Bitcoin Price Falls Below $76,500 as Bearish Momentum Intensifies
By
Aayush Jindal
4d ago· 2 min readenNews
70/100
Toasty
Bagelometer↗
Crisped on the outside, thoughtful enough on the inside.
Score70TypenewsSentimentnegative
Summary
Bitcoin price has entered a bearish phase after failing to break the $77,500-$77,800 resistance zone. The cryptocurrency declined below key support at $76,500 and is now trading below $76,500 with bearish momentum. Technical indicators suggest further downside potential, with BTC possibly continuing lower below $75,500. A break below a declining channel on the hourly chart reinforces the bearish outlook, and recovery hopes are fading as the downtrend gains pace.
Key quotes
· 5 pulledBitcoin price started a downside correction from the $77,800 zone.
BTC is showing bearish signs and might continue lower below $75,500.
Bitcoin price failed to clear the $77,500 resistance zone.
BTC started a downside correction and declined below the key support at $76,500 to enter a bearish zone.
Recovery hopes continue to fade.
Bitcoin price started a downside correction from the $77,800 zone. BTC is showing bearish signs and might continue lower below $75,500.
