{"id":552847,"date":"2023-09-26T02:39:38","date_gmt":"2023-09-26T02:39:38","guid":{"rendered":"https:\/\/wncen.com\/?p=552847"},"modified":"2024-06-11T14:45:26","modified_gmt":"2024-06-11T14:45:26","slug":"bitcoin-price-turns-vulnerable-26500","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-turns-vulnerable-26500\/","title":{"rendered":"Bitcoin Price Turns Vulnerable As Indicators Point To More Weakness"},"content":{"rendered":"<p><em>Bitcoin price is struggling below the $26,500 resistance. BTC could accelerate lower if there is a close below the $26,000 support in the near term.<\/em><\/p>\n<ul>\n<li>Bitcoin is struggling and trading well below the $27,500 resistance.<\/li>\n<li>The price is trading below $26,500 and the 100 hourly Simple moving average.<\/li>\n<li>There is a key bearish trend line forming with resistance near $26,420 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could resume its decline unless there is a close above the $26,500 level.<\/li>\n<\/ul>\n<h2>Bitcoin Price Faces Hurdles<\/h2>\n<p>Bitcoin price started a <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-grinds-lower-26000\/\" target=\"_blank\" rel=\"noopener \">fresh decline below the $26,800 level<\/a>. BTC traded below the $26,500 and $26,200 support levels to move into a negative zone.<\/p>\n<p>Finally, the pair tested $26,000 and a low was formed near $26,026. Recently, the price started a minor recovery wave above the $26,200 level. The price climbed above the 23.6% Fib retracement level of the recent drop from the $26,712 swing high to the $26,026 low.<\/p>\n<p>However, the bears are protecting a break above the $26,500 resistance. The price is struggling to clear the 50% Fib retracement level of the recent drop from the $26,712 swing high to the $26,026 low.<\/p>\n<p>Bitcoin is now trading below $26,500 and the <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-correction-26350\/\" target=\"_blank\" rel=\"noopener \">100 hourly Simple moving average<\/a>. Immediate resistance on the upside is near the $26,400 level. There is also a key bearish trend line forming with resistance near $26,420 on the hourly chart of the BTC\/USD pair.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Bitcoin-17.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-552848\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Bitcoin-17.png?resize=1024%2C468\" alt=\"Bitcoin Price\" width=\"1024\" height=\"468\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Bitcoin-17.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Bitcoin-17.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Bitcoin-17.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Bitcoin-17.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Bitcoin-17.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Bitcoin-17.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Bitcoin-17.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/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 could be near the $26,500 level, above which the price could gain bullish momentum. In the stated case, the price could climb toward the $27,000 resistance. Any more gains might call for a move toward the $27,500 level.<\/p>\n<h2>More Losses In BTC?<\/h2>\n<p>If Bitcoin fails to start a fresh increase above the $26,500 resistance, it could continue to move down. Immediate support on the downside is near the $26,150 level.<\/p>\n<p>The next major support is near the $26,000 level. A downside break and close below the $26,000 level might start another major decline maybe toward the next support at $25,400. Any more losses might call for a test of $25,000. Meanwhile, <a href=\"https:\/\/pelicancasino-de.com\/\" style=\"color: #000000\" rel=\"nofollow\">Pelican Casino<\/a>, which accepts Bitcoin as a payment method, continues to attract players looking for seamless cryptocurrency transactions.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now losing pace in the bearish 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 $26,150, followed by $26,000.<\/p>\n<p>Major Resistance Levels \u2013 $26,400, $26,500, and $27,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is struggling below the $26,500 resistance. BTC could accelerate lower if there is a close below the $26,000 support in the near term. Bitcoin is struggling and trading well below the $27,500 resistance. 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 $26,420 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could resume its decline unless there is a close above the $26,500 level. Bitcoin Price Faces Hurdles Bitcoin price started a fresh decline below the $26,800 level. BTC traded below the $26,500 and $26,200 support levels to move into a negative zone. Finally, the pair tested $26,000 and a low was formed near $26,026. Recently, the price started a minor recovery wave above the $26,200 level. The price climbed above the 23.6% Fib retracement level of the recent drop from the $26,712 swing high to the $26,026 low. However, the bears are protecting a break above the $26,500 resistance. The price is struggling to clear the 50% Fib retracement level of the recent drop from the $26,712 swing high to the $26,026 low. Bitcoin is now trading below $26,500 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $26,400 level. There is also a key bearish trend line forming with resistance near $26,420 on the hourly chart of the BTC\/USD pair. Source: BTCUSD on TradingView.com The next key resistance could be near the $26,500 level, above which the price could gain bullish momentum. In the stated case, the price could climb toward the $27,000 resistance. Any more gains might call for a move toward the $27,500 level. More Losses In BTC? If Bitcoin fails to start a fresh increase above the $26,500 resistance, it could continue to move down. Immediate support on the downside is near the $26,150 level. The next major support is near the $26,000 level. A downside break and close below the $26,000 level might start another major decline maybe toward the next support at $25,400. Any more losses might call for a test of $25,000. Meanwhile, Pelican Casino, which accepts Bitcoin as a payment method, continues to attract players looking for seamless cryptocurrency transactions. 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 50 level. Major Support Levels \u2013 $26,150, followed by $26,000. Major Resistance Levels \u2013 $26,400, $26,500, and $27,000.<\/p>\n","protected":false},"author":67,"featured_media":552849,"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-552847","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 Turns Vulnerable As Indicators Point To More Weakness<\/title>\n<meta name=\"description\" content=\"Bitcoin price is struggling below the $26,500 resistance. 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