<div id="readability-page-1"><div>Bitcoin price started a fresh decline below the $77,500 zone. BTC is consolidating and might struggle to stay above the $76,000 support.<ul><li>Bitcoin failed to stay above $77,500 and extended losses.</li><li>The price is trading below $77,000 and the 100 hourly simple moving average.</li><li>There is a bearish trend line forming with resistance at $76,850 on the hourly chart of the BTC/USD pair (data feed from Kraken).</li><li>The pair might extend losses if it stays below the $77,000 and $77,500 levels.</li></ul>Bitcoin Price Dips AgainBitcoin price failed to stay above the $77,500 support zone. BTC remained in a bearish zone and extended losses below the $77,000 level. There was a move below the $76,500 level.The price even dipped below $76,200. A low was formed at $76,020 and the price is now consolidating losses. It is showing bearish signs below the 23.6% Fib retracement level of the downward move from the $82,018 swing high to the $76,020 low.Bitcoin is now trading below $77,000 and the 100 hourly simple moving average. If the price remains stable above $76,000, it could attempt a fresh increase. Immediate resistance is near the $77,000 level. There is also a bearish trend line forming with resistance at $76,850 on the hourly chart of the BTC/USD pair.<figure></figure>The first key resistance is near the $78,300 level. A close above the $78,300 resistance might send the price further higher. In the stated case, the price could rise and test the $79,000 resistance or the 50% Fib retracement level of the downward move from the $82,018 swing high to the $76,020 low. Any more gains might send the price toward the $80,000 level. The next barrier for the bulls could be $81,200.More Losses In BTC?If Bitcoin fails to rise above the $78,300 resistance zone, it could start another decline. Immediate support is near the $76,200 level.The first major support is near the $76,000 level. The next support is now near the $75,500 zone. Any more losses might send the price toward the $75,000 support in the near term. The main support now sits at $74,200, below which BTC might struggle to recover in the near term.Technical indicators:Hourly MACD – The MACD is now gaining pace in the bearish zone.Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.Major Support Levels – $76,000, followed by $75,000.Major Resistance Levels – $77,000 and $78,300.</div></div>

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Bitcoin price continues to decline, trading below $77,000 and facing resistance at $76,850. It has formed a low at $76,020 and may test the $75,000 support if it fails to rise above $78,300. Key support levels are at $76,000 and $75,500, while resistance is at $77,000 and $78,300. Technical indicators show a bearish trend.

- Bitcoin price is experiencing a decline, falling below the $77,500 support zone and trading below $77,000.  
- The price has formed a low at $76,020 and is facing resistance near $76,850, with immediate support around $76,200 and a major support level at $76,000.  
- If Bitcoin does not surpass the $78,300 resistance, it may continue to decline, potentially reaching levels as low as $74,200.

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