Bitcoin (BTC) Drops 2.5% on October 24, 2026 and Tests New Support Levels

On October 24, 2026, Bitcoin (BTC) recorded a decline of 2.5% in a single session, crossing several technical support levels and approaching its long-term moving averages. This movement, observed in the absence of an identified macroeconomic catalyst, reflects persistent selling pressure and raises questions about the strength of the bullish trend of recent months. Context For several weeks, the crypto-asset market has been going through a consolidation phase, marked by increased volatility and a strengthened correlation with traditional stock indices. Bitcoin, which had reached historic highs in the first half of 2026, is struggling to maintain its momentum in the face of an uncertain macroeconomic environment, characterized by geopolitical tensions and expectations of monetary tightening in several major economies. Technical indicators, such as the MACD (Moving Average Convergence Divergence) and the stochastic oscillator, signal a defensive configuration, while trading volumes remain below their monthly average. As for the Bitcoin network, it shows moderate activity: the mempool – which groups transactions awaiting validation – had nearly 48,550 transactions at the time of publication, a stable level but without any significant peak. Transaction fees, averaging 0.141 satoshi per byte (sat/vB), correspond to a confirmation time of three blocks, or approximately 30 minutes. These data suggest a network usage in a slowdown phase, without however indicating major congestion. The Facts According to data from DiarioBitcoin , Bitcoin closed the session of October 24, 2026, at 79,514.69 dollars, down 2.5% compared to the previous day. This variation, confirmed by CryptoScore Pro with a decline of 2.33% over 24 hours (data as of 16:04 UTC), places the price below several key moving averages: Simple Moving Average (SMA) at 7 days: 82,027.86 dollars SMA at 15 days: 82,381.07 dollars SMA at 30 days: 83,269.96 dollars SMA at 50 days: 81,778.05 dollars SMA at 90 and 200 days: not crossed, but approached Trading volume amounted to 22.95 billion dollars over the day, a decrease of 17.55% compared to the average of the last 30 days (27.84 billion). CryptoScore Pro also notes that the volume/market cap ratio stands at 1.44%, below its historical average of 1.74%, highlighting a lack of investor participation. On a technical level, the MACD remains in a neutral zone, with no recent bullish crossover, while the stochastic oscillator, at 3.5, and the RSI (Relative Strength Index), at 38.5, indicate marked overselling. These signals, although potentially precursors to a rebound, are not sufficient to reverse the short-term bearish trend. The intraday VWAP (Volume-Weighted Average Price), set at 80,831.22 dollars, was not exceeded, confirming the selling pressure. Several key data points remain undisclosed: the circulating and total supply of Bitcoin, institutional flows, positions on derivatives markets, as well as on-chain sentiment indicators (such as inflows and outflows of exchange-traded funds). No regulatory or macroeconomic news has been identified as a trigger for the movement, according to the sources consulted. Understanding Key Concepts Moving Averages (SMA and EMA) Moving averages are technical indicators used to smooth price fluctuations and identify trends. The simple moving average (SMA) calculates the average price over a given period (for example, 90 days), while the exponential moving average (EMA) gives more weight to recent data. A price located below its 200-day SMA is often interpreted as a bearish signal, while an upward crossover can indicate a reversal. For example, if Bitcoin falls below its SMA-200, traders generally see this as a sign of structural weakness. MACD (Moving Average Convergence Divergence) The MACD is a technical analysis tool that measures the difference between two exponential moving averages (generally over 12 and 26 periods). A crossover between the MACD line and its signal line (a 9-period moving average) can indicate a trend change: a bullish crossover suggests positive momentum, while a bearish crossover signals weakening. In the present case, the absence of a bullish crossover confirms a neutral to bearish trend. Stochastic Oscillator and RSI The stochastic oscillator compares an asset's closing price to its price range over a given period (often 14 days). A value below 20 indicates an oversold condition, while a value above 80 signals an overbought condition. The RSI (Relative Strength Index ), for its part, evaluates the speed and magnitude of price changes on a scale from 0 to 100. An RSI below 30 suggests an oversold state, as is the case for Bitcoin (38.5), although this does not guarantee an immediate rebound. Mempool and Transaction Fees The mempool is a queue where Bitcoin transactions are stored while awaiting validation by miners. Its level reflects network activity: a saturated mempool (more than 100,000 transactions) can lead to higher fees and longer confirmation times. Transaction fees , expressed in satoshis per byte (sat/vB), determine the priority given to transactions. A fee of 0.141 sat/vB, as observed on October 24, corresponds to a confirmation time of approximately 30 minutes, which is a moderate level. Analysis: what is at stake The 2.5% drop in Bitcoin on October 24, 2026, is part of a classic technical correction mechanism, where supply temporarily exceeds demand. According to data from DiarioBitcoin, trading volume fell by about 15% compared to the weekly average, suggesting reduced liquidity and increased investor caution. This defensive configuration, confirmed by a MACD in the neutral zone and a price below the 90 and 200-day moving averages, could indicate a consolidation phase rather than a lasting reversal. However, the stochastic oscillator in the oversold zone (3.5) hints at a possible buying reaction, although this remains uncertain in the absence of a fundamental catalyst. For investors, this decline tests key support…