#BTCvsMarkets

**Bitcoin (BTC) Experiences Sharp Decline – Key Factors Driving the Drop**

Bitcoin (BTC) has dropped more than 4% in the past 24 hours, now trading near **$79,277** after hitting an intraday low of **$78,694**. The sudden decline comes after a strong rejection from the **$84,720** resistance level, signaling heavy selling pressure following recent price highs.

### **Possible Reasons for the Drop:**

1. **Profit-Taking** – After approaching all-time highs, many investors cashed out, triggering a wave of sell orders.

2. **Whale Movements** – Large sell-offs by major holders can spark panic among retail traders, accelerating the downturn.

3. **Technical Breakdown** – BTC fell below the crucial **$82,000** support level, leading to a high-volume sell-off.

4. **Market Sentiment** – Broader risk aversion due to macroeconomic concerns or fear, uncertainty, and doubt (FUD) may be driving volatility.

Trading volume remains high at **$1.43B (USDT)**, reflecting intense market activity. Traders are now watching whether **$78,694** holds as support or if further losses are ahead.

### **Short-Term Outlook:**

While a rebound is possible, Bitcoin must reclaim **$82,000+** to confirm a trend reversal. With volatility elevated, traders should remain cautious and manage risk effectively.

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