Archived edition from November 2, 2026. Latest version: Bitcoin Price Analysis: BTC Levels, Funding and Outlook
Bitcoin starts the week at $78,133, -2.51% over the past seven days and -7.81% over 30 days. Last week’s range ran from $76,265 to $81,970. BTC sits between its key moving averages — above some and below others — so the trend picture is mixed.
Summary
- Trend: Mixed (price vs. EMA 20 / 50 / 200)
- Momentum: daily RSI(14) at 38.8 — below the midline, pointing to soft momentum
- Volatility: average true range of $1,887 per day (2.41% of price)
- Support / resistance: $76,265 / $86,994 (30-day range)
Trend and moving averages
| Indicator | Level | BTC vs. level |
|---|---|---|
| EMA 20 (daily) | $80,258 | -2.65% |
| EMA 50 (daily) | $80,290 | -2.69% |
| EMA 200 (daily) | $76,463 | +2.18% |
The 20-day EMA is below the 50-day EMA, so short-term momentum is lagging the medium-term trend. Trading volume over the past week is +15% versus the 30-day average, showing increased participation.
Key levels to watch
| Level | Price | Distance |
|---|---|---|
| 90-day high | $87,399 | +11.86% |
| 30-day high (resistance) | $86,994 | +11.34% |
| Last week’s high | $81,970 | +4.91% |
| Last week’s low | $76,265 | -2.39% |
| 30-day low (support) | $76,265 | -2.39% |
| 90-day low | $62,522 | -19.98% |
Scenarios for the week
Upside: a daily close above last week’s high at $81,970 would put the 30-day high at $86,994 in focus.
Downside: losing last week’s low at $76,265 would expose the 90-day low around $62,522.
With a daily ATR of about $1,887, a stop placed one ATR away from entry is roughly 2.4% — use the position size calculator to size trades around that distance.
Derivatives
Perpetual funding for BTC is 0.0081% per 8 hours on OKX (longs paying shorts), with open interest of $2.62B. Funding is moderate, suggesting positioning is not stretched.
Recent Bitcoin headlines
- Bitcoin steadies at $78k after October losses; Binance resumes withdrawals — Google News
- Bitcoin ETFs lost $643 million in outflows Friday, and 2026 is barely green now — CoinDesk
- Bitcoin, Ether Forecast: $6B Binance Hack Rattles BTC/USD and ETH/USD — Google News
- Bitcoin price at $78,443: October's spot ETF flows — Google News
Track BTC live on its price page and check this week’s macro events on the economic calendar.
This analysis is generated automatically from daily exchange data (Binance / OKX / Kraken) on November 2, 2026. Technical levels describe past price behaviour and are not a forecast or financial advice.
Questions traders ask
What is the Bitcoin (BTC) outlook for Nov 2–8, 2026?
Trend: Mixed (price vs. EMA 20 / 50 / 200). Momentum: daily RSI(14) at 38.8, below the midline, pointing to soft momentum.
What are the key Bitcoin support and resistance levels?
Support is at $76,265 and resistance at $86,994 (30-day range).
How volatile is Bitcoin in the week of Nov 2–8, 2026?
Average true range of $1,887 per day (2.41% of price).
How often is the Bitcoin analysis updated?
Every week. BProud publishes a new weekly outlook for Bitcoin and the other major coins, with live prices on the coins page.
