Bitcoin shows signs of weakness as price trades below key average

Bitcoin shows signs — Bitcoin is showing signs of technical weakness, trading below its 50-day moving average and the key $80,000 support level as of October 27, 2026.

Analysts note the market has sunk below its 50-day average, with previous resistance zones from May and September failing to act as support. Alex Kuptsikevich, chief market analyst at FxPro, stated that technical indicators suggest the downtrend is set to continue.

Secure Digital Markets highlighted the $80,000 zone as a key support level, warning that a break below could open the door to a decline toward $75,000 and then $73,000.

In related news, Ripple’s recent approval to operate a U.S. national trust bank failed to provide a significant boost to the price of XRP, underscoring a broader market malaise.