Expert predicts Bitcoin’s price after $6 billion Binance hack

A trading expert has warned that Bitcoin ( BTC ) could fall towards $68,000 following the $6.3 billion Binance hack if the cryptocurrency loses a critical technical support level. In a TradingView analysis published on October 30, TradingShot compared the Thursday Binance security breach with the November 2022 FTX collapse, suggesting that the latest incident could trigger another aggressive Bitcoin correction. Before the hack, Bitcoin was trading around $77,000 and had struggled to reclaim its daily 50-day moving average ( MA ).