Bitcoin (BTC) enters the second week of November maintaining its strong position near 18-month highs. Despite the volatile macroeconomic environment, Bitcoin and other cryptocurrencies are showing resilience and refusing to retrace their gains. The upcoming week holds potential volatility triggers, such as remarks from the United States Federal Reserve and extended “out-of-hours” trading due to a short trading week on Wall Street. Behind the scenes, Bitcoin’s technical indicators, such as hash rate and difficulty, are at all-time highs and expected to reach new records in the coming days. Bitcoin bulls are determined, but resistance levels are proving difficult to overcome. Traders are watching the Federal Reserve closely for any signals of market volatility, and various speaking engagements by Fed officials are scheduled for the week. Bond markets and stock markets are also indicating possible turbulence. On a positive note, Bitcoin network fundamentals continue to increase, with hash rate and mining difficulty reaching new all-time highs. This suggests that miners are optimistic about Bitcoin’s future value. Additionally, there is a noticeable shift in Bitcoin exchange flow, with more investors choosing to withdraw their BTC and hold it off-exchange, indicating a stronger long-term belief in the value of Bitcoin. Overall, there is strong investor confidence in the cryptocurrency market, with a significant amount of capital flowing into the industry.