Bitcoin falls below $77K
Bitcoin has maintained a key support level around $77,250, continuing to consolidate in the short term despite showing signs of weakening momentum after a strong rally in August, with trading volume dropping to $3.1 billion. The cryptocurrency faced pressure following escalating tensions between the United States and Iran, which led investors to reduce their exposure to high-risk assets. Meanwhile, moving average support levels between $69,300 and $72,400 remain crucial, and the market's direction depends on Bitcoin's ability to hold these support levels and sustain institutional demand through ETFs.
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