Bitcoin Slips Below $77K as Oil Surge Pressures Crypto Market

Bitcoin has dropped below $77,000 after facing three rejections at the $79,000 level within eight sessions — establishing a clear resistance zone.

The broader market followed:

* $ETH down 3.7% to $2,290

* $XRP down 3.2% to $1.39

* $SOL down 3.9% to $84

* BNB down 1.8% to $625

The decline comes as oil prices climb to a 3-week high, driven by tensions around the Strait of Hormuz, adding macro pressure to risk assets.

Market outlook remains mixed:

* Bullish case: Rising retail + institutional demand, with whale accumulation increasing

* Bearish case: Recent rally driven by short squeeze, leaving market vulnerable

Key level:

$79K remains resistance. A confirmed breakout or rejection will define the next major move.

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