Bitcoin (BTC) Draws Political Attention as Treasury Secretary Highlights Its Stability

Bitcoin (BTC) draws political attention as the Treasury Secretary highlights its stability. strengthened its bullish sentiment following a remark from the U.S. Treasury Secretary Scott Bessent, who acknowledged the 17th anniversary of Bitcoin’s white paper. During the ongoing government shutdown, Bessent posted on X, remarking, “Bitcoin never shuts down,” a subtle jab at Senate Democrats that also underscored the cryptocurrency’s resilience and decentralized framework.

17 years after the white paper, the Bitcoin network is still operational and more resilient than ever. Bitcoin never shuts down.@SenateDems could learn something from that.

— Treasury Secretary Scott Bessent (@SecScottBessent) October 31, 2025

The statement quickly resonated throughout both financial and crypto communities, bolstering Bitcoin’s reputation as a dependable alternative to conventional financial systems. Market observers interpreted Bessent’s words as a sign of increasing political recognition of Bitcoin’s durability and technological influence. This has fostered renewed investor optimism, suggesting potential inflows from both institutional and retail participants. As confidence builds, BTC appears positioned to sustain its upward trajectory, with momentum likely to extend toward higher resistance zones in the near term.

Key Bitcoin Levels To Watch – November 4

BTCUSD is exhibiting a bullish recovery as price rebounds from the $107,250 support zone. The pair is now trading near the 9-day SMA around $111,340, indicating improving short-term momentum.

RSI is gradually climbing from 45, reflecting renewed buyer interest after a corrective phase. A sustained move above $116,000 could pave the way toward the next resistance at $124,500.

BTC Metrics

Resistance Levels: $118,000, $124,530, $130,000
Support Levels: $107,250, $102,110, $92,000

Bitcoin Key Levels

Total Market Capitalisation: $3.70T
Bitcoin Market Capitalisation: $2.19T
Bitcoin Volume: $44.57B
Market Rank: #1

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