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Bitcoin Price Struggles To Recover and Remains Vulnerable To Fresh Decline
Bitcoin price is struggling to recover above the $26,650 resistance. BTC might start another decline if it stays below the $26,650 resistance zone.
Bitcoin is consolidating below the $26,600 and $26,650 resistance levels. The price is trading below $26,650 and the 100 hourly Simple moving average. There is a major bearish trend line forming with resistance near $26,640 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could recover if there is a clear move above the $26,650 resistance.Bitcoin Price Faces Hurdle
Bitcoin ọnụ ahịa nọgidere na a bearish zone below the $27,500 resistance zone. BTC extended its decline and traded below the $26,000 level. A low was formed near $25,865 before the price started an upside correction.
There was a move above the $26,200 level. The price is trading above the 23.6% Fib retracement level of the downward move from the $27,512 swing high to the $25,865 low. However, the price is facing many hurdles near $26,650.
Bitcoin price is now consolidating below the $26,600 and $26,650 resistance levels. There is also a major bearish trend line forming with resistance near $26,640 on the hourly chart of the BTC/USD pair.
Immediate resistance on the upside is near the $26,550 level. The next major resistance is near the $26,650 level or the 50% Fib retracement level of the downward move from the $27,512 swing high to the $25,865 low. A close above the $26,650 resistance zone might send the price toward the $27,200 resistance zone.
Isi Iyi: BTCUSD na TradingView.com
The next key resistance is near $27,550, above which the price might rise toward the $28,000 resistance. Any more gains might send the price toward the $28,200 resistance level.
Ọdịda Ọhụrụ na BTC?
If Bitcoin’s price fails to clear the $26,650 resistance, it could start another decline. Immediate support on the downside is near the $26,200 level.
The next major support is near the $26,000 zone, below which the price might revisit the last swing low at $25,865. Any more losses might take Bitcoin toward the $25,000 level in the near term.
Nka na ụzụ na-egosi:
MACD nke awa - MACD na-efu ugbu a na mpaghara bullish.
RSI Hourly (Ndepụta Ike Ike) - RSI maka BTC / USD dị ugbu a karịa ọkwa 40.
Nnukwu Nkwado ọkwa - $ 26,200, sochiri $ 26,000.
Isi Ọkwa Nguzogide - $26,550, $26,650, na $27,200.
Isi mmalite: Akwụkwọ akụkọ