Bitcoin Price Loses Steam as Bears Circle Critical $78K Floor

Bitcoin's price was trading between $78,060 and $78,500 on Tuesday morning around 8 a.m. EDT, after pulling back from the $80,537 area, leaving short-term sellers with an edge even as longer-term technical measures remained constructive. The split leaves bitcoin's price walking a tightrope between support around $78,170-$78,193 and resistance stretching from roughly $78,430 to $80,537.