{"id":654893,"date":"2024-11-26T02:37:36","date_gmt":"2024-11-26T02:37:36","guid":{"rendered":"https:\/\/ktsl888.com\/?p=654893"},"modified":"2024-11-26T02:37:36","modified_gmt":"2024-11-26T02:37:36","slug":"bitcoin-price-slips-95k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-slips-95k\/","title":{"rendered":"Bitcoin Price Slips Below $95K: Is The Rally Losing Steam?"},"content":{"rendered":"<p><em>Bitcoin price is correcting gains below the $96,500 resistance. BTC is now trading below $95,000 and might face hurdles near the $95,750 resistance.<\/em><\/p>\n<ul>\n<li>Bitcoin started a downside correction from the $98,880 zone.<\/li>\n<li>The price is trading below $96,000 and the 100 hourly Simple moving average.<\/li>\n<li>There was a break above a short-term bearish trend line with resistance at $94,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could start another increase if it clears the $95,750 resistance zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Corrects Gains<\/h2>\n<p>Bitcoin price struggled to <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-pauses-100k\/\" target=\"_blank\" rel=\"noopener \">extend gains<\/a> above the $98,800 and $99,000 levels. BTC started a downside correction below the $97,000 and $96,000 levels. It even dipped below $95,000.<\/p>\n<p>A low was formed at $92,550 and the price is now rising. There was a move above the $93,800 resistance level. The price cleared the 23.6% Fib retracement level of the downward move from the $98,880 swing high to the $92,550 low.<\/p>\n<p>Besides, there was a break above a short-term bearish trend line with resistance at $94,200 on the hourly chart of the BTC\/USD pair. Bitcoin price is now trading below $96,000 and the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-approaches-100k\/\" target=\"_blank\" rel=\"noopener \">100 hourly Simple moving average<\/a>.<\/p>\n<p>On the upside, the price could face resistance near the $95,200 level. The first key resistance is near the $95,750 level. It is close to the 50% Fib retracement level of the downward move from the $98,880 swing high to the $92,550 low.<\/p>\n<figure id=\"attachment_654894\" aria-describedby=\"caption-attachment-654894\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/11\/Bitcoin_00bbfa.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-654894 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/11\/Bitcoin_00bbfa.png?resize=1024%2C478\" alt=\"Bitcoin Price \" width=\"1024\" height=\"478\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/11\/Bitcoin_00bbfa.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/11\/Bitcoin_00bbfa.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/11\/Bitcoin_00bbfa.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/11\/Bitcoin_00bbfa.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/11\/Bitcoin_00bbfa.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/11\/Bitcoin_00bbfa.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/11\/Bitcoin_00bbfa.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-654894\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>A clear move above the $95,750 resistance might send the price higher. The next key resistance could be $97,350. A close above the $97,350 resistance might initiate more gains. In the stated case, the price could rise and test the $98,880 resistance level. Any more gains might send the price toward the $100,000 level.<\/p>\n<h2>Another Dip In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $95,750 resistance zone, it could start another downside correction. Immediate support on the downside is near the $93,800 level.<\/p>\n<p>The first major support is near the $92,500 level. The next support is now near the $90,000 zone. Any more losses might send the price toward the $88,000 support in the near term.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $93,800, followed by $92,500.<\/p>\n<p>Major Resistance Levels \u2013 $95,750, and $97,350.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is correcting gains below the $96,500 resistance. BTC is now trading below $95,000 and might face hurdles near the $95,750 resistance. Bitcoin started a downside correction from the $98,880 zone. The price is trading below $96,000 and the 100 hourly Simple moving average. There was a break above a short-term bearish trend line with resistance at $94,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could start another increase if it clears the $95,750 resistance zone. Bitcoin Price Corrects Gains Bitcoin price struggled to extend gains above the $98,800 and $99,000 levels. BTC started a downside correction below the $97,000 and $96,000 levels. It even dipped below $95,000. A low was formed at $92,550 and the price is now rising. There was a move above the $93,800 resistance level. The price cleared the 23.6% Fib retracement level of the downward move from the $98,880 swing high to the $92,550 low. Besides, there was a break above a short-term bearish trend line with resistance at $94,200 on the hourly chart of the BTC\/USD pair. Bitcoin price is now trading below $96,000 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $95,200 level. The first key resistance is near the $95,750 level. It is close to the 50% Fib retracement level of the downward move from the $98,880 swing high to the $92,550 low. A clear move above the $95,750 resistance might send the price higher. The next key resistance could be $97,350. A close above the $97,350 resistance might initiate more gains. In the stated case, the price could rise and test the $98,880 resistance level. Any more gains might send the price toward the $100,000 level. Another Dip In BTC? If Bitcoin fails to rise above the $95,750 resistance zone, it could start another downside correction. Immediate support on the downside is near the $93,800 level. The first major support is near the $92,500 level. The next support is now near the $90,000 zone. Any more losses might send the price toward the $88,000 support in the near term. Technical indicators: Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level. Major Support Levels \u2013 $93,800, followed by $92,500. Major Resistance Levels \u2013 $95,750, and $97,350.<\/p>\n","protected":false},"author":67,"featured_media":654895,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83361],"tags":[428,679,1144,78790,76835],"class_list":["post-654893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-btc","tag-bitcoin","tag-bitcoin-price","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\n<title>Bitcoin Price Slips Below $95K: Is The Rally Losing Steam?<\/title>\n<meta name=\"description\" content=\"Bitcoin price is correcting gains below the $96,500 resistance. 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