January. So, it's better that we test it now than later. And, you know, the odds are in fact stacked that it holds. Um, and if it doesn't hold this time, then something would be very different about this market cycle.
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