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Bitcoin Faces a Critical Test at $78K: Could a Short Squeeze Trigger a Rally Towards $85K?

Coinpedia·November 2, 2026·1 min read
Bitcoin Faces a Critical Test at $78K: Could a Short Squeeze Trigger a Rally Towards $85K?

Bitcoin price struggles to recover after hitting lows at $76,460, following a reported $6.3 billion security breach at Binance that triggered market uncertainty. BTC faces a critical test at $78K, with potential for a short squeeze that could drive a rally toward $85K. The market remains highly volatile.

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