{"id":535094,"date":"2023-05-26T02:54:14","date_gmt":"2023-05-26T02:54:14","guid":{"rendered":"https:\/\/ktsl888.com\/?p=535094"},"modified":"2024-06-11T08:31:18","modified_gmt":"2024-06-11T08:31:18","slug":"bitcoin-price-struggles-26650","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-struggles-26650\/","title":{"rendered":"Bitcoin Price Struggles To Recover and Remains Vulnerable To Fresh Decline"},"content":{"rendered":"<p><em>Bitcoin price is struggling to recover above the $26,650 resistance. BTC might start another decline if it stays below the $26,650 resistance zone.<\/em><\/p>\n<ul>\n<li>Bitcoin is consolidating below the $26,600 and $26,650 resistance levels.<\/li>\n<li>The price is trading below $26,650 and the 100 hourly Simple moving average.<\/li>\n<li>There is a major bearish trend line forming with resistance near $26,640 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could recover if there is a clear move above the $26,650 resistance.<\/li>\n<\/ul>\n<h2>Bitcoin Price Faces Hurdle<\/h2>\n<p>Bitcoin price remained in a <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-bears-aim-25000\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">bearish zone below the $27,500 resistance zone<\/a>. BTC extended its decline and traded below the $26,000 level. A low was formed near $25,865 before the price started an upside correction.<\/p>\n<p>There was a move above the $26,200 level. The price is trading above the 23.6% Fib retracement level of the downward move from the $27,512 swing high to the $25,865 low. However, the price is facing many hurdles near $26,650.<\/p>\n<p>Bitcoin price is now consolidating below the $26,600 and $26,650 resistance levels. There is also a major bearish trend line forming with resistance near $26,640 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>Immediate resistance on the upside is near the $26,550 level. The next major resistance is near the $26,650 level or the 50% Fib retracement level of the downward move from the $27,512 swing high to the $25,865 low. A close above the $26,650 resistance zone might send the price toward the $27,200 resistance zone.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-535095\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/Bitcoin-19.png?resize=1834%2C845\" alt=\"Bitcoin Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/Bitcoin-19.png?w=1834 1834w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/Bitcoin-19.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/Bitcoin-19.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/Bitcoin-19.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/Bitcoin-19.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/Bitcoin-19.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/Bitcoin-19.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSD on TradingView.com<\/a><\/p>\n<p>The next key resistance is near $27,550, above which the price might rise toward the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-fails-again-27500\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">$28,000 resistance<\/a>. Any more gains might send the price toward the $28,200 resistance level.<\/p>\n<h2>Fresh Decline in BTC?<\/h2>\n<p>If Bitcoin\u2019s price fails to clear the $26,650 resistance, it could start another decline. Immediate support on the downside is near the $26,200 level.<\/p>\n<p>The next major support is near the $26,000 zone, below which the price might revisit the last swing low at $25,865. Any more losses might take Bitcoin toward the $25,000 level in the near term.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now losing pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 40 level.<\/p>\n<p>Major Support Levels \u2013 $26,200, followed by $26,000.<\/p>\n<p>Major Resistance Levels \u2013 $26,550, $26,650, and $27,200.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is struggling to recover above the $26,650 resistance. BTC might start another decline if it stays below the $26,650 resistance zone. Bitcoin is consolidating below the $26,600 and $26,650 resistance levels. The price is trading below $26,650 and the 100 hourly Simple moving average. There is a major bearish trend line forming with resistance near $26,640 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could recover if there is a clear move above the $26,650 resistance. Bitcoin Price Faces Hurdle Bitcoin price remained in a bearish zone below the $27,500 resistance zone. BTC extended its decline and traded below the $26,000 level. A low was formed near $25,865 before the price started an upside correction. There was a move above the $26,200 level. The price is trading above the 23.6% Fib retracement level of the downward move from the $27,512 swing high to the $25,865 low. However, the price is facing many hurdles near $26,650. Bitcoin price is now consolidating below the $26,600 and $26,650 resistance levels. There is also a major bearish trend line forming with resistance near $26,640 on the hourly chart of the BTC\/USD pair. Immediate resistance on the upside is near the $26,550 level. The next major resistance is near the $26,650 level or the 50% Fib retracement level of the downward move from the $27,512 swing high to the $25,865 low. A close above the $26,650 resistance zone might send the price toward the $27,200 resistance zone. Source: BTCUSD on TradingView.com The next key resistance is near $27,550, above which the price might rise toward the $28,000 resistance. Any more gains might send the price toward the $28,200 resistance level. Fresh Decline in BTC? If Bitcoin\u2019s price fails to clear the $26,650 resistance, it could start another decline. Immediate support on the downside is near the $26,200 level. The next major support is near the $26,000 zone, below which the price might revisit the last swing low at $25,865. Any more losses might take Bitcoin toward the $25,000 level in the near term. Technical indicators: Hourly MACD \u2013 The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 40 level. Major Support Levels \u2013 $26,200, followed by $26,000. Major Resistance Levels \u2013 $26,550, $26,650, and $27,200.<\/p>\n","protected":false},"author":67,"featured_media":460984,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,679,1144,78790,76835],"class_list":["post-535094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-price","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\n<title>Bitcoin Price Struggles To Recover and Remains Vulnerable To Fresh Decline<\/title>\n<meta name=\"description\" content=\"Bitcoin price is struggling to recover above the $26,650 resistance. 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