Cryptocurrency analytics firm MakroVision suggests that Bitcoin's price is currently on a downward trend, with lower highs and lower lows. The firm explains that although there was a short-term reaction at the critical $79,300 Fibonacci level, selling pressure continues to dominate. MakroVision advises that if key resistance levels are reclaimed, there is potential for a bottom to be formed. The firm identifies $79,300 as a critical level to hold, while a break above $91,700 is necessary for confirmed bullish movement.



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