Bitcoin rebounds from Binance breach, faces $79,800 resistance as ETF outflows hit $643 million

Bitcoin regained momentum toward $80,000 after recovering from losses linked to a security incident at Binance that resulted in a $6.3 billion outflow from hot wallets. The leading cryptocurrency rebounded from support near $76,000, but now confronts major resistance just below the $80,000 threshold. Analyst Michaël van de Poppe identified $78,800 as an immediate resistance point for Bitcoin. If the asset can overcome this level, the next significant barrier is $79,800. Van de Poppe suggested that a successful reclaim of these levels could provide renewed momentum for BTC; otherwise, a renewed downdraft toward $75,000 or lower remains possible in the near term. Further uncertainty has followed Binance’s October 29 announcement that approximately $6.3 billion was stolen during a security breach affecting its hot wallets.

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