Bitcoin Price Declines Below $78,000 Amid Bearish Trends

Bitcoin Price Update

Bitcoin has declined below $78,000 and is currently consolidating losses.
The price trades below $78,500 and the 100 hourly Simple Moving Average.
A bearish trend line is forming with resistance at $79,500 on the BTC/USD hourly chart.
Immediate resistance is near $77,800, while the first key resistance level is at $78,500.
If Bitcoin clears $78,500, it may rise towards $81,500 and potentially $82,000.
Failure to surpass $78,500 could lead to a decline, with immediate support around $75,750 and major support at $74,750.
Additional support levels are near $73,500 and $72,000, with a main support at $70,000.
Technical indicators show MACD gaining pace in the bearish zone and RSI below 50.