Bitcoin Price Sees Continued Decline Amidst Support and Resistance Levels

Bitcoin's price has extended its decline, trading below $77,000 after failing to stay above the $77,500 support zone.

The cryptocurrency is currently consolidating losses, with some technical indicators suggesting a bearish trend. The MACD is gaining pace in the bearish zone, while the RSI for BTC/USD is now below the 50 level.

Key resistance levels have been identified as $77,000 and $78,300, with potential support levels at $76,000 and $75,500. If Bitcoin fails to rise above the $78,300 resistance zone, it could start another decline, potentially leading to further losses.