Bitcoin price is sliding down and it is trading below $27,000. BTC remains at risk of more downside below the $26,500 and $26,200 support levels.
Bitcoin is correcting lower and showing bearish signs below the $27,000 level.
The price is trading below $27,000 and the 100 simple moving average.
There are two bearish trend lines forming with resistance near $26,950 and $27,400 on the hourly chart of the BTC/USD pair.
The pair might continue to decline towards the $26,000 support in the near term.
Bitcoin price is sliding down and it is trading below $27,000. BTC remains at risk of more downside below the $26,500 and $26,200 support levels.
Bitcoin is correcting lower and showing bearish signs below the $27,000 level.
The price is trading below $27,000 and the 100 hourly simple moving average.
There are two bearish trend lines forming with resistance near $26,950 and $27,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might continue to decline towards the $26,000 support in the near term.
Bitcoin price is sliding down and it is trading below $27,000. BTC remains at risk of more downside below the $26,500 and $26,200 support levels.
Bitcoin is correcting lower and showing bearish signs below the $27,000 level.
The price is trading below $27,000 and the 100 hourly simple moving average.
There are two bearish trend lines forming with resistance near $26,950 and $27,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might continue to decline towards the $26,000 support in the near term.
The main hurdle remains the $28,500 level. A close above the $28,500 resistance is likely to start another up move. In the mentioned case, the price could move up towards the $30,000 resistance level.
More losses for Bitcoin?
If bitcoin fails to recover above the $27,000 resistance, there could be more losses. An immediate support on the downside is near $26,650.
The next major support is near the $26,500 level. A downside break and close below the $26,500 support could carry the price further lower. The next support is at $26,000.
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 – $26,650, followed by $26,500.
Major Resistance Levels – $27,000, $27,400, and $27,500.
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