Bitcoin saw a late uptick heading into Sunday’s weekly close, though key resistance levels remained out of reach. Over the past week, its realized cap rose by $8 billion to exceed $1.1 trillion, while the realized price crossed $110,000, reflecting strong on-chain inflows. However, sentiment stayed in the “fear” territory despite the White House announcing a trade agreement between President Trump and President Xi Jinping. The market remains cautious following October’s $19 billion sell-off, but renewed ETF inflows and expectations of Federal Reserve easing could drive Bitcoin toward the $140,000 level in November.
At the time of writing, BTC was trading at $109,005.
After making a new all-time high of $126,199, BTC witnessed a sharp fall, with the price plunging nearly 20% to $102,000. The asset did not break the psychological support level of $100K and managed to close above the key support level of $107,000. The longer lower shadow below $107K indicates buying at lower levels. On the daily time frame basis, BTC has been trading sideways in a broad range between $116,000 and $107,000 over the past three weeks. Breakouts on either side of the range with good volume will further determine the trend for the asset.
Key Levels:
| Support 2 | Support 1 | Asset | Resistance 1 | Resistance 2 |
| $100,000 | $107,000 | BTC | $116,000 | $125,000 |
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