[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. 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.

Source: TokenPost