WuBlockchain
Bitcoin fell to $76,141 last Friday after breaking below $80,000, but the $76,000–$76,600 range held for a fourth time, QCP said. Binance reopened withdrawals across 15 networks following an exploit, recording $3.64 billion in net outflows, or about 2.1% of its assets. U.S. spot Bitcoin ETFs saw $643.2 million in outflows on Friday.
Why it matters
The repeated defense of the support band is a key counterpoint to pressure from exchange and ETF outflows. QCP identifies $76,000–$76,600 as support and $79,500–$80,500 as resistance.
Market impact
Bitcoin's next test is whether buyers continue to defend the support range as outflows weigh on the market. A break below it would put the level's four-time hold in question; resistance remains between $79,500 and $80,500.
Frequently asked questions
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What support range has Bitcoin held?
QCP said the $76,000–$76,600 range held for a fourth time after Bitcoin fell to $76,141.
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How much did Binance record in net outflows?
Binance recorded $3.64 billion in net outflows, about 2.1% of its assets, after reopening withdrawals across 15 networks.
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How much did U.S. spot Bitcoin ETFs lose on Friday?
U.S. spot Bitcoin ETFs saw $643.2 million in outflows on Friday.
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What resistance levels does QCP identify for Bitcoin?
QCP identifies resistance between $79,500 and $80,500.
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What event preceded Binance's reopening of withdrawals?
Binance reopened withdrawals across 15 networks following an exploit.
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