Bitcoin (BTC/USD) extended its sharp decline, successfully breaking below the $87,055 level and reaching the negative target at $80,474.40, as predicted in our previous report. The price remains under strong bearish pressure, influenced by a previously completed double top pattern, which signals a potential continuation of the downtrend.
Outlook & Key Levels:
A further drop below $80,474.40 could expose Bitcoin to additional losses, with the next key support near $78,500.
Any attempted recovery may face resistance around $83,200 and $85,000.
Trend Forecast: Bearish
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