<ul><li>Bitcoin price has broken below the 200-day moving average, signaling a bearish trend.</li><li>The asset is currently hovering around the $77K–$78K range, above a strong demand zone near $74K.</li><li>On the 4-hour chart, BTC broke down from a rising channel and faces resistance around $80K.</li><li>Adjusted SOPR suggests that BTC holders are still selling at a profit, but a downtrend in profitability indicates possible short-term bearish sentiment.</li></ul>

Bitcoin Price Analysis: BTC Risks Further Downside if it Fails to Reclaim This Resistance

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