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Bitcoin rebounds to $78K after $6.3B Binance hack but struggles to regain bullish momentum.

02 Nov 2026, 09:31 WIB
Crypto news
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Neutral
Bitcoin rebounds to $78K after $6.3B Binance hack but struggles to regain bullish momentum.

Bitcoin price recovered to around $78,000 following a sharp drop after the $6.3 billion hack on Binance on October 29. Despite this rebound, Bitcoin remains below key resistance levels near $80,200 and faces selling pressure indicated by technical indicators like the RSI and moving averages. US spot Bitcoin ETFs saw significant outflows, reflecting cautious investor sentiment. The cryptocurrency's future movement depends on breaking above $78,219 for a stronger recovery or falling below support levels around $77,761 and $76,460, with broader market factors like US elections and Federal Reserve policies also influencing its trajectory.

Bitcoin's price on Pluang stands at Rp1.416.301.574 as of Nov 02, 2026 14:41 WIB, showing a modest 0.38% increase over the past day. This price level is within reach of the resistance zone mentioned in the news but still below the $80,200 mark. Notably, 71% of Pluang users are buying Bitcoin, reflecting a stronger buying interest compared to the 29% selling activity, with a typical hold time of 112 days indicating medium-term investor confidence.

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