These 2 Cryptos Surged While Bitcoin Dropped Last Halloween — What Lies Ahead This Year

Last Halloween was a mixed bag for crypto traders.

While Bitcoin stumbled with a bearish candle, a few altcoins managed to defy the market’s mood.

Raydium (RAY) and Bitcoin SV (BSV) were standout performers who pushed higher when most were in the red.

With another Halloween today, let’s examine their charts to determine if history can rhyme.

Bitcoin’s Halloween Price Decline

The Bitcoin price began to rise on Aug. 5, after falling to a low of $49,577.

The same day, Bitcoin’s price created a very long lower wick (green icon) and surged.

After creating a higher low in September, Bitcoin resumed its upward movement at an accelerated rate.

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However, Halloween in 2024 was an exception, since the Bitcoin price created a bearish candlestick (red icon).

That was one of the most bearish weeks in Bitcoin’s movement, before the price rallied.

November was extremely bullish, spurred by Donald Trump’s U.S. Presidential Election win.

Nevertheless, last Halloween remains a bearish day for Bitcoin, but several other cryptos bounced, which will be analyzed next.

Raydium Breaks Out

One of the best performers in the cryptocurrency market on October 31 was Raydium, which had already broken out of a long-term pattern and was on its way to new highs.

While the Oct. 31 candlestick (green icon) was insignificant, it preceded a massive rally until January 2025.

That was an all-time high, and the price of Raydium has since fallen significantly.

Raydium’s technical analysis suggests it is doubtful that the crypto will repeat its performance this Halloween.

The price of RAY broke down from an ascending support trend line before validating it as resistance (red icon) on Oct. 27.

Furthermore, RAY fell below the $1.85 horizontal area, validating it as a resistance level.

The final support area before new lows is $1.45, and a breakdown below it could cause the price of Raydium to crash to new lows.

Bitcoin SV Surges

The BSV price had traded under the $53.50 horizontal resistance area for several months before Oct. 31, 2024.

During this time, it increased alongside an ascending support trendline, creating an ascending triangle, which is considered a bullish pattern.

While the price of BSV did not break out on Oct. 31, it created a small bullish candlestick that set the stage for a later breakout.

After breaking out, BSV nearly doubled in price to $85 before quickly crashing.

Similar to RAY, its technical analysis suggests that it is unlikely that BSV will repeat its performance this year.

This is because the BSV price trades under numerous critical resistance levels.

More specifically, the price of BSV trades under a diagonal resistance trendline and has fallen below the $23 horizontal resistance area.

Furthermore, BSV trades inside an ascending parallel channel, which is considered a corrective pattern.

As a result, a breakdown from the channel will confirm the bearish trend and could send the BSV price to new lows.

Bearish Crypto Halloween

Unlike last Halloween, the charts for both RAY and BSV tell a different story.

Key supports have cracked, and both cryptos could plunge soon.

Unless market sentiment flips fast, the odds of a Halloween repeat rally look slim.

About the Author

Valdrin Tahiri

Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.

He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.

Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.

He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.

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