{"id":27210,"date":"2023-08-21T04:07:23","date_gmt":"2023-08-21T04:07:23","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/08\/21\/bitcoin-price-consolidates-losses-and-at-risk-of-fresh-decline-to-25k\/"},"modified":"2023-08-21T04:07:23","modified_gmt":"2023-08-21T04:07:23","slug":"bitcoin-price-consolidates-losses-and-at-risk-of-fresh-decline-to-25k","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/08\/21\/bitcoin-price-consolidates-losses-and-at-risk-of-fresh-decline-to-25k\/","title":{"rendered":"Bitcoin Price Consolidates Losses and At Risk of Fresh Decline To $25K"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><em>Bitcoin value is consolidating losses beneath the $26,500 stage. BTC is displaying bearish indicators and stays in danger of a contemporary decline towards $25,000.<\/em><\/p>\n<ul>\n<li>Bitcoin is struggling to get better above the $26,600 resistance zone.<\/li>\n<li>The value is buying and selling beneath $26,500 and the 100 hourly Simple transferring common.<\/li>\n<li>There is a short-term bullish development line forming with assist close to $26,050 on the hourly chart of the BTC\/USD pair (information feed from Kraken).<\/li>\n<li>The pair might proceed to maneuver down and commerce beneath the $26,000 assist.<\/li>\n<\/ul>\n<h2>Bitcoin Price Turns Red<\/h2>\n<p>Bitcoin value began a restoration wave from the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-nosedives-25k-2\/\" target=\"_blank\" rel=\"noopener\">$24,800 support zone<\/a>. BTC managed to get better above the $25,000 and $25,500 resistance ranges.<\/p>\n<p>There was a transfer above the 23.6% Fib retracement stage of the downward transfer from the $29,180 swing excessive to the $24,800 low. However, the value is dealing with so much of hurdles on the upside close to $26,600. It continues to be buying and selling beneath $26,500 and the 100 hourly Simple transferring common.<\/p>\n<p>Besides, there&#8217;s a short-term bullish development line forming with assist close to $26,050 on the hourly chart of the BTC\/USD pair. If Bitcoin stays above the development line, it might try a restoration wave.<\/p>\n<p>Immediate resistance is close to the $26,400 stage. The subsequent main resistance is close to $26,500 and the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-plunges-28400\/\" target=\"_blank\" rel=\"noopener\">100 hourly Simple moving average<\/a>. A transparent transfer above the 100 hourly Simple transferring common might begin a restoration wave towards the $27,000 resistance.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-548154\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/08\/Bitcoin-11.png?resize=1024%2C468\" alt=\"Bitcoin Price\" width=\"1024\" height=\"468\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/08\/Bitcoin-11.png?resize=1024%2C468?w=1835 1835w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/08\/Bitcoin-11.png?resize=1024%2C468?w=460 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/08\/Bitcoin-11.png?resize=1024%2C468?w=768 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/08\/Bitcoin-11.png?resize=1024%2C468?w=860 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/08\/Bitcoin-11.png?resize=1024%2C468?w=1536 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/08\/Bitcoin-11.png?resize=1024%2C468?w=750 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/08\/Bitcoin-11.png?resize=1024%2C468?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" loading=\"lazy\" data-recalc-dims=\"1\"\/><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener\">BTCUSD on TradingView.com<\/a><\/p>\n<p>The 50% Fib retracement stage of the downward transfer from the $29,180 swing excessive to the $24,800 low is close to $27,000 to behave as a resistance. An in depth above the $27,000 resistance might begin a good enhance towards the $27,500 resistance zone. Any extra positive aspects would possibly set the tempo for a bigger enhance towards $28,150.<\/p>\n<h2>Another Decline In BTC?<\/h2>\n<p>If Bitcoin fails to clear the $26,500 resistance, it might proceed to maneuver down. Immediate assist on the draw back is close to the $26,000 zone and the development line.<\/p>\n<p>The subsequent main assist is close to the $25,600 stage. A draw back break beneath the $25,600 stage would possibly push the value additional right into a bearish zone. In the said case, the value might drop towards $25,000.<\/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 beneath the 50 stage.<\/p>\n<p>Major Support Levels \u2013 $26,000, adopted by $25,600.<\/p>\n<p>Major Resistance Levels \u2013 $26,500, $27,000, and $27,500.<\/p>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-consolidates-losses-25k\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Bitcoin value is consolidating losses beneath the $26,500 stage. BTC is displaying bearish indicators and stays in danger of a contemporary decline towards $25,000. Bitcoin is struggling to get better above the $26,600 resistance zone. The value is buying and selling beneath $26,500 and the 100 hourly Simple transferring common. There is a short-term 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