Quick summary
Bitcoin hit $76,000 limit one, then held $76,300 twice
Price moved from $77,200 to $77,600, back above resistance
Getting above $77,500 keeps Bitcoin in bullish posture
Nvidia below support lines. Bitcoin should be the better hold
Nvidia is below both support lines. Is something big about to happen?
You’re watching this after the move. Hit the bell to catch the next one live.
On October 29th, we identified the $76,000 target, and we got that 76K, triggering our limit order one. Now there’s weakness in the stocks, specifically Nvidia, with the midterm uncertainty and geopolitical stuff happening.
Bitcoin found support at $76,300 and touched it twice. Now we need to get above $77,500.
We Can’t Really Complain
Bitcoin: Above the support line, puts BTC in bullish posture.
Diamond bottom: Price tends to come back and close the gap. We’re 13% away but no closing of gap.
Bitcoin vs gold: Still in the descending wedge, still bullish. At a minimum, reclaim 21 ounces per 1 BTC
Nvidia: The AI trade maybe be correcting. NVDA might be worth a limit order at $178 and $182.
MSTR: As long as it doesn’t crack $132, MSTR should move at least 46%.
Hype: We sold for 8%, bought back at support, and now we’re trading 13% up and down.
MSTR vs Nvidia: MSTR lost 93% against Nvidia since 2015, bounced 110%, and now MSTR might be bullish vs NVDA.
Strive vs MSTR: A symmetrical triangle with about six months left. One of them is going to go parabolic versus the other.
Bitcoin is holding up pretty well, but I don’t know what is to come.
Recorded live Nov 3.
FAQ
What level does Bitcoin need to hold?
Bitcoin found support at $76,300 and touched it twice. As we speak, it’s gone up from $77,200 to $77,600, which gets us above the resistance line, and that’s very important for us. Now we need to get above $77,500. Update, Nov 4: Overnight, price dipped to around $75,600, below $76,300, then bounced back above $77,500 and sits around $78,000.
Where are the next limit orders?
Limit one got triggered at $76,000 on the 30th of October. That’s why we have limit order two, limit order three and limit order four. If we take a fractal of the last capitulation after a major Bitcoin bottom, that capitulation only took us to limit three.
What’s the bearish scenario?
When we form a diamond bottom, price tends to always come back within range of the gap. This is the only example where it didn’t close that gap, and we’re 13% away from closing it. So either Bitcoin has avoided a capitulation event, or the gap still needs closing. Update, Nov 4: The dip went to around $75,600 and reversed. The gap is still open.
Is the AI trade over for Nvidia?
Nvidia has been in a descending wedge since November 2025, and we’re below both support lines. I really think the AI trade is off the table now, and we’re going to see downside. I’d start buying some Nvidia between $178 and $182. Nvidia was the better hold since April 2025, roughly 483 days. From here on out, Bitcoin should be the better hold.
Is Bitcoin still bullish against gold?
For the time being, yes, because we’re still trending in the descending wedge we identified on Friday. It’s getting very tight, but the support and resistance lines are giving us valuable information. Bitcoin should keep going up, or at a minimum reclaim the highest high of the wedge, which is 21 ounces of gold per Bitcoin. If Bitcoin goes below and then finds resistance coming back up, we go bearish.
How does this compare to 2023?
In 2023, Bitcoin capitulated over three, four, five days of uncertainty. This time, it held through those days, and we’re above the support line. That puts us back in bullish posture.
Disclaimer
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
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Written by
Andrew Kamsky
Andrew Kamsky is a Bitcoin analyst. He spent a decade in traditional finance across a Big Four firm and a listed fintech bank before going deep on Bitcoin full-time.
