Bitcoin traded lower over the past 24 hours, sliding 1.67% to settle at $79,590 as mild but consistent selling pressure erased recent minor upward gains. Intraday price action has held firmly within a defined range of $77,998 (low) to $81,182 (high), with bulls unable to sustain momentum above the key $81,000 psychological level early in the session. Market analysts have assigned an 80% confidence level to a near-term bearish outlook, indicating most leading technical and on-chain models point to further downside movement ahead. Traders are watching the $78,000 support level closely, with a break below this floor expected to trigger deeper selling that pushes Bitcoin toward the bottom of its current range in the next 24 hours.
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