Bitcoin Price Takes a Hit as Bulls Seek New Bullish Momentum

The Bitcoin price has slipped under the $77,000 mark, causing concern among investors and traders.

Despite this downturn, some analysts believe that a new 'macro-bullish shift' could be on the horizon if bulls can regain momentum.

The recent decline in Bitcoin's value may be attributed to the ongoing Hormuz standoff, which has led to an increase in oil prices. This development could have significant implications for the global economy and cryptocurrency markets.