Bitcoin Fails to Break Resistance, Triggers Downside Risk

Bitcoin's price has been stuck below resistance levels for some time now, causing concern among investors and analysts. According to crypto analyst Kamile Uray, the 4-hour chart still indicates ongoing downside risk, with price action likely to remain weak as long as Bitcoin trades below the critical $78,203 level.

The analyst highlighted that if BTC remains under $78,203, the decline could continue toward the $74,929 region, where buyers may attempt to step in and slow the downward momentum. However, failure to generate a meaningful recovery from that zone could trigger a much deeper correction across the broader market.