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…
Rekt Capital Published: 2026-11-05 15:20 UTC Collected: 2026-11-05 15:53 UTC Original language: Not supplied by source
#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 p…
#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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#BTC Bitcoin has not yet experienced capitulation seller volume but seller momentum continues to gain Again, if Bitcoin experiences a breakout on seller-oriented volume (black diagonal) into above-average levels then that could very well be the sell-side volume needed for capitul
#BTC The 3-Day bearish retest is complete and successful once again and price has indeed gone below the recent local lows of ~$76000 Losing ~$75550 on the 3-Day would trigger additional downside continuation over time Currently at this support $BTC #Bitcoin
#BTC "If the 3-Day bearish retest is successful once again on this occasion, that could see price go below the recent local lows of ~$76000" Indeed, the 3-Day bearish retest continues to be successful Back in May, Bitcoin also developed a cluster of price action at these levels b
