This Thursday's daily crypto market analysis puts Bitcoin at $79,738 against a floor pivot of $80,218, and every major on the board leans bearish. The sections below cover Bitcoin, Ethereum, Solana and XRP in turn, with the support and resistance levels each read is built on.
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
| Pair | Bias | Spot | Pivot | R1 | R2 | S1 | S2 | Invalidation |
|---|---|---|---|---|---|---|---|---|
| BTC/USD | Bearish | $79,738 | $80,218 | $80,821 | $81,903 | $79,135 | $78,532 | $80,821 |
| ETH/USD | Bearish | $2,306.33 | $2,318.21 | $2,345.86 | $2,386.30 | $2,277.77 | $2,250.12 | $2,345.86 |
| SOL/USD | Bearish | $99.58 | $100.34 | $101.57 | $103.64 | $98.27 | $97.04 | $101.57 |
| XRP/USD | Bearish | $1.2888 | $1.3003 | $1.3135 | $1.3385 | $1.2752 | $1.2620 | $1.3135 |
Bitcoin price analysis: BTC/USD trades under its pivot
At $79,738, Bitcoin sits 0.6% beneath the daily pivot ($80,218). Rallies into that line need to prove themselves. Trend filters agree: price is beneath the 50 EMA ($80,579) and the 200 ($81,146).
Momentum is soft: 1H RSI reads 33.2. The ladder reads $81,903 / $80,821 above and $79,135 / $78,532 below. The read fails on a close above $80,821.
ETH/USD support and resistance levels for October 29, 2026
At $2,306.33, Ethereum sits 0.5% beneath the daily pivot ($2,318.21). Rallies into that line need to prove themselves. Trend filters agree: price is beneath the 50 EMA ($2,338.56) and the 200 ($2,371.32).
On the hourly chart RSI is 32.7, a soft reading. Support sits at $2,277.77 (S1) and $2,250.12 (S2). Resistance is $2,345.86 (R1), then $2,386.30 (R2). Invalidation: a close over $2,345.86 cancels this bias.
Solana price analysis: SOL/USD trades under its pivot
Solana changes hands at $99.58, 0.8% under its $100.34 pivot. Sellers have the better of it. Trend filters agree: price is beneath the 50 EMA ($101.26) and the 200 ($102.72).
The 1H RSI at 33.9 puts momentum in soft territory. Support sits at $98.27 (S1) and $97.04 (S2). Resistance is $101.57 (R1), then $103.64 (R2). The read fails on a close above $101.57.
XRP (XRP/USD) xrp price analysis: price holds under the pivot
At $1.2888, XRP sits 0.9% beneath the daily pivot ($1.3003). Rallies into that line need to prove themselves. Trend filters agree: price is beneath the 50 EMA ($1.3134) and the 200 ($1.3131).
Momentum is oversold: 1H RSI reads 29.5. The ladder reads $1.3385 / $1.3135 above and $1.2752 / $1.2620 below. If price closes above $1.3135, drop the bearish view.
The contrarian case: what could go wrong with today's crypto trading signals
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. Oversold readings in Bitcoin (33.2) and Ethereum (32.7) and Solana (33.9) and XRP (29.5) raise the odds of a relief bounce even inside a downtrend.
Macro backdrop for crypto market analysis
Crypto still trades as a risk asset, so US rate expectations, dollar strength and liquidity conditions can override any pivot level. A hot inflation print or a hawkish central bank headline is the usual trigger for a sudden reversal.
Bottom line and how to use these levels
Bottom line for October 29, 2026: this daily crypto market analysis has Bitcoin bearish around $80,218 and every major on the board leans bearish. Treat the support and resistance levels as decision points, size positions to the invalidation levels, and expect the read to be refreshed tomorrow.
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.