Only Two Outcomes Matter for Bitcoin Now - $100K or $70K
1 extracted signal · 0 resolved · 1 still active
Milk RoadIndependent analyst profile- Source published
- 26 Oct 2026, 19:00 UTC
- Recorded by Tahlil Plus
- 26 Oct 2026, 23:27 UTC
AI-generated source summary
The analysis points to Bitcoin's current trading range, specifically noting its ability to hold around the $80k mark, despite recent dips below the 50-week moving average. The speaker suggests that while the market is not yet in a clear bull market, Bitcoin's resilience relative to other risk assets is a positive sign. Key levels to watch are $78,000 and $75,000, with the former acting as a support band and the latter as a potential failure bound for the bullish thesis. The speaker highlights that other assets like TOTAL2, TOTAL3, SPX, NDQ, and MSTR are already below their BMSB, suggesting a potential divergence. The current Bitcoin price around $79,126 is seen as consolidating within a range, with the potential for a retest of the bull market support band. While a definitive new bull market is not yet confirmed, the strength shown by Bitcoin indicates a positive outlook, potentially targeting $150k by year-end, especially if the broader market environment remains favorable or improves.
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