Bitcoin's price has reached its lowest level in 100 days, dropping to $82,133, and there are warnings of a potential further decline to $75,000. The decrease in institutional support, evidenced by rising ETF outflows, is seen as a contributing factor. The downtrend is reflected in the breach of key technical levels, such as the 200-day EMA line and the 78.6% Fibonacci level. The daily RSI line has entered oversold territory but has shown signs of recovering. Additionally, the declining institutional support, with significant outflows from US spot Bitcoin ETFs, adds to the bearish sentiment. However, a potential retest of the 78.6% Fibonacci level at $91,783 is still possible if Bitcoin manages to close above the 200-day EMA line.



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