• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

ZachXBT reveals Coinbase users lost another $45M in a week to ongoing social engineering scams

2025-05-07

Bitcoin PUMPS Ahead of FOMC Press Conference

2025-05-06

Bitcoin Core Removes The Mask

2025-05-06

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What is a Layer-1 (L1) Blockchain? L1 Problems & Future

    2025-05-03

    What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

    2025-05-02

    What Is a Layer-0 Blockchain Protocol?

    2025-05-02

    What They Are and What They Are For

    2025-04-17

    What It is & Why it Matters

    2025-04-16
  • Videos

    Bitcoin PUMPS Ahead of FOMC Press Conference

    2025-05-06

    Bitcoin Core Removes The Mask

    2025-05-06

    Bitcoin to $100K? SOL, ETH, Altcoin Season, MOVE Disaster & More

    2025-05-05

    How To Run Your Own Bitcoin Node (And Fight Bitcoin Spam)

    2025-05-04

    Recession Incoming? The US Economy Can’t Hide It Anymore!

    2025-05-04
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Analysis»Bitcoin Price Back To Square One, Why This Could Be A Bearish Signal
Analysis

Bitcoin Price Back To Square One, Why This Could Be A Bearish Signal

2023-09-01No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin price trimmed all gains and tested the $25,650 zone. BTC is now at risk of a fresh decline toward the $24,500 level in the near term.

  • Bitcoin started a fresh decline below the $26,500 and $26,200 levels.
  • The price is trading below $26,600 and the 100 hourly Simple moving average.
  • There is a key bearish trend line forming with resistance near $26,750 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could extend its decline toward $24,500 in the coming sessions.

Bitcoin Price Starts Fresh Decline

Bitcoin price failed to climb again above the $27,000 resistance zone. BTC started a fresh decline and gained bearish momentum below the $26,500 level.

There was a clear move below the $26,200 level. The price even spiked below the $26,000 level. A low is formed near $25,663 and the price is now consolidating losses. Bitcoin is now trading below $26,600 and the 100 hourly Simple moving average.

Besides, there is a key bearish trend line forming with resistance near $26,750 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $26,250 level. It is close to the 23.6% Fib retracement level of the recent decline from the $28,150 swing high to the $25,663 low.

The first major resistance is near the $26,650 level or the trend line region. The trend line is also close to the 50% Fib retracement level of the recent decline from the $28,150 swing high to the $25,663 low. The main resistance is now forming near the $27,000 level.

See also  Solana Turns Sell On Rallies As It Breaks $20

Bitcoin Price

Source: BTCUSD on TradingView.com

A clear move above the $27,000 level might send the price toward $27,400. The next major resistance is near $28,000, above which there could be a sustained increase. In the stated case, the price could test the $29,200 level.

More Losses In BTC?

If Bitcoin fails to clear the $26,750 resistance, it could continue to move down. Immediate support on the downside is near the $25,800 level.

The next major support is near the $25,650 level. A downside break below the $25,650 level might put a lot of pressure on the bulls. In the stated case, the price could drop toward $24,500.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $25,800, followed by $25,650.

Major Resistance Levels – $26,250, $26,750, and $27,000.

Bearish Bitcoin Price Signal Square
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin PUMPS Ahead of FOMC Press Conference

2025-05-06

Bitcoin Core Removes The Mask

2025-05-06

Bitcoin to $100K? SOL, ETH, Altcoin Season, MOVE Disaster & More

2025-05-05

How To Run Your Own Bitcoin Node (And Fight Bitcoin Spam)

2025-05-04
Add A Comment

Leave A Reply Cancel Reply

Top Posts
NFT

Nouns DAO is forking again 

2023-10-10

Nouns DAO executed a so-called fork last month following disgruntlement with the DAO’s freewheeling spending…

Bitcoin

Bitcoin [BTC] stuck in new sideways structure: Will near-term bulls prevail

2023-04-16

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice…

Altcoins

Shiba Inu (SHIB) Hit With Bearish Pressure: Can Whales Save The Day?

2023-06-14

The second-largest meme coin, Shiba Inu (SHIB), has experienced a drop in value amid the…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

ZachXBT reveals Coinbase users lost another $45M in a week to ongoing social engineering scams

2025-05-07

Bitcoin PUMPS Ahead of FOMC Press Conference

2025-05-06

Bitcoin Core Removes The Mask

2025-05-06

Bitcoin to $100K? SOL, ETH, Altcoin Season, MOVE Disaster & More

2025-05-05
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 97,210.05
ethereum
Ethereum (ETH) $ 1,803.74
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.13
bnb
BNB (BNB) $ 600.99
solana
Solana (SOL) $ 147.27
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.171915
cardano
Cardano (ADA) $ 0.666441
tron
TRON (TRX) $ 0.248261
bitcoin
Bitcoin (BTC) $ 97,210.05
ethereum
Ethereum (ETH) $ 1,803.74
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.13
bnb
BNB (BNB) $ 600.99
solana
Solana (SOL) $ 147.27
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.171915
cardano
Cardano (ADA) $ 0.666441
tron
TRON (TRX) $ 0.248261