Bitcoin’s price loss of 8% over 24 hours reflects concerns in global markets, particularly amid trade disputes. This has elevated the Short-Term Holder Net Unrealized Profit and Loss to an 8-month peak, suggesting potential capitulation among short-term investors.
Currently priced at approximately $77,234, Bitcoin maintains support just above $76,741. A break below this could trigger drops to $74,000, while overcoming resistance at $80,000 could signal a recovery and restore investor confidence.
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