Bitcoin Breaks Above Four-Week Range as Binance Reserves Plummet
Bitcoin's price has broken above the $82,280 mark after four weeks of consolidation, maintaining its bullish breakout. This move comes as Binance reported a large daily net outflow of over 13,800 BTC, with reserves falling by around 20,000 BTC in just four days.
The former range ceiling near $82,280 has now shifted from resistance to support, and the token's price still needs to clear the $85K-$87K rejection zone before accessing higher liquidity near $100,000. The weekly breakout remains intact as long as $82,280 holds, with declining Binance reserves adding a separate supply-side signal.
The token's price expanded towards $87,000 but met weekly internal range liquidity, creating a rejection that pushed the price back to around $83,460. This pullback tests whether the breakout can hold, and acceptance above $82,280 keeps the former range below price.