Bitcoin Rebounds From a Seven-Week Low—but the $78,000 Ceiling Still Matters

By Isaac • November 4, 2026 7:58 am •

Bitcoin just delivered the kind of move that punishes anyone who confuses a fast rebound with a clean breakout.

The world’s largest cryptocurrency fell to a seven-week low of $75,618 as U.S. election results came in, then snapped back above $78,000 within roughly three hours. That recovery was real.

So was the resistance waiting on the other side.

According to Cointelegraph, Bitcoin’s low was its weakest print since September 16, and the drop hit the market as leveraged long positions were being liquidated below $76,000. The move arrived as Democrats won control of both chambers of Congress, while a heavy wall of sell orders waited above the rebound near $78,000.

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