Bitcoin Slips Under $80,000 as BTC Tests $78,800 Support and $80,700 Resistance

Bitcoin extended losses after failing to hold the $80,500 area, pushing BTC below $80,000 and under the 100-hour simple moving average. Price action formed a low at $78,720 and then consolidated, with nearby support levels highlighted at $79,200 and $78,800. On the upside, resistance is seen around $80,000, $80,500, and a bearish trend line near $80,700.