Bitcoin price threatens $77.7K support loss with recent buyers underwater

Bitcoin's price has recently fallen, threatening a significant support level at $77,700. This decline has pushed the price below the 'realized price' for a specific group of investors: those who purchased Bitcoin one to three months prior. Consequently, these recent buyers are now experiencing losses. This move is critical as it risks turning the former support level into a new resistance point, potentially indicating further downward pressure for Bitcoin.