Key Takeaways
- • Bitcoin fell near $79,750 in early trade on October 29, 2026, down 1.63% over 24 hours and 3.71% over the week, after slipping back below $80,000 from resistance at $81,500-$82,000.
- • The Federal Reserve held rates at 3.75%-4.00%, but two policymakers favored a 25 basis point hike, keeping further tightening on the table and disappointing traders seeking a dovish signal.
- • US spot Bitcoin ETFs drew $1.3 million in inflows, while Ethereum ETFs added $23.4 million, led by Fidelity's FETH, signaling measured institutional participation.
- • Analysts flag immediate support at $79,500-$79,800 and then $77,700-$78,000, with resistance between $80,400 and $81,200.
- • Analysts advise staggered entries and measured position sizing, with attention on ETF flows, support levels and upcoming US economic data and big-tech earnings.
Summary
Bitcoin traded near $79,750 in early trade on October 29, 2026, according to Moneycontrol, giving back gains from a post-Fed rally. The token fell 1.63% over the prior 24 hours and 3.71% over the week. The decline followed the US Federal Reserve's decision to hold its policy rate at 3.75%-4.00%, a decision that reduced the immediate risk of tighter US financial conditions but was read as hawkish.
Riya Sehgal, Research Analyst at Delta Exchange, said the rally faded after BTC met strong resistance around $81,500-$82,000. She noted that while rates were unchanged, two policymakers favored a 25 basis point hike, keeping the possibility of further tightening alive and disappointing traders looking for a clearer dovish signal.
Institutional flows remained positive but modest. US spot Bitcoin ETFs attracted $1.3 million, while Ethereum ETFs added $23.4 million, led by Fidelity's FETH. Nishchal Shetty, Founder of WazirX, said buyers remain present but stronger participation is needed to rebuild momentum, cautioning that profit-taking, derivatives positioning, exchange supply and macro uncertainty can absorb institutional buying before it produces an equivalent spot-price response.
Technical levels cited by the analysts put immediate support at $79,500-$79,800, followed by $77,700-$78,000, with resistance at $80,400-$81,200. Holding the first support zone could stabilize the structure, while reclaiming resistance would improve short-term momentum.
Vikram Subburaj, CEO of Giottus, said persistent inflation and the possibility of further tightening limit confidence in a sustained recovery, and recommended staggered entries, measured position sizing, and monitoring of support levels, ETF flows and upcoming US economic data. Attention now turns to earnings from major US technology companies, which could influence sentiment across financial markets, including crypto.
Riya Sehgal, Research Analyst at Delta Exchange, said the rally faded after BTC met strong resistance around $81,500-$82,000. She noted that while rates were unchanged, two policymakers favored a 25 basis point hike, keeping the possibility of further tightening alive and disappointing traders looking for a clearer dovish signal.
Institutional flows remained positive but modest. US spot Bitcoin ETFs attracted $1.3 million, while Ethereum ETFs added $23.4 million, led by Fidelity's FETH. Nishchal Shetty, Founder of WazirX, said buyers remain present but stronger participation is needed to rebuild momentum, cautioning that profit-taking, derivatives positioning, exchange supply and macro uncertainty can absorb institutional buying before it produces an equivalent spot-price response.
Technical levels cited by the analysts put immediate support at $79,500-$79,800, followed by $77,700-$78,000, with resistance at $80,400-$81,200. Holding the first support zone could stabilize the structure, while reclaiming resistance would improve short-term momentum.
Vikram Subburaj, CEO of Giottus, said persistent inflation and the possibility of further tightening limit confidence in a sustained recovery, and recommended staggered entries, measured position sizing, and monitoring of support levels, ETF flows and upcoming US economic data. Attention now turns to earnings from major US technology companies, which could influence sentiment across financial markets, including crypto.
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