Bitcoin Reclaims $77,000 as Tech Stocks Rebound After a Brutal October

04/11/2026 5 min di lettura

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Bitcoin is back above $77,000. After closing October with a 7% loss and touching a six-week low near $76,275 in the wake of the Binance hack, the world's largest cryptocurrency climbed back over the key psychological level on November 4, helped by a rebound in US technology stocks. On Binance, Bitcoin rose 1.32% over 24 hours to $77,861, while on South Korea's Upbit it traded at 104.85 million won, up 1.17% from the previous day. The move is modest in percentage terms — but after weeks of grinding lower, the direction matters more than the size.

The overnight tape tells the same story. Bitcoin closed at $77,340.90 on the five-minute bar ending November 4 at 00:00 UTC, up 0.87% over the trailing 24 hours, within a session range of $76,246.60 to $77,981.95. That range is the whole story in miniature: buyers defended the mid-$76,000s, sellers capped the rally just below $78,000, and the market spent the session deciding which side wins next.

Why $76,000 is the line that matters

The most important number in this market is not $77,000 — it is $76,000. That is roughly the average cost basis of short-term Bitcoin holders, according to on-chain data, and the short-term holder market-value-to-realised-value (STH MVRV) ratio sits near 1.02, meaning recent buyers are only about 2% in profit. When price sits that close to what the newest buyers paid, every dip tests their conviction — and every hold above it tells the market the latest cohort is not underwater yet.

The technical picture agrees. Bitcoin is testing its bull-market support band, which combines the 21-week exponential moving average at $76,874 and the 20-week simple moving average at $73,779. Price also sits above its 200-day moving average near $73,169. Holding the $76,000 zone keeps the longer uptrend intact; losing it would expose the $73,000–$74,000 zone, where the next layer of support sits. On the upside, Bitcoin recently held the 0.5 Fibonacci retracement at $77,876, and resistance now runs $81,000–$82,000, with a stronger supply zone between $85,000 and $87,000.

Momentum, however, is not yet confirming the bounce. The weekly relative strength index reads 52 — neutral, leaning slightly lower — while the daily RSI has slipped to 38, extending a downtrend in momentum. In plain terms: price recovered, but the buying force behind it is still thin. That is why this reclaim needs a follow-through day, not just a headline.

Liquidations cooled — and one ETF saw inflows

One encouraging sign is that forced selling has cooled sharply. About $52.52 million in Bitcoin positions were liquidated over the past 24 hours, with roughly 59.1% — about $31.06 million — in long positions. Compare that with the Binance-hack shock, which triggered $1.58 billion in liquidations, and with October 24, when about $291 million was liquidated within a single hour as Bitcoin slipped below $80,000. A $52 million day is a market breathing normally, not a market being deleveraged by force.

Flows are mixed rather than euphoric. Farside Investors data showed the Bitwise Bitcoin ETF (BITB) recording a daily net inflow of $21.9 million, even as the previous cycle's coverage showed US spot Bitcoin ETFs shedding heavily on Monday — a reminder that ETF flows swing day to day and rarely move in a straight line. The honest read is that institutional demand has not vanished, but it has not returned in size either.

What decides the next move

Three things will decide whether this is a recovery or a pause inside a downtrend. First, the US midterm results and the data calendar: the ISM services report lands November 4 and the payrolls report follows later in the week, and both will shape what the Federal Reserve does next. Second, whether technology stocks keep rebounding — Bitcoin's reclaim arrived on the back of a tech-led rally, and a fresh AI-spending wobble could drag it back. Third, whether buyers can push through $81,000–$82,000, the zone where Bitcoin was recently rejected at the declining channel midline near $81,850.

For now, the setup is finely balanced: price above the 200-day average and above short-term holders' cost basis, momentum still soft, liquidations quiet, and a big data week ahead. That is not a breakout — it is a market waiting for a reason to choose a direction. Follow the data as it lands on the Zimbuck News page and in the Zimbuck Market News group. Join the conversation on Zimbuck to discuss where Bitcoin goes from here.

FAQ

What price did Bitcoin reclaim on November 4, 2026? Bitcoin rose back above $77,000, reaching $77,861 on Binance, up 1.32% over 24 hours, and closed at $77,340.90 on the bar ending 00:00 UTC.

Why is $76,000 so important? It is roughly the average cost basis of short-term holders; the STH MVRV ratio near 1.02 means recent buyers are only about 2% in profit, so holding above it keeps the newest cohort out of loss.

What are the key levels now? Support at $76,000, then $73,000–$74,000; resistance at $81,000–$82,000, then $85,000–$87,000. The 200-day moving average sits near $73,169.

How big were recent liquidations? About $52.52 million in 24 hours, 59.1% of it longs — far below the $1.58 billion triggered by the Binance-hack shock.

What comes next in the data calendar? The ISM services report on November 4, then the payrolls report later in the week, alongside the US midterm results.

This article is market news and general information only, not financial advice.

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