# Bitcoin’s 7.25% Rebound Reverses at $81,000 Resistance By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/50439 Published: 2026-11-07T00:09:07.000Z Updated: 2026-11-07T00:09:07.000Z Section: Investing > Bitcoin climbed about $5,500 from Wednesday’s low before reversing. The weekly chart shows support near $75,000 and closing candle bodies around $77,000. Bitcoin (BTC) rose 7.25%, or about $5,500, from Wednesday’s low to $81,000 before reversing at that resistance, leaving the rebound below a recent $87,000 local high. Since the $87,000 local high, Bitcoin has formed lower highs, while the broader rally has continued to post higher lows. On the weekly chart, $75,000 appears as horizontal support, and closing candle bodies sit near $77,000. The 50-week simple moving average also provided support during the previous bull market. The price action follows a recent [test of Bitcoin support at the lower edge of a parallel channel](). ## Links in this article - [test of Bitcoin support at the lower edge of a parallel channel](https://www.tokenpost.com/news/investing/38635)