Bitcoin Slips Below $80,000: What Four Analysts Say About the $77,000 Line

Bitcoin slipped below $80,000 on October 24, and several well-known analysts reacted within hours. Their message is consistent: $80,000 was the line to hold, and the next level to watch is $77,000. Below is what they said, with their original posts embedded.

In brief

• Bitcoin fell under $80,000 and Ethereum under $2,300 on October 24.
• Analysts are watching $80,000 as resistance on any bounce and $77,000 as the level that decides the trend.
• A quick sweep of the low followed by a recovery is the outcome some analysts prefer; a deep break is the risk.

Ted Pillows: buyers needed to hold $80,000

Ted Pillows posted in the morning, before the break, that Bitcoin was approaching $80,000 and that buyers had to defend it.

$BTC is now approaching $80,000. Buyers need to hold above it, or things could get ugly.

— Ted Pillows (@TedPillows) October 24, 2026

Michaël van de Poppe: a sweep is fine, a deep one is not

Dutch analyst Michaël van de Poppe said the market was moving toward the lower bound of the recent range. He would prefer a sweep of the low followed by a quick bounce. A deep correction below $77,000, he suggested, would be a different story. Elsewhere he has described that level as the one whose loss would end the current uptrend and open a longer sideways phase.

There we go. Markets are moving towards that lower bound of this area. To be fair, you’d much rather want to see a sweep of that low and a quick bounce back up on #Bitcoin. I don’t want to see a deep correction taking place in which it sweeps sub $77,000 as that would mean…

— Michaël van de Poppe (@CryptoMichNL) October 24, 2026

Crypto Rover: “It’s starting…”

Crypto Rover shared a chart showing price dropping below a marked support zone. He treats the short-term picture as weak until Bitcoin climbs back above that zone.

Bitcoin: It’s starting…

— Crypto Rover (@cryptorover) October 24, 2026

Merlijn The Trader: “Rektober is here”

Merlijn The Trader pointed to the wider market, noting that Ethereum also lost $2,300. He offered no price target, only a warning that weakness is spreading beyond Bitcoin.

BREAKING: BITCOIN BROKE $80,000 ETHEREUM BROKE $2,300 REKTOBER IS HERE!

— Merlijn The Trader (@MerlijnTrader) October 24, 2026

What the posts have in common

None of the four gives a forecast with a date, and their tone ranges from cautious to dramatic. What they share is the map: $80,000 on the upside and $77,000 on the downside. Other analysts also point to the $72,400 to $76,600 band and the 50-week average near $76,100 as deeper support if selling continues. These are opinions from social media, not investment advice.

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Sources:

• Crypto Insiders: Dit zeggen analisten over Bitcoin vandaag
• The Coin Republic: Analyst Flags Three Bitcoin Price Levels to Watch During Pullbacks