Bitcoin's recent performance indicates a troubling trend, with a 6.44% decline against the US Dollar in the last 24 hours, underperforming the broader cryptocurrency market. Over the past month, Bitcoin has dropped 21.85%, signaling a bearish medium-term outlook. Despite a 29.64% increase over the past year, the current sentiment remains pessimistic, with the Fear & Greed index at an extreme fear level of 10.

Technical indicators largely support this bearish sentiment, with 73% signaling a negative forecast. Key support levels are at $81,135, $78,271, and $74,140, while resistance levels are at $88,131, $92,263, and $95,127. The market's extreme fear suggests investor caution, highlighting the unpredictable nature of cryptocurrency markets.