Bitcoin slipped below $80,000 over the weekend, sweeping the $79,621 support level before slowly rebounding to trade just above $80,000 on Monday. The bearish performance comes as selling pressure persisted across major cryptocurrencies following three straight weeks of losses. BTC is currently trading at approximately $80,044, while Ethereum and XRP followed the market lower, changing hands around $2,321 and $1.28. The continued retreat leaves buyers struggling to regain control. Bitcoin's technical indicators suggest that recovery attempts remain fragile, increasing the risk of another move toward lower support levels. Bitcoin price forecast: BTC trades below its 50-day EMA Bitcoin remains below its 50-day Exponential Moving Average at $80,787, making that level the first significant obstacle to a recovery.