Bitcoin risks deeper decline below $76,466 as bearish momentum persists

Bitcoin BTC is back in the green on Wednesday after a poor start to the week. The leading cryptocurrency is trading above $77,000 as investors monitor a critical support level that could determine whether the cryptocurrency extends its recent decline. The largest cryptocurrency is hovering just above its 200-day Exponential Moving Average (EMA) at $76,466, a technical level that has become increasingly important as bearish momentum persists. Although Bitcoin has managed to defend this support so far, its inability to reclaim shorter-term moving averages suggests that sellers continue to...