BTCUSD on TradingView.com<\/a><\/p>\nThe next key resistance is near $27,500, above which the price might gain bullish momentum toward the $28,000 resistance. Any more gains might send the price toward the $28,500 level.<\/p>\n
More Losses in BTC?<\/h2>\n If Bitcoin\u2019s price fails to clear the $26,550 resistance, it could continue to move down. Immediate support on the downside is near the $25,850 level.<\/p>\n
The next major support is near the $25,500 zone, below which the price might dive toward the $25,000 support. Any more losses might take Bitcoin toward the $24,000 level in the near term.<\/p>\n
Technical indicators:<\/p>\n
Hourly MACD \u2013 The MACD is now losing pace in the bearish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 40 level.<\/p>\n
Major Support Levels \u2013 $25,850, followed by $25,500.<\/p>\n
Major Resistance Levels \u2013 $26,250, $26,550, and $26,650.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price is declining from the $27,500 resistance. BTC traded below $26,500 and now remains at risk of a drop toward the $25,500 support zone. Bitcoin is moving lower from the $27,400 and $27,500 resistance levels. The price is trading below $26,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance near $26,650 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could recover but upsides might be limited above the $26,500 resistance. Bitcoin Price Extends Decline Bitcoin price started another decline from the $27,500 resistance zone. BTC failed to stay in a positive zone above the $26,850 support zone and extended its decline. The bears were able to push the price below the key $26,550 support zone. The price even spiked below the $26,000 level. A low is formed near $25,865 and the price is now consolidating losses. Bitcoin price is trading below $26,500 and the 100 hourly Simple moving average. There is also a key bearish trend line forming with resistance near $26,650 on the hourly chart of the BTC\/USD pair. Immediate resistance on the upside is near the $26,250 level or the 23.6% Fib retracement level of the recent decline from the $27,511 swing high to the $25,865 low. The next major resistance is near the $26,400 level. The main resistance is now near $26,550 and the trend line. It is close to the 50% Fib retracement level of the recent decline from the $27,511 swing high to the $25,865 low. A close above the $26,550 resistance zone might send the price toward the $27,200 resistance zone. Source: BTCUSD on TradingView.com The next key resistance is near $27,500, above which the price might gain bullish momentum toward the $28,000 resistance. Any more gains might send the price toward the $28,500 level. More Losses in BTC? If Bitcoin\u2019s price fails to clear the $26,550 resistance, it could continue to move down. Immediate support on the downside is near the $25,850 level. The next major support is near the $25,500 zone, below which the price might dive toward the $25,000 support. Any more losses might take Bitcoin toward the $24,000 level in the near term. Technical indicators: Hourly MACD \u2013 The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 40 level. Major Support Levels \u2013 $25,850, followed by $25,500. Major Resistance Levels \u2013 $26,250, $26,550, and $26,650.<\/p>\n","protected":false},"author":67,"featured_media":462026,"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-534895","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
Bitcoin Bears Aim Big After Recent Breakdown Below $26,500<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n