Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Milei closes Libra Task Force and investigates ties with its administration

2025-05-20

Ethereum: What you need to know about the 10-year low exchange stock of ETH

2025-05-20

The Supreme Court of India calls for clear crypto guidelines not outright prohibition

2025-05-20
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    BSCS Backs Backs AI-conducted shopping assistant in collaboration with Pulsebot AI

    2025-05-20

    Basic, BNB chain, Ethereum and others

    2025-05-20

    What are tokenized real-world assets? Put physical value on the chain with RWAS

    2025-05-20

    Basic kit transactions rise as DEX volume approaches $ 400 billion milestone

    2025-05-20

    Taiko Alethia launches the most expected Pacaya Hardfork -upgrade on MAINNET

    2025-05-20
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • 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 Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Milei closes Libra Task Force and investigates ties with its administration

    2025-05-20

    Ethereum -price flashes bullish signal, but can it flow through obstacles?

    2025-05-20

    XRP Price Eyes Winins, but technically suggests that upsides can be limited

    2025-05-20

    Bitcoin still cannot close daily candle above $ 106k after 8 failed attempts in 2025

    2025-05-20

    Solana (SOL) keeps land in tight reach – Traders looking at Directional Cue

    2025-05-20
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Bitcoin price holds support, but bears are still in control
Analysis

Bitcoin price holds support, but bears are still in control

2023-05-22No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin price is holding the key support zone at $26,550. BTC could start a major decline if there is a close below USD 26,550 and USD 26,400.

  • Bitcoin started falling again and it traded below the USD 26,850 level.
  • The price is trading below $27,000 and the 100 Simple hourly moving average.
  • A major bearish trendline is forming with resistance near USD 27,120 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could gain bearish momentum if there is a daily close below $26,550.

Bitcoin price remains within a range

Bitcoin price started to drop again below the USD 27,000 level. BTC traded below the $26,800 support zone and cut most of its gains. However, the bulls were active near the $26,550 support.

A low is forming near USD 26,536 and the price is now consolidating losses. It is clearly showing bearish signs below $27,000 and the 100 simple hourly moving average. A major bearish trendline is also forming with resistance near USD 27,120 on the hourly chart of the BTC/USD pair.

Bitcoin price is now facing resistance near the $26,720 level. It is close to the 23.6% Fib retracement level of the recent drop from the $27,268 swing high to the $26,536 low.

The next major resistance is near the $27,000 level and the 100 simple hourly moving average. It is close to the 61.8% Fib retracement level of the recent drop from the $27,268 swing high to the $26,536 low. The first major resistance is near the trendline.

Bitcoin price

Source: BTCUSD at TradingView.com

See also  Why AVAX Price Rumble Stuck Despite Spike in Daily Activity

A close above the $27,120 resistance may ease selling pressure. The next key resistance is near $27,550, above which the price could start a decent rise towards the $28,000 resistance. More profits could send the price towards the $28,500 level.

Lose more in BTC?

If the price of Bitcoin fails to clear the $27,120 resistance, it could fall further. Immediate support on the downside is near the $26,550 level.

The next key support is near the $26,350 zone, below which the price could gain bearish momentum. In the said case, it could test the $25,800 level. More losses could push Bitcoin to the $25,500 level in the near term.

Technical indicators:

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

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

Key Support Levels – $26,550 followed by $26,350.

Major resistance levels – $27,000, $27,120 and $27,500.

Source link

Bears Bitcoin Control holds Price Support
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Milei closes Libra Task Force and investigates ties with its administration

2025-05-20

Buy Bitcoin, throw the benches away before it’s too late – Kiyosaki

2025-05-20

Is $ 104k Bitcoin’s new soil? BlackRock’s ETF holds the answer

2025-05-20

Ethereum -price flashes bullish signal, but can it flow through obstacles?

