Bitcoin's price has been declining due to disappointment surrounding the U.S. government's Strategic Bitcoin Reserve announcement, which did not provide fresh capital inflows. The market is now dominated by bears, and unless key support levels are held, a deeper correction is likely. Technical indicators like the RSI and MACD suggest increasing bearish momentum. If support levels fail, Bitcoin could see a significant drop to $60,000 or possibly $47,000. Traders and investors should closely monitor BTC's price action at $79,000-$75,000 to gauge the possibility of a relief bounce or further downside. The next major move for Bitcoin depends on whether bulls can reclaim key resistance levels or if bears continue to dominate.



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