Bitcoin Tumbles Below $78K Amid Market Cap Bullish Indicators

The crypto market continues to trade within a narrow range as investors await fresh signals on the trend's direction. Despite this, the market capitalization remains above its 50- and 200-day moving averages, signaling a bullish 'en cross'.

Bitcoin has returned to its recent lows, trading just below $78K after recording three consecutive red daily candles and opening lower for the fourth day in a row.

The 50-week moving average is acting as resistance for Bitcoin, having previously served as support from August 2024 to October 2025. A breach below it was followed by a significant price decline of 21% over two weeks and 43% over 12 weeks.