Bitcoin (BTC) trades at $77,575 as of today’s market open, posting a tiny 0.07% 24-hour loss to wrap up a quiet overnight session of sideways consolidation. Prices have held firmly within a tight daily range of $76,024 to $79,127, with neither bulls nor bears able to break through key support or resistance levels so far today. Leading market analytics models are pointing to a bearish near-term move for Bitcoin, with an unusually high 80% confidence level attached to this bearish prediction. Traders are now watching the lower end of the current range for a breakdown, with a close below $76,000 widely expected to confirm the projected bearish move in the session ahead.
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