The world’s largest cryptocurrency by market capitalization is currently trading at $78,040, down 1.27% over the past 24 hours, as bulls continue to fail at challenging the key $80,000 psychological resistance level. Bitcoin has traded within a tight intraday range between $76,479 and $79,601, with no convincing breakout from this band in either direction so far. Market analytics models peg a bearish short-term outlook at 80% confidence, indicating that downside momentum is the most probable outcome over the next trading session. Traders should watch for a break below the $76,479 support to confirm extended losses, while a close above $79,601 would invalidate the current bearish call and open the door for a retest of the $80,000 level.
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