Bitcoin slides below $78,000 as bears defend $77,700 and $78,650

Bitcoin continued to weaken after failing to hold $78,500, with BTC trading below $78,000 and the 100-hour simple moving average. Price printed a low at $76,561 and is consolidating, while resistance is seen around $77,700 and $78,650 and support levels include $76,500 and $75,800. The report also notes RSI is below 50 and hourly MACD remains in bearish territory.