The price of Bitcoin has started to decline from the $90,000 range and is now below $82,500. It may continue to move down to below $78,000. The price has tested the $76,500 support level and is currently in a consolidation phase. It is trading below $80,000 and the 100-hourly simple moving average. On the upside, there is resistance near $80,200 and $82,000. If the price manages to break above $84,000, it could rise further towards $85,500, $88,000, or even $96,200. However, if it fails to rise above the $82,000 resistance zone, it may start a fresh decline with support levels at $77,200 and $76,500. The next support levels are near $75,000 and $72,000, with the main support at $70,000. The technical indicators suggest a bearish trend.



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