[BTC cycle tracker] Bitcoin slips below $80,000 as $80,300 resistance comes into focus

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.

■ 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.

■ 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.