• bitcoinBitcoin(BTC)$117,942.00-0.29%
  • ethereumEthereum(ETH)$3,811.011.14%
  • rippleXRP(XRP)$3.140.49%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$806.55-1.86%
  • solanaSolana(SOL)$181.50-0.52%
  • usd-coinUSDC(USDC)$1.000.00%
  • staked-etherLido Staked Ether(STETH)$3,807.500.87%
  • dogecoinDogecoin(DOGE)$0.224242-0.07%
  • tronTRON(TRX)$0.3376724.29%
  • cardanoCardano(ADA)$0.78-0.03%
  • Wrapped stETHWrapped stETH(WSTETH)$4,605.661.21%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$117,806.00-0.33%
  • HyperliquidHyperliquid(HYPE)$43.36-0.33%
  • suiSui(SUI)$3.81-2.61%
  • stellarStellar(XLM)$0.4208600.55%
  • wrapped-beacon-ethWrapped Beacon ETH(WBETH)$4,096.461.49%
  • bitcoin-cashBitcoin Cash(BCH)$569.73-1.65%
  • hedera-hashgraphHedera(HBAR)$0.259774-2.65%
  • Wrapped eETHWrapped eETH(WEETH)$4,082.270.77%
  • avalanche-2Avalanche(AVAX)$24.31-2.21%
  • WETHWETH(WETH)$3,810.240.75%
  • litecoinLitecoin(LTC)$108.950.48%
  • leo-tokenLEO Token(LEO)$8.96-0.11%
  • the-open-networkToncoin(TON)$3.405.67%
  • Ethena USDeEthena USDe(USDE)$1.00-0.12%
  • shiba-inuShiba Inu(SHIB)$0.000013-1.45%
  • USDSUSDS(USDS)$1.000.00%
  • Binance Bridged USDT (BNB Smart Chain)Binance Bridged USDT (BNB Smart Chain)(BSC-USD)$1.000.07%
  • whitebitWhiteBIT Coin(WBT)$44.09-0.15%
  • Coinbase Wrapped BTCCoinbase Wrapped BTC(CBBTC)$117,863.00-0.31%
  • uniswapUniswap(UNI)$10.450.95%
  • polkadotPolkadot(DOT)$3.89-1.45%
  • moneroMonero(XMR)$316.22-0.35%
  • bitget-tokenBitget Token(BGB)$4.56-0.27%
  • pepePepe(PEPE)$0.000012-2.27%
  • crypto-com-chainCronos(CRO)$0.1439140.73%
  • Ethena Staked USDeEthena Staked USDe(SUSDE)$1.190.01%
  • aaveAave(AAVE)$283.41-1.46%
  • daiDai(DAI)$1.000.00%
  • EthenaEthena(ENA)$0.58-4.34%
  • BittensorBittensor(TAO)$382.28-4.03%
  • nearNEAR Protocol(NEAR)$2.720.64%
  • ethereum-classicEthereum Classic(ETC)$21.820.44%
  • Pi NetworkPi Network(PI)$0.426861-2.54%
  • aptosAptos(APT)$4.56-1.24%
  • OndoOndo(ONDO)$0.96-1.91%
  • internet-computerInternet Computer(ICP)$5.45-1.03%
  • Jito Staked SOLJito Staked SOL(JITOSOL)$221.53-0.78%
  • okbOKB(OKB)$48.12-0.88%
  • mantleMantle(MNT)$0.77-1.70%
  • kaspaKaspa(KAS)$0.095472-1.37%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • Pudgy PenguinsPudgy Penguins(PENGU)$0.037545-6.98%
  • Binance-Peg WETHBinance-Peg WETH(WETH)$3,819.171.04%
  • algorandAlgorand(ALGO)$0.260749-0.64%
  • bonkBonk(BONK)$0.000029-7.94%
  • USD1USD1(USD1)$1.00-0.16%
  • arbitrumArbitrum(ARB)$0.423876-0.58%
  • vechainVeChain(VET)$0.0252092.83%
  • gatechain-tokenGate(GT)$17.66-1.03%
  • cosmosCosmos Hub(ATOM)$4.57-0.66%
  • render-tokenRender(RENDER)$3.91-3.31%
  • polygon-ecosystem-tokenPOL (ex-MATIC)(POL)$0.221611-1.89%
  • fasttokenFasttoken(FTN)$4.59-0.01%
  • worldcoin-wldWorldcoin(WLD)$1.08-2.10%
  • Official TrumpOfficial Trump(TRUMP)$9.48-1.23%
  • SPX6900SPX6900(SPX)$2.01-3.88%
  • fetch-aiArtificial Superintelligence Alliance(FET)$0.710.50%
