[BTC cycle tracker] Bitcoin tests $73,000 support as $75,800 resistance remains key

Bitcoin is testing weekly support at $72,700–$73,000, with the heaviest weekly price concentration at $75,800 marking a key resistance level.

Bitcoin trades at $72,937, within its lower weekly support band. The $75,800 point of control remains the main reference level above the market.

■ Weekly heatmap

As of November 12, the weekly price heatmap places the point of control (POC), the strongest price concentration, at $75,800. This marks the most concentrated price zone over the past week.

Bitcoin is trading below that level at $72,937. The weekly range spans $72,700–$79,900, with the current price near its lower boundary.

The upper resistance band runs from $75,700 to $76,100, with its peak at $75,800. This is the principal weekly concentration above the current price.

The lower support band lies between $72,700 and $73,000, with its strongest concentration at $72,800. Bitcoin currently trades within this band.

■ 24-hour heatmap

On the 24-hour heatmap, the strongest price concentration, or POC, stands at $73,600. This is the main concentration within the shorter trading window.

Bitcoin trades below that level at $72,937. The 24-hour range extends from $72,700 to $74,850.

The upper resistance band spans $73,450–$74,000, with its peak at $73,600. This marks the nearest resistance concentration above the current price.

The lower support band runs from $72,800 to $72,950, with its peak at $72,900. Bitcoin currently sits within this narrower support zone.

Bitcoin price heatmap, 24-hour view.

Drawdown from the high Bitcoin at $72,937 is 42.13% below its all-time high of $126,038, recorded on October 6, 2025. The decline has deepened from 39.63% seven days earlier, when the price stood at $76,088 on November 5, 2026.

Performance since the halving At 936 days after the halving, Bitcoin is up 14.23% from the halving price of $63,850. It continues to trade above that reference level.

Performance since the cycle low At 1,452 days after the cycle low of $15,770, Bitcoin is up approximately 363%. Despite the drawdown from its all-time high, it retains a substantial gain from the cycle low.