Garrett Jin: Bitcoin bulls face pressure as $76,500 support remains vulnerable

Garrett Jin, a representative for a prominent Bitcoin whale, stated that Bitcoin's prolonged consolidation above the $76,500 support level is not a positive indicator. He warned that the longer the price stays at this level, the higher the probability of a breakdown toward lower support. According to Jin, Bitcoin needs to reclaim and maintain the $78,300 level to establish a stronger bullish structure in the short term.