  • SkySky(SKY)$0.087158-2.72%
  • sei-networkSei(SEI)$0.316986-1.03%
  • Binance Staked SOLBinance Staked SOL(BNSOL)$193.54-0.11%
  • rocket-pool-ethRocket Pool ETH(RETH)$4,348.060.87%
  • sUSDSsUSDS(SUSDS)$1.060.01%
  • filecoinFilecoin(FIL)$2.57-0.78%
  • quant-networkQuant(QNT)$120.50-0.76%
  • flare-networksFlare(FLR)$0.0247901.43%
  • Kelp DAO Restaked ETHKelp DAO Restaked ETH(RSETH)$3,999.090.85%
  • StoryStory(IP)$5.611.98%
  • Lombard Staked BTCLombard Staked BTC(LBTC)$117,889.000.31%
  • Jupiter Perpetuals Liquidity Provider TokenJupiter Perpetuals Liquidity Provider Token(JLP)$5.06-0.22%
  • xdce-crowd-saleXDC Network(XDC)$0.10005012.06%
  • JupiterJupiter(JUP)$0.53-1.39%
  • kucoin-sharesKuCoin(KCS)$11.37-1.05%
  • USDtbUSDtb(USDTB)$1.000.03%
  • StakeWise Staked ETHStakeWise Staked ETH(OSETH)$4,024.370.92%
  • Mantle Staked EtherMantle Staked Ether(METH)$4,070.020.74%
  • Liquid Staked ETHLiquid Staked ETH(LSETH)$4,112.150.64%
  • injective-protocolInjective(INJ)$14.14-1.40%
  • curve-dao-tokenCurve DAO(CRV)$1.000.22%
  • USDT0USDT0(USDT0)$1.000.17%
  • CelestiaCelestia(TIA)$1.85-1.58%
  • first-digital-usdFirst Digital USD(FDUSD)$1.000.03%
  • nexoNEXO(NEXO)$1.320.15%
  • optimismOptimism(OP)$0.72-1.22%
  • Renzo Restaked ETHRenzo Restaked ETH(EZETH)$4,012.960.79%
  • blockstackStacks(STX)$0.77-0.62%
  • Polygon Bridged USDT (Polygon)Polygon Bridged USDT (Polygon)(USDT)$1.00-0.01%
  • Falcon USDFalcon USD(USDF)$1.000.03%
  • bitcoinBitcoin(BTC)$117,942.00-0.29%
  • ethereumEthereum(ETH)$3,811.011.14%
  • rippleXRP(XRP)$3.140.49%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$806.55-1.86%
  • solanaSolana(SOL)$181.50-0.52%
  • usd-coinUSDC(USDC)$1.000.00%
  • staked-etherLido Staked Ether(STETH)$3,807.500.87%
  • dogecoinDogecoin(DOGE)$0.224242-0.07%
  • tronTRON(TRX)$0.3376724.29%
  • cardanoCardano(ADA)$0.78-0.03%
  • Wrapped stETHWrapped stETH(WSTETH)$4,605.661.21%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$117,806.00-0.33%
  • HyperliquidHyperliquid(HYPE)$43.36-0.33%
  • suiSui(SUI)$3.81-2.61%
  • stellarStellar(XLM)$0.4208600.55%
  • wrapped-beacon-ethWrapped Beacon ETH(WBETH)$4,096.461.49%
  • bitcoin-cashBitcoin Cash(BCH)$569.73-1.65%
  • hedera-hashgraphHedera(HBAR)$0.259774-2.65%
  • Wrapped eETHWrapped eETH(WEETH)$4,082.270.77%
  • avalanche-2Avalanche(AVAX)$24.31-2.21%
  • WETHWETH(WETH)$3,810.240.75%
  • litecoinLitecoin(LTC)$108.950.48%
  • leo-tokenLEO Token(LEO)$8.96-0.11%
  • the-open-networkToncoin(TON)$3.405.67%
  • Ethena USDeEthena USDe(USDE)$1.00-0.12%
  • shiba-inuShiba Inu(SHIB)$0.000013-1.45%
  • USDSUSDS(USDS)$1.000.00%
  • Binance Bridged USDT (BNB Smart Chain)Binance Bridged USDT (BNB Smart Chain)(BSC-USD)$1.000.07%
  • whitebitWhiteBIT Coin(WBT)$44.09-0.15%
  • Coinbase Wrapped BTCCoinbase Wrapped BTC(CBBTC)$117,863.00-0.31%
  • uniswapUniswap(UNI)$10.450.95%
  • polkadotPolkadot(DOT)$3.89-1.45%
  • moneroMonero(XMR)$316.22-0.35%
