Bitcoin BTCUSD is showing signs of buyer support following the Binance hack-driven sell-off, but will the correction extend toward $74,800 before a sustained recovery?

Can Bitcoin Hold The $76,000 Support?

Pseudonymous analyst More Crypto Online noted in a podcast on Oct.30 that Bitcoin bounced near its 50-week simple moving average around $76,000.

It is a key support level that coincides with previous swing lows.

BTC also found buying interest near the lower boundary of its descending channel, suggesting bulls remain active despite mounting selling pressure.

The analysis suggests Bitcoin’s corrective C-wave to potentially extend toward $74,800, the upper boundary of a broader support zone stretching down to $63,326.

He emphasized that the…