2025-05-20
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Everything you wanted to know about Web3 developer, but hesitated to ask

2025-04-06

US representatives are planning a series of congressional hearings this month to discuss clear rules for crypto

2023-05-01

BALD token surge sparks rumors of ties to Alameda Research

2023-08-01
Editors Picks

Parabolic Breakout for Bitcoin Now in Sight, According to Analyst Who Called Last Bull Market Top

2025-01-20

Takyon is revolutionizing gondola rides in Venice with blockchain

2024-09-06

Courtyard and Darket Leiden the TOP NFT activity in the past week

2025-03-24

I asked ChatGPT about BNB because Binance is getting a small stay from the court

2023-09-24
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Milei closes Libra Task Force and investigates ties with its administration

Ethereum: What you need to know about the 10-year low exchange stock of ETH

The Supreme Court of India calls for clear crypto guidelines not outright prohibition

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

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

  • bitcoinBitcoin(BTC)$106,859.111.25%
  • ethereumEthereum(ETH)$2,502.85-0.72%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.36-1.53%
  • binancecoinBNB(BNB)$648.50-0.01%
  • solanaSolana(SOL)$168.140.97%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.224090-0.05%
  • cardanoCardano(ADA)$0.74-0.33%
  • tronTRON(TRX)$0.2707551.96%
  • suiSui(SUI)$3.882.36%
  • chainlinkChainlink(LINK)$15.60-1.13%
  • avalanche-2Avalanche(AVAX)$22.420.56%
  • stellarStellar(XLM)$0.2868200.23%
  • hyperliquidHyperliquid(HYPE)$26.00-1.94%
  • shiba-inuShiba Inu(SHIB)$0.000014-0.64%
  • hedera-hashgraphHedera(HBAR)$0.1937930.85%
  • unus-sed-leoUNUS SED LEO(LEO)$8.770.96%
  • bitcoin-cashBitcoin Cash(BCH)$391.11-0.06%
  • the-open-networkToncoin(TON)$3.061.79%
  • polkadotPolkadot(DOT)$4.640.72%
  • litecoinLitecoin(LTC)$93.78-5.42%
  • moneroMonero(XMR)$347.511.41%
  • bitget-tokenBitget Token(BGB)$5.160.00%
  • pepePepe(PEPE)$0.000013-1.29%
  • piPi(PI)$0.753.03%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.000.03%
  • aaveAave(AAVE)$258.577.57%
  • uniswapUniswap(UNI)$5.88-1.56%
  • bittensorBittensor(TAO)$415.832.20%
  • nearNEAR Protocol(NEAR)$2.76-0.34%
  • aptosAptos(APT)$5.11-1.06%
  • okbOKB(OKB)$52.15-0.49%
  • ondo-financeOndo(ONDO)$0.941.62%
  • kaspaKaspa(KAS)$0.1091741.86%
  • ethereum-classicEthereum Classic(ETC)$18.30-0.74%
  • internet-computerInternet Computer(ICP)$5.20-0.54%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.433.92%
  • gatechain-tokenGateToken(GT)$21.420.04%
  • crypto-com-chainCronos(CRO)$0.0963010.63%
  • mantleMantle(MNT)$0.752.74%
  • vechainVeChain(VET)$0.0280990.41%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.231344-0.75%
  • render-tokenRender(RENDER)$4.621.14%
  • ethenaEthena(ENA)$0.3735572.15%
  • usd1World Liberty Financial USD(USD1)$1.00-0.08%
  • algorandAlgorand(ALGO)$0.221654-0.19%
  • arbitrumArbitrum(ARB)$0.3907710.11%
  • filecoinFilecoin(FIL)$2.83-1.86%
  • bitcoinBitcoin(BTC)$106,859.111.25%
  • ethereumEthereum(ETH)$2,502.85-0.72%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.36-1.53%
  • binancecoinBNB(BNB)$648.50-0.01%
  • solanaSolana(SOL)$168.140.97%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.224090-0.05%
  • cardanoCardano(ADA)$0.74-0.33%
  • tronTRON(TRX)$0.2707551.96%
  • suiSui(SUI)$3.882.36%
  • chainlinkChