BTCUSD on TradingView.com<\/a><\/p>\nA close above the $27,800 resistance and the 100 hourly Simple moving average might start a decent increase. The next key resistance is near $28,000, above which the price might climb toward the $28,500 resistance.<\/p>\n
More Losses in BTC?<\/h2>\n If Bitcoin\u2019s price fails to clear the $27,500 resistance, it could continue to move down. Immediate support on the downside is near the $26,750 level.<\/p>\n
The next major support is near the $26,500 zone, below which the price might gain bearish momentum. In the stated case, it could revisit the $26,000 level. Any more losses might take Bitcoin toward the $25,000 level in the near term.<\/p>\n
Technical indicators:<\/p>\n
Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n
Major Support Levels \u2013 $26,750, followed by $26,000.<\/p>\n
Major Resistance Levels \u2013 $27,000, $27,350, and $27,800.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price is moving lower below the $28,000 level. BTC is at risk of a downside break toward the $25,000 support in the near term. Bitcoin struggled to recover above the $27,500 and $27,800 resistance levels. The price is trading below $27,500 and the 100 hourly Simple moving average. There are two bearish trend lines forming with resistance near $27,000 and $27,800 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could continue to move down if it breaks the $26,750 support zone. Bitcoin Price Extends Decline Bitcoin price failed to start a recovery wave above the $27,800 level. BTC remained in a bearish zone and settled below the $27,500 support zone. The bears were able to push the price below the $27,000 level. A low is formed near $26,720 and the price is now showing a lot of bearish signs. It is still trading below $27,500 and the 100 hourly Simple moving average. There are also two bearish trend lines forming with resistance near $27,000 and $27,800 on the hourly chart of the BTC\/USD pair. Bitcoin price is likely to face sellers near the $27,000 level or the 23.6% Fib retracement level recent drop from the $28,335 swing high to the $26,720 low. The next major resistance is near the $27,350 level. The main resistance is now forming near the next trend line and $27,800. It is close to the 50% Fib retracement level recent drop from the $28,335 swing high to the $26,720 low. Source: BTCUSD on TradingView.com A close above the $27,800 resistance and the 100 hourly Simple moving average might start a decent increase. The next key resistance is near $28,000, above which the price might climb toward the $28,500 resistance. More Losses in BTC? If Bitcoin\u2019s price fails to clear the $27,500 resistance, it could continue to move down. Immediate support on the downside is near the $26,750 level. The next major support is near the $26,500 zone, below which the price might gain bearish momentum. In the stated case, it could revisit the $26,000 level. Any more losses might take Bitcoin toward the $25,000 level in the near term. Technical indicators: Hourly MACD \u2013 The MACD is now gaining 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 $26,750, followed by $26,000. Major Resistance Levels \u2013 $27,000, $27,350, and $27,800.<\/p>\n","protected":false},"author":67,"featured_media":464089,"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-532206","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 Price Technical Breakdown Could Take BTC Toward $25K<\/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