{"id":25286,"date":"2023-06-12T03:56:31","date_gmt":"2023-06-12T07:56:31","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=25286"},"modified":"2023-06-12T03:56:31","modified_gmt":"2023-06-12T07:56:31","slug":"bitcoin-price-at-significant-risk-of-crash-below-25400","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/06\/12\/bitcoin-price-at-significant-risk-of-crash-below-25400\/","title":{"rendered":"Bitcoin Price At Significant Risk of Crash Below $25,400"},"content":{"rendered":"

Bitcoin price is struggling below the $26,150 support. BTC could start another decline if it breaks the key $25,400 support in the near term.<\/em><\/p>\n

Bitcoin is moving lower below the $26,150 support zone.
\nThe price is trading below $26,000 and the 100 hourly Simple moving average.
\nThere is a key bearish trend line forming with resistance near $26,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could decline again if there is a move below the $25,400 support zone.<\/p>\n

Bitcoin Price Remains In Downtrend<\/h2>\n

Bitcoin price struggled to settle above the $26,500 resistance zone<\/a>. BTC declined below the $26,150 support to move into a bearish zone.<\/p>\n

The recent high was formed near $26,133 and the price is now moving lower. There was a break below the 50% Fib retracement level of the upward move from the $25,400 swing low to the $26,133 high. The price also traded below the $25,750 support.<\/p>\n

Bitcoin price is now trading below $26,000 and the 100 hourly Simple moving average<\/a>. There is also a key bearish trend line forming with resistance near $26,000 on the hourly chart of the BTC\/USD pair.<\/p>\n

It seems to be holding the $25,570 support level. It is close to the 76.4% Fib retracement level of the upward move from the $25,400 swing low to the $26,133 high. Immediate resistance is near the $26,000 level and the trend line region.<\/p>\n

The first major resistance is near the $26,150 level. A clear move above the $26,150 resistance might start a decent increase. The next major resistance is near the $26,500 level. A close above $26,500 might send the price further higher.<\/p>\n\n

Source: BTCUSD on TradingView.com<\/a><\/p>\n

The next key resistance is near the $27,000 level, above which Bitcoin might rise toward the $27,500 resistance. Any more gains above the $27,500 resistance zone might send the price toward the $28,500 resistance zone.<\/p>\n

More Losses in BTC?<\/h2>\n

If Bitcoin\u2019s price fails to clear the $26,000 resistance, it could continue to move down. another decline. Immediate support on the downside is near the $25,570 level.<\/p>\n

The next major support is near the $25,400 level, below which the price might accelerate lower. In the stated case, the price could drop toward the $25,000 support 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 below the 50 level.<\/p>\n

Major Support Levels \u2013 $25,570, followed by $25,500.<\/p>\n

Major Resistance Levels \u2013 $26,000, $26,150, and $26,500.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Bitcoin price is struggling below the $26,150 support. BTC could start another decline if it breaks the key $25,400 support in the near term.<\/em><\/p>\n

Bitcoin is moving lower below the $26,150 support zone.
\nThe price is trading below $26,000 and the 100 hourly Simple moving average.
\nThere is a key bearish trend line forming with resistance near $26,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could decline again if there is a move below the $25,400 support zone.<\/p>\n

Bitcoin Price Remains In Downtrend<\/h2>\n

Bitcoin price struggled to settle above the $26,500 resistance zone<\/a>. BTC declined below the $26,150 support to move into a bearish zone.<\/p>\n

The recent high was formed near $26,133 and the price is now moving lower. There was a break below the 50% Fib retracement level of the upward move from the $25,400 swing low to the $26,133 high. The price also traded below the $25,750 support.<\/p>\n

Bitcoin price is now trading below $26,000 and the 100 hourly Simple moving average<\/a>. There is also a key bearish trend line forming with resistance near $26,000 on the hourly chart of the BTC\/USD pair.<\/p>\n

It seems to be holding the $25,570 support level. It is close to the 76.4% Fib retracement level of the upward move from the $25,400 swing low to the $26,133 high. Immediate resistance is near the $26,000 level and the trend line region.<\/p>\n

The first major resistance is near the $26,150 level. A clear move above the $26,150 resistance might start a decent increase. The next major resistance is near the $26,500 level. A close above $26,500 might send the price further higher.<\/p>\n

Source: BTCUSD on TradingView.com<\/a><\/p>\n

The next key resistance is near the $27,000 level, above which Bitcoin might rise toward the $27,500 resistance. Any more gains above the $27,500 resistance zone might send the price toward the $28,500 resistance zone.<\/p>\n

More Losses in BTC?<\/h2>\n

If Bitcoin\u2019s price fails to clear the $26,000 resistance, it could continue to move down. another decline. Immediate support on the downside is near the $25,570 level.<\/p>\n

The next major support is near the $25,400 level, below which the price might accelerate lower. In the stated case, the price could drop toward the $25,000 support 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 below the 50 level.<\/p>\n

Major Support Levels \u2013 $25,570, followed by $25,500.<\/p>\n

Major Resistance Levels \u2013 $26,000, $26,150, and $26,500.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-25286","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/25286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=25286"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/25286\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=25286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=25286"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=25286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}