Bitcoin chart signal indicates bearish momentum at $76,709
The Guppy Multiple Moving Average flashed a bearish signal for Bitcoin even as historical post-midterm trends remain positive.
Key takeaways
- 1Bitcoin traded down 2.1 percent to $76,709 on 3 November 2026.
- 2CoinDesk reported that the Guppy Multiple Moving Average indicator signaled bearish momentum.
- 3Bitcoin maintains a market capitalisation of $1,542.3 billion as the top-ranked digital asset.
Bitcoin traded down 2.1 percent over 24 hours to $76,709 on 3 November 2026 at 05:14 UTC, as technical chart signals pointed to visual patterns that previously preceded major market crashes. CoinDesk reported that the token generated a red signal on its daily price chart, reflecting a clear shift toward bearish momentum.
According to CoinDesk, the Guppy Multiple Moving Average indicator flashed a bearish momentum reading, showing that short-term trend lines have weakened relative to longer-term baselines. The technical chart breakdown occurred even as broader historical context, including seasonal tendencies and post-midterm election performance, has historically favoured market gains for digital assets during this calendar window.
Bitcoin is the largest digital asset by market value, holding a total capitalisation of $1,542.3 billion and maintaining its rank as the top cryptocurrency, according to YourKhabri data. Market participants widely track technical chart metrics like moving average bands to evaluate underlying momentum and identify potential shifts in trading volume across global spot and derivatives platforms.
The divergence between bearish technical indicators and positive historical seasonal trends points to short-term uncertainty for market participants. Traders will monitor whether immediate selling pressure pushes the asset lower or if historical post-midterm strength emerges to stabilise trading in the coming days.
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Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.