Bitcoin Price Experiences Significant Decline
- Bitcoin price fell below the $83,500 level, entering a bearish zone.
- The price is trading below $81,200 and the 100 hourly Simple Moving Average.
- A low was formed at $77,057 before starting a recovery wave.
- Immediate resistance is near the $80,000 level, with key resistance at $80,500.
- Major support levels are identified at $77,500 and $77,000.
The Bitcoin price has declined significantly below the $83,500 mark and is currently struggling to recover above the immediate resistance of $80,000. Key support levels are noted at $77,500 and further down at $77,000.
Source (2.6)https://www.newsbtc.com/analysis/btc/bitcoin-price-crashes-hard-77k/?rand=52377
