Crypto majors test critical support as Bitcoin hits 200-day average

Bitcoin (BTC) is trading around $76,650 as of October 30, testing the 200-day moving average near $76,400–$76,600 following a rejection from the $81,000–$82,000 resistance zone. The broader market has seen significant volatility, with Binance Coin (BNB), XRP, and Ethereum (ETH) all breaking below key technical support levels. Bitcoin has fallen through several short- and medium-term moving averages, leaving the 200-day average as the immediate line of defense. Immediate support sits at $76,000–$76,500. If sellers push through this zone, the next downside targets are approximately $74,000 and $72,000, with the $70,000 psychological level further below.

Source: The Currency Analytics