Saturday, October 31, 2026
Bitcoin ↑ +0.52%
Smart Money Concepts analysis of Bitcoin for 2026-10-31. Open $76,826, close $77,223, intraday range of 1.36% ($76,615-$77,657).
Smart Money Concepts read
Bitcoin closed in bullish mode with light momentum. The 1.36% intraday range reflects strong institutional activity (volume $201.3B).
Structure: Consolidation, possible accumulation before impulse.
vs 7-day MA: close is below the 7-day moving average ($80,272) by -3.8%. Bearish bias confirmed by MA7.
Methodology
These daily analyses are computed from official CoinGecko data (open, high, low, close, volume). The SMC narrative combines daily change, intraday range, position vs 7-day moving average and institutional volume. For the full framework, see our SMC pillar guide.
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