Bitcoin is trading below $80,000 and the 24-hour point of control at $80,400, leaving that concentration of trading activity above the current price. Weekly resistance spans $80,200–$80,900, with its peak at $80,300.

At $79,697, Bitcoin sits below the main weekly resistance band. The immediate focus is whether it can regain that area and establish support.

â–  Weekly heatmap

As of November 5, the weekly price heatmap places the strongest point of control (POC) near $77,500. This marks the price with the greatest concentration of trading activity over the past week.

Bitcoin's current price of $79,697 is above that weekly concentration. The weekly range is $75,700–$82,000, placing the market between its main trading cluster and overhead resistance.

The upper resistance band runs from $80,200 to $80,900. Activity within that band peaks at $80,300, making it a key level to monitor during a rebound.

Below the market, the weekly support band spans $76,700–$78,300, with activity strongest at $77,500. This is the main underlying concentration of weekly trading.

â–  24-hour heatmap

On the 24-hour heatmap, the strongest POC is near $80,400. This is the price with the heaviest concentration of trading activity over that period.

Bitcoin's current price of $79,697 is below this short-term concentration. The POC therefore sits overhead as the market seeks direction.

The 24-hour resistance band extends from $80,200 to $80,800, with its peak at $80,400. It overlaps much of the weekly resistance zone.

The underlying 24-hour support band runs from $78,200 to $78,500, with activity peaking at $78,300. That band is the nearest identified support concentration below the current price.

Drawdown from the peak Bitcoin is trading at $79,697, down 36.77% from its all-time high of $126,038 on October 6, 2025. The drawdown has narrowed from 38.12% seven days earlier, on October 29, 2026, when the price was $77,992.

Performance since the halving At 929 days since the halving, Bitcoin is up 24.82% from its halving price of $63,850. It continues to trade above that reference level.

Change since the cycle low At 1,445 days since the cycle low of $15,770, Bitcoin has gained approximately 405%. Despite the drawdown from its all-time high, it remains substantially above its cycle low.

Riza Dagoc

Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to [email protected].