{"id":23174,"date":"2023-05-26T05:52:37","date_gmt":"2023-05-26T05:52:37","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/05\/26\/bitcoin-price-struggles-to-recover-and-remains-vulnerable-to-fresh-decline\/"},"modified":"2023-05-26T05:52:37","modified_gmt":"2023-05-26T05:52:37","slug":"bitcoin-price-struggles-to-recover-and-remains-vulnerable-to-fresh-decline","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/05\/26\/bitcoin-price-struggles-to-recover-and-remains-vulnerable-to-fresh-decline\/","title":{"rendered":"Bitcoin Price Struggles To Recover and Remains Vulnerable To Fresh Decline"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><em>Bitcoin value is struggling to get well above the $26,650 resistance. BTC may begin one other decline if it stays beneath the $26,650 resistance zone.<\/em><\/p>\n<ul>\n<li>Bitcoin is consolidating beneath the $26,600 and $26,650 resistance ranges.<\/li>\n<li>The value is buying and selling beneath $26,650 and the 100 hourly Simple transferring common.<\/li>\n<li>There is a serious bearish development line forming with resistance close to $26,640 on the hourly chart of the BTC\/USD pair (knowledge feed from Kraken).<\/li>\n<li>The pair may get well if there&#8217;s a clear transfer above the $26,650 resistance.<\/li>\n<\/ul>\n<h2>Bitcoin Price Faces Hurdle<\/h2>\n<p>Bitcoin value remained in a <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-bears-aim-25000\/?swcfpc=1\" target=\"_blank\" rel=\"noopener\">bearish zone below the $27,500 resistance zone<\/a>. BTC prolonged its decline and traded beneath the $26,000 degree. A low was fashioned close to $25,865 earlier than the value began an upside correction.<\/p>\n<p>There was a transfer above the $26,200 degree. The value is buying and selling above the 23.6% Fib retracement degree of the downward transfer from the $27,512 swing excessive to the $25,865 low. However, the value is going through many hurdles close to $26,650.<\/p>\n<p>Bitcoin value is now consolidating beneath the $26,600 and $26,650 resistance ranges. There can be a serious bearish development line forming with resistance close to $26,640 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>Immediate resistance on the upside is close to the $26,550 degree. The subsequent main resistance is close to the $26,650 degree or the 50% Fib retracement degree of the downward transfer from the $27,512 swing excessive to the $25,865 low. An in depth above the $26,650 resistance zone may ship the value towards the $27,200 resistance zone.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-535095\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/05\/Bitcoin-19.png\" alt=\"Bitcoin Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/05\/Bitcoin-19.png 1834w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/05\/Bitcoin-19-460x212.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/05\/Bitcoin-19-860x396.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/05\/Bitcoin-19-768x354.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/05\/Bitcoin-19-1536x708.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/05\/Bitcoin-19-750x346.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/05\/Bitcoin-19-1140x525.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>The subsequent key resistance is close to $27,550, above which the value may rise towards the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-fails-again-27500\/?swcfpc=1\" target=\"_blank\" rel=\"noopener\">$28,000 resistance<\/a>. Any extra features may ship the value towards the $28,200 resistance degree.<\/p>\n<h2>Fresh Decline in BTC?<\/h2>\n<p>If Bitcoin\u2019s value fails to clear the $26,650 resistance, it may begin one other decline. Immediate help on the draw back is close to the $26,200 degree.<\/p>\n<p>The subsequent main help is close to the $26,000 zone, beneath which the value may revisit the final swing low at $25,865. Any extra losses may take Bitcoin towards the $25,000 degree within the close to time period.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now shedding tempo within the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 40 degree.<\/p>\n<p>Major Support Levels \u2013 $26,200, adopted by $26,000.<\/p>\n<p>Major Resistance Levels \u2013 $26,550, $26,650, and $27,200.<\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-struggles-26650\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Bitcoin value is struggling to get well above the $26,650 resistance. BTC may begin one other decline if it stays beneath the $26,650 resistance zone. Bitcoin is consolidating beneath the $26,600 and $26,650 resistance ranges. The value is buying and selling beneath $26,650 and the 100 hourly Simple transferring common. There is a serious 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