Bitcoin

Key insight

$77,319 sits in no-man's land between $72,000 support and $85,000 200-day MA resistance. Reclaiming $85,000 is the prerequisite for any sustained recovery; failure holds bear structure intact.

Trades at $77,319 — 26% below the all-time high near $105,000, unable to reclaim the 200-day MA (~$85,000). Gold at $4,349 signals macro stress; BTC's risk-asset correlation keeps pressure on.

Main risk

200-day MA cap at ~$85,000

Reject at 200-day MA (~$85,000) keeps downtrend structure intact and exposes $65,000 prior cycle support.