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Daily Market Analysis, November 2, 2026

Bitcoin Price Analysis for November 2, 2026: $78,323 Pivot Turns Resistance as Altcoins Follow

• 3 min read • CryptoTradeForecast Research Desk

Start with the number that matters today: the $78,323 floor pivot on BTC/USD. With spot at $78,295 the daily crypto market analysis reads bearish, and the whole four-coin set tilts to the downside. What follows is the coin-by-coin breakdown.

What is a floor pivot?

A floor pivot is a price level worked out from the prior session's high, low and close. Traders use it as the day's reference point: price above it tends to favour buyers, price below it favours sellers, and the resistance (R1, R2) and support (S1, S2) levels around it mark likely turning points.

Support and resistance levels at a glance

PairBiasSpotPivotR1R2S1S2Invalidation
BTC/USD Bearish $78,295 $78,323 $78,712 $79,129 $77,906 $77,516 $78,712
ETH/USD Bearish $2,289.97 $2,289.93 $2,314.36 $2,338.75 $2,265.54 $2,241.11 $2,314.36
SOL/USD Bearish $94.84 $94.77 $95.84 $96.83 $93.78 $92.71 $95.84
XRP/USD Bearish $1.2526 $1.2517 $1.2635 $1.2743 $1.2409 $1.2291 $1.2635

Bitcoin price analysis: BTC/USD trades under its pivot

Spot Bitcoin is 0.0% below the $78,323 pivot, at $78,295. The pivot now works as a ceiling. The moving averages disagree, with the 50 EMA at $77,916 and the 200 at $79,249 on opposite sides of price.

On the hourly chart RSI is 59.3, a balanced reading. The ladder reads $79,129 / $78,712 above and $77,906 / $77,516 below. The read fails on a close above $78,712.

Ethereum price prediction: ETH/USD trades above its pivot

Spot Ethereum is 0.0% above the $2,289.93 pivot, at $2,289.97. The day starts on the buyers' side. The model still carries a bearish bias, so treat price holding above the pivot as a test rather than a confirmation. The moving averages disagree, with the 50 EMA at $2,266.67 and the 200 at $2,299.46 on opposite sides of price.

Momentum is firm: 1H RSI reads 61.8. Downside levels to watch: $2,265.54 and $2,241.11. Above price, $2,314.36 and $2,338.75 are the resistances. The read fails on a close above $2,314.36.

SOL/USD support and resistance levels for November 2, 2026

Solana trades at $94.84, 0.1% above its $94.77 pivot. That keeps buyers in charge for now. The model still carries a bearish bias, so treat price holding above the pivot as a test rather than a confirmation. Trend filters cut against the pivot: price is beneath the 50 EMA ($95.25) and the 200 ($98.79).

On the hourly chart RSI is 50.2, a balanced reading. Downside levels to watch: $93.78 and $92.71. Above price, $95.84 and $96.83 are the resistances. Invalidation: a close over $95.84 cancels this bias.

XRP/USD support and resistance levels for November 2, 2026

At $1.2526, XRP is holding 0.1% over the daily pivot ($1.2517). Dips toward that line are where buyers have to show up. The model still carries a bearish bias, so treat price holding above the pivot as a test rather than a confirmation. The moving averages disagree, with the 50 EMA at $1.2518 and the 200 at $1.2809 on opposite sides of price.

On the hourly chart RSI is 52.4, a balanced reading. The ladder reads $1.2743 / $1.2635 above and $1.2409 / $1.2291 below. Invalidation: a close over $1.2635 cancels this bias.

Risks and the other side of the trade

Unanimous bearish readings are often late. If sellers are this one-sided, a sharp short-covering bounce toward the pivots is the risk to respect.

Macro backdrop for crypto market analysis

Macro is the wild card. Rate-cut expectations, ETF inflow data and moves in the dollar index regularly push all four coins together, whatever their individual levels say.

Bottom line and how to use these levels

The short version: BTC/USD is bearish against $78,323, and the whole four-coin set tilts to the downside. Use the levels above as the map, keep risk to the invalidation points, and check back for the next update.

This analysis is educational market commentary built from computed technical levels. It is not investment advice, and crypto assets can lose value quickly. Verify any trade against your own risk limits.

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