BTC stays in short-term downtrend, with support around $73K in focus

Bitcoin remains in a short-term downtrend after falling below the key support level of $76,400, The Crypto Basic said. The outlet added, "BTC" has attempted several rebounds since slipping under $76,400 on Nov. 5 but has failed to reclaim that level. On the four-hour chart, both highs and lows have continued to trend lower, signaling bearish price action. The outlet said the next key support zone stands at $72,700-$73,000, and a break below that range could increase the likelihood of further losses. On the upside, a recovery above $76,400 and sustained trading at that level could serve as an early sign of a short-term trend reversal. Resistance levels were identified at $79,500, $83,500 and $87,000.