The total cryptocurrency market cap is currently at $2.81 trillion, with Bitcoin trading at $86,147 after a 2.47% recovery from a 5% crash the previous night. Bitcoin experienced a sharp decline, creating a new low at $82,133 and closing below the 200-day EMA line, leading to concerns over further corrections. The daily price chart shows four consecutive red candles and a 20% drop. Bitcoin is struggling to overcome immediate resistance and is hovering near the 200-day EMA line. The MACD indicator and EMA lines indicate growing negative momentum and a bearish outlook. The daily net outflow of U.S. Bitcoin Spot ETFs reached $754.53 million, with BlackRock and Fidelity being the biggest sellers. The analysis suggests that the downward trend in Bitcoin prices will continue, with weaker institutional support and an immediate support target at $76,722. The key resistance level remains at $92,118.



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