BEARISH 📉 : Bitcoin trades below $77,000; losing $75,500 could trigger $74,200 drop

Bitcoin slips under $77,000 and prints a $75,652 low. Price consolidates; bulls must hold $75,500.

Bitcoin failed to hold $77,500 and extended losses below $77,000 and $76,500, with price now under the 100-hour SMA. Source: NewsBTC on the $77,500 break, NewsBTC on 100-hour SMA.

A bearish trend line caps price near $76,500 on BTC/USD. A close above $77,150 opens $77,500 and $78,000. Bulls face $78,500 above.

If $76,000 and $75,500 fail, sellers target $74,200. Main support sits at $73,500.

Bitcoin price intraday chart with trend line and key levels

Key levels:
- Resistance: $76,500 trend line, $77,150, $77,500, $78,000, $78,500
- Support: $76,000, $75,800, $75,500, $74,200, $73,500

Indicators:
- Hourly MACD: momentum builds in bearish zone
- Hourly RSI: below 50