{"id":22833,"date":"2023-05-22T04:46:36","date_gmt":"2023-05-22T04:46:36","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/05\/22\/bitcoin-price-holds-support-but-bears-are-still-in-control\/"},"modified":"2023-05-22T04:46:36","modified_gmt":"2023-05-22T04:46:36","slug":"bitcoin-price-holds-support-but-bears-are-still-in-control","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/05\/22\/bitcoin-price-holds-support-but-bears-are-still-in-control\/","title":{"rendered":"Bitcoin Price Holds Support But Bears Are Still In Control"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><em>Bitcoin worth is holding the important thing $26,550 help zone. BTC may begin a significant decline if there&#8217;s a shut under $26,550 and $26,400.<\/em><\/p>\n<ul>\n<li>Bitcoin began one other decline and traded under the $26,850 stage.<\/li>\n<li>The worth is buying and selling under $27,000 and the 100 hourly Simple shifting common.<\/li>\n<li>There is a significant bearish development line forming with resistance close to $27,120 on the hourly chart of the BTC\/USD pair (information feed from Kraken).<\/li>\n<li>The pair may achieve bearish momentum if there&#8217;s a every day shut under $26,550.<\/li>\n<\/ul>\n<h2>Bitcoin Price Remains In A Range<\/h2>\n<p>Bitcoin worth began a <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-vulnerable-27500\/?swcfpc=1\" target=\"_blank\" rel=\"noopener\">fresh decline<\/a> under the $27,000 stage. BTC traded under the $26,800 help zone and trimmed most of its good points. However, the bulls have been lively close to the $26,550 help.<\/p>\n<p>A low is shaped close to $26,536 and the value is now consolidating losses. It is clearly displaying bearish indicators under $27,000 and the 100 hourly Simple shifting common. There can be a significant bearish development line forming with resistance close to $27,120 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>Bitcoin worth is now dealing with resistance close to the $26,720 stage. It is near the 23.6% Fib retracement stage of the current decline from the $27,268 swing excessive to the $26,536 low.<\/p>\n<p>The subsequent main resistance is close to the $27,000 stage and the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-rally-28k\/?swcfpc=1\" target=\"_blank\" rel=\"noopener\">100 hourly Simple moving average<\/a>. It is near the 61.8% Fib retracement stage of the current decline from the $27,268 swing excessive to the $26,536 low. The first main resistance is close to the development line.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-534329 size-full\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/05\/Bitcoin-15.png\" alt=\"Bitcoin Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/05\/Bitcoin-15.png 1834w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/05\/Bitcoin-15-460x212.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/05\/Bitcoin-15-860x396.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/05\/Bitcoin-15-768x354.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/05\/Bitcoin-15-1536x708.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/05\/Bitcoin-15-750x346.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/05\/Bitcoin-15-1140x525.png 1140w\" sizes=\"auto, (max-width: 1834px) 100vw, 1834px\"\/><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"nofollow noopener\">BTCUSD on TradingView.com<\/a><\/p>\n<p>An in depth above the $27,120 resistance may cut back promoting stress. The subsequent key resistance is close to $27,550, above which the value may begin an honest enhance towards the $28,000 resistance. Any extra good points may ship the value towards the $28,500 stage.<\/p>\n<h2>More Losses in BTC?<\/h2>\n<p>If Bitcoin\u2019s worth fails to clear the $27,120 resistance, it may proceed to maneuver down. Immediate help on the draw back is close to the $26,550 stage.<\/p>\n<p>The subsequent main help is close to the $26,350 zone, under which the value may achieve bearish momentum. In the said case, it may check the $25,800 stage. Any extra losses may take Bitcoin towards the $25,500 stage within the close to time period.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining tempo within the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now under the 50 stage.<\/p>\n<p>Major Support Levels \u2013 $26,550, adopted by $26,350.<\/p>\n<p>Major Resistance Levels \u2013 $27,000, $27,120, and $27,500.<\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-holds-support-26550\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Bitcoin worth is holding the important thing $26,550 help zone. BTC may begin a significant decline if there&#8217;s a shut under $26,550 and $26,400. Bitcoin began one other decline and traded under the $26,850 stage. The worth is buying and selling under $27,000 and the 100 hourly Simple shifting common. There is a significant 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