Rekt Capital|Nov 05, 2026 15:22
#BTC
Bitcoin is bearish retesting an old support as new resistance for the third consecutive week
Earlier this week we spoke about how Bitcoin had produced a marginal Weekly Close below ~$78300 to position for a bearish retest
After all, over the past few weeks, Bitcoin has been upside wicking beyond these old supports but rejecting from them to confirm them as new resistance
This is evidence of renewed sell-side pressure, stacking itself at lower and lower Weekly levels
Let's see how Bitcoin performs its upcoming Weekly Close
But ~$76800 is absolutely crucial support right now
BTC #Bitcoin
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