Bitcoin Crash OVER? (LIVE Crypto Trading)
Wednesday, 28 October 2026 · 3 min read · Listen to the episode ↗
Bitcoin’s crash may be nearing its end, but traders see no confirmed bullish turn: BTC was testing roughly $80,700 beneath $81,000 resistance, with $79,600 support and a possible pullback toward $78,400–$78,500. Chart signals showed some stabilization, while descending VWAP and overhead resistance called for caution. The episode also tracks altcoin setups, including VVV’s rebound and Akash’s longer-term potential.
Bitcoin may be nearing the end of its crash, but the trading outlook remained a toss-up, not a confirmed turn bullish. It was trading around $80,050–$80,700 and testing a local shelf near $80,700 while struggling below resistance around $81,000. The hourly money flow was moving from red toward green, and the four-hour chart looked more constructive, with momentum washouts making higher lows and green dots. The weekly chart did not look especially concerning to the speaker, who also saw a bump-and-run pattern developing, but the sharply descending VWAP and overhead resistance argued for caution.
The main levels were resistance near $81,500–$81,700 and support around $79,600, with liquidity near $79,100 and $78,800. A rejection around $81,000 could pull Bitcoin into the high $78,000s; $78,500 was a possible swing-long area, though price might overshoot it by several hundred dollars while clearing stops. A trading bot and a separate AI analysis each estimated a 60–65% chance of a move to roughly $78,400–$78,500, with the AI estimate covering seven days. The speaker had not entered a Bitcoin trade while waiting for the 15-minute chart and planned for both directions rather than choosing a side prematurely.
Possible setups included an insurance short near $81,000, to be closed if price broke above the support line, and a swing long near $78,500 with a possible $75,000 take-profit. Later, the trader described waiting for a breakout, with a long idea using a stop around $78,600–$78,800 and a short idea near $81,600 with a stop. The speaker had dry powder but was building a new Tether balance and was not ready to deploy it aggressively. Bitcoin was also described as potentially ranging between $75,000 and $87,000 for a while, with no near-term signal of “glow-up season.”
Whether the flush toward $79,100 had cleared enough downside liquidity was still uncertain. The speakers expected market makers might take liquidity on both sides; one leaned toward a move lower first but allowed for a brief rally that could liquidate shorts. Asian stock sell-offs were adding overnight pressure, although Bitcoin was said to be relatively unaffected. ETF flows were slightly positive but slowing, with higher lows in outflows. Bitcoin dominance looked strong, and Bitcoin was outperforming many altcoins. Those factors supported relative resilience without resolving the near-term direction.
The daily red-money-flow period had lasted about five days, compared with earlier periods of roughly 49, 65, and 63 days. The speaker cautioned against treating a historical Bollinger Band comparison as a reliable forecast: the current bands were already unusually compressed, while the earlier comparison included the SVB banking crisis and its sharp sell-off and bounce. The chart signals therefore offered some evidence of stabilization, but not a clear basis for declaring the downturn finished.
VVV had defended a bounce area near $21 and risen about 20% from there; the speaker noted that it was climbing as Bitcoin approached a critical level and regretted not holding a weekend long. Later, the trader said they had gone long VVV and that it was still running, describing narrative coins catching bids as a good sign. Casper was seen as potentially finding a bounce around 3.3–3.5 cents. The trader also planned to try small positions in Zcash and Morpho and put “Acosh” on the portfolio watch list.
Matt said Akash’s weekly chart looked strong, though its four-hour chart was choppy. The speakers said it had held up through two bull cycles, with prior highs around $8 and $6.70; they also cited full circulation, a rank of 133rd, and a market capitalization of about $200 million. Akash was described as moving from the Cosmos ecosystem to Solana, while Cosmos might undergo a slow wind-down. The speakers cautioned that marketplace growth may not translate directly into token demand, making Akash worth monitoring but not, for one speaker, a candidate for leveraged trading. The next Bitcoin halving was estimated for April 11–13, 2028, assuming the current hash rate, with the block reward expected to fall from 3.125 BTC to 1.5625 BTC.
This summary was generated from the episode transcript and can contain mistakes.