Bitcoin breaks downside from five-week channel, loses roughly $5,500
AI Summary
Bitcoin broke below a five-week-old descending channel on Friday.
Bitcoin fell roughly $5,500 within hours to reach $76,350.
Bitcoin rebounded above $78,000 and was recently near $77,800.
Bitcoin broke below a five-week-old descending channel on Friday, losing roughly $5,500 within hours. The largest cryptocurrency dropped to $76,350 before buyers stepped back in, pushing it above $78,000 and leaving it recently near $77,800.