Bitcoin traded at $79,202.00 as of the latest daily close, recording a 2.4% 24-hour decline that pulled the world’s largest cryptocurrency back from recent resistance above $80,000. Intraday price action stayed fully contained within a defined $77,618 to $80,786 trading range, with sellers repeatedly fending off upside attempts near the range’s upper bound to keep downward momentum intact. Market analytics currently confirm a bearish near-term outlook with 80% confidence, as weakening spot buying demand and shifting derivatives sentiment point to elevated downside risk in coming sessions. Traders are watching the $77,618 support level closely, as a break below this floor would confirm the bearish forecast and open the door for further declines.
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