Why Bitcoin (BTC/USD) Is Moving in the Asia Session

Market news Neutral bias Oct 31, 2026, 00:18 UTC

Marcus ReedTechnical Analysis Lead · ForexR analyst

Bitcoin (BTC/USD) is at 77244.62 in the Asia session, up 0.56% on the day and still below the daily pivot at 77558.24. Daily trend is mixed, four-hour and one-hour trends are down, and the bias is neutral.

Why Bitcoin (BTC/USD) Is Moving in the Asia Session

Bitcoin (BTC/USD) is at 77244.62 in the Asia session, up 428.4 dollars, or 0.56%, on the day from the previous close at 76816.22. Directional evidence does not agree: the daily trend state is mixed, the four-hour trend is down and the one-hour trend is down, so the bias is neutral. Nearest resistance is the daily pivot at 77558.24, 313.62 dollars from price. Nearest support is the previous day low at 76173.36, 1071.26 dollars from price.

Price sits between S1 at 75431.34 and the daily pivot at 77558.24, and also between the round number at 77000 and the round number at 78000. The day open is 76727.01, the day high is 77294.52 and the day low is 76554.04. The bid is 77244.62 and the ask is 77260.41, a spread of 15.79 dollars. The 0.56% change on the day does not show that a headline caused it.

The range on the day is 740.48 dollars, 34 percent of the 14-day average true range of 2190.23 dollars. Detail on that measure is in the ATR and volatility guide. Yesterday opened at 78754.79, with a high at 79685.15, a low at 76173.36 and a close at 76816.22, a range of 3511.79 dollars. That close matches the previous close used for the day's change.

Bitcoin (BTC/USD) News in the Latest Headlines

These are topics being reported, not demonstrated drivers of price. CNBC Television carries comment on an exchange hack and on Bitcoin's longer-run standing, Crypto Economy reports a trader's claim of large gains during a sell-off, and Tokenpost writes about Bitcoin's stock correlation when markets are stressed. No item is listed on the calendar.

News volume stands at 102 percent of its 90-day average, and the opportunity read is -52, a bearish reading. An alert records the opportunity read moving from 16, bullish, to -78, bearish, within 24 hours, which describes coverage tone and not a forecast.

Pivot Map and the Conditional Paths

The daily pivot is 77558.24, R1 is 78943.13, R2 is 81070.03 and R3 is 82454.92. S1 is 75431.34, S2 is 74046.45 and S3 is 71919.55. The previous day high at 79685.15 is above R1. The guide to pivot points explains the ladder, and the live Bitcoin (BTC/USD) chart shows those same levels.

Across the five-day window the high is 81876.74 and the low is 76173.36. Across the twenty-day window the high is 84844.39 and the low is 76173.36. Price is down 3.86 percent over five days and down 6.89 percent over twenty days.

The upside path is a break above R1 at 78943.13, which would open the way to R2 at 81070.03, 2126.9 dollars from trigger to target. Invalidation of that path is the daily pivot at 77558.24, and price is still below that pivot, so the R1 trigger has not been reached. The downside path is a break below S1 at 75431.34 opening the way to S2 at 74046.45, 1384.89 dollars from trigger to target, and a move back above the daily pivot at 77558.24 would invalidate it.

Trend State Before London Opens

The daily state is mixed: the 20-period exponential moving average is 80964.77, the 50-period average is 80521.61, and the 200-period average is 76236.28, with price above the 200-period average. Daily RSI is 33.9. The four-hour state is down, with the 20-period average at 78847.21 and the 50-period average at 79948.03. The one-hour state is down, with the 20-period average at 77375.55 and the 50-period average at 78363.15.

As of the week to October 27, large speculators in Bitcoin CME futures were net long Bitcoin (BTC/USD), 54.4 percent long and 45.7 percent short, a net 2720 contracts. Speculators added to net long Bitcoin (BTC/USD) from the previous week's 2418 contracts, a change of 302, and that report is positioning, not a forecast.

London opens at 07:00 UTC and has not started, and the calendar has no release listed before then. The bottom line in this Asia hour stays neutral: price at 77244.62 is up 0.56% on the day, between S1 at 75431.34 and the daily pivot at 77558.24, with the four-hour and one-hour trends down.