  • bitget-tokenBitget Token(BGB)$4.56-0.27%
  • pepePepe(PEPE)$0.000012-2.27%
  • crypto-com-chainCronos(CRO)$0.1439140.73%
  • Ethena Staked USDeEthena Staked USDe(SUSDE)$1.190.01%
  • aaveAave(AAVE)$283.41-1.46%
  • daiDai(DAI)$1.000.00%
  • EthenaEthena(ENA)$0.58-4.34%
  • BittensorBittensor(TAO)$382.28-4.03%
  • nearNEAR Protocol(NEAR)$2.720.64%
  • ethereum-classicEthereum Classic(ETC)$21.820.44%
  • Pi NetworkPi Network(PI)$0.426861-2.54%
  • aptosAptos(APT)$4.56-1.24%
  • OndoOndo(ONDO)$0.96-1.91%
  • internet-computerInternet Computer(ICP)$5.45-1.03%
  • Jito Staked SOLJito Staked SOL(JITOSOL)$221.53-0.78%
  • okbOKB(OKB)$48.12-0.88%
  • mantleMantle(MNT)$0.77-1.70%
  • kaspaKaspa(KAS)$0.095472-1.37%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • Pudgy PenguinsPudgy Penguins(PENGU)$0.037545-6.98%
  • Binance-Peg WETHBinance-Peg WETH(WETH)$3,819.171.04%
  • algorandAlgorand(ALGO)$0.260749-0.64%
  • bonkBonk(BONK)$0.000029-7.94%
  • USD1USD1(USD1)$1.00-0.16%
  • arbitrumArbitrum(ARB)$0.423876-0.58%
  • vechainVeChain(VET)$0.0252092.83%
  • gatechain-tokenGate(GT)$17.66-1.03%
  • cosmosCosmos Hub(ATOM)$4.57-0.66%
  • render-tokenRender(RENDER)$3.91-3.31%
  • polygon-ecosystem-tokenPOL (ex-MATIC)(POL)$0.221611-1.89%
  • fasttokenFasttoken(FTN)$4.59-0.01%
  • worldcoin-wldWorldcoin(WLD)$1.08-2.10%
  • Official TrumpOfficial Trump(TRUMP)$9.48-1.23%
  • SPX6900SPX6900(SPX)$2.01-3.88%
  • fetch-aiArtificial Superintelligence Alliance(FET)$0.710.50%
  • SkySky(SKY)$0.087158-2.72%
  • sei-networkSei(SEI)$0.316986-1.03%
  • Binance Staked SOLBinance Staked SOL(BNSOL)$193.54-0.11%
  • rocket-pool-ethRocket Pool ETH(RETH)$4,348.060.87%
  • sUSDSsUSDS(SUSDS)$1.060.01%
  • filecoinFilecoin(FIL)$2.57-0.78%
  • quant-networkQuant(QNT)$120.50-0.76%
  • flare-networksFlare(FLR)$0.0247901.43%
  • Kelp DAO Restaked ETHKelp DAO Restaked ETH(RSETH)$3,999.090.85%
  • StoryStory(IP)$5.611.98%
  • Lombard Staked BTCLombard Staked BTC(LBTC)$117,889.000.31%
  • Jupiter Perpetuals Liquidity Provider TokenJupiter Perpetuals Liquidity Provider Token(JLP)$5.06-0.22%
  • xdce-crowd-saleXDC Network(XDC)$0.10005012.06%
  • JupiterJupiter(JUP)$0.53-1.39%
  • kucoin-sharesKuCoin(KCS)$11.37-1.05%
  • USDtbUSDtb(USDTB)$1.000.03%
  • StakeWise Staked ETHStakeWise Staked ETH(OSETH)$4,024.370.92%
  • Mantle Staked EtherMantle Staked Ether(METH)$4,070.020.74%
  • Liquid Staked ETHLiquid Staked ETH(LSETH)$4,112.150.64%
  • injective-protocolInjective(INJ)$14.14-1.40%
  • curve-dao-tokenCurve DAO(CRV)$1.000.22%
  • USDT0USDT0(USDT0)$1.000.17%
  • CelestiaCelestia(TIA)$1.85-1.58%
  • first-digital-usdFirst Digital USD(FDUSD)$1.000.03%
  • nexoNEXO(NEXO)$1.320.15%
  • optimismOptimism(OP)$0.72-1.22%
  • Renzo Restaked ETHRenzo Restaked ETH(EZETH)$4,012.960.79%
  • blockstackStacks(STX)$0.77-0.62%
  • Polygon Bridged USDT (Polygon)Polygon Bridged USDT (Polygon)(USDT)$1.00-0.01%
  • Falcon USDFalcon USD(USDF)$1.000.03%

Bitcoin is demonstrating strength, holding steady around the $68,000 mark and edging towards $69,000. This week’s trading session opened with a move toward all-time highs, as Bitcoin touched $69,000. However, traders are encountering resistance in the $69,000 to $70,000 range, a zone consistently marked by sell walls.

Futures Activity Drives Price, but Resistance Remains

The October 28 price move from $67,600 to a high was powered largely by futures market activity and liquidations, as highlighted by the surge in funding rates and buy volume. However, sellers have met the bullish push with resistance, filling orders at $69,400. This resistance prevents Bitcoin from surpassing the $70,000 barrier, and the price often retreats when traders cannot maintain enough demand at higher levels.

BTC/USDT 1-hour chart. Source: TRDR.io

Spot Demand Needed to Sustain Higher Levels

According to market analysis, a lack of sustained spot purchasing demand is preventing Bitcoin from achieving a stable breakout. Spot buying on price dips pushes Bitcoin higher within its current range, but spot demand dries up at breakout points near $70,000. Without a strong and consistent influx of spot buyers, Bitcoin’s price continues to face resistance from sellers in this range.

Expert Opinion: No Major Move Until After the Election

JJ, head of crypto options and derivatives at HighStrike, commented on the current price action, stating, “We’re still up against that massive sell wall, which is suppressing a breakout to $70K.” He noted that the slow clearing of short interest has kept Bitcoin below this level and added, “I don’t think we’ll see sustained moves to all-time highs until after the election. The market may briefly push upwards, but it’s unlikely to hold.”

BTC/USDT 1-hour chart. Source: Velo.xyz

As November approaches, some traders may choose to de-risk, making it even more challenging for Bitcoin to breach and maintain new highs.

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