Bitcoin is currently trading at $76,785, posting a 2.92% 24-hour loss as bearish selling pressure overwhelms recent bullish momentum. Intraday price action has stayed contained within a clear range between $75,249 and $78,321, with bears pushing the asset down from early session highs to test near the lower support level. Market analysts and short-term forecasting models hold an 80% confidence bearish outlook, calling for continued downside movement in the near term. Traders should monitor key levels closely: a break below $75,200 would open the door for deeper corrections, while a move back above $78,300 would invalidate the current bearish thesis.
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