Bitcoin (BTCUSD) has continued its downward trajectory in recent intraday trading, dropping below the crucial support level of $77,000. This break confirms a bearish shift, raising the likelihood of further price declines. Bitcoin is now trading near a descending minor trendline, within the broader downtrend. Additional signals from the Relative Strength Index (RSI) further support the bearish outlook, although the asset is approaching oversold territory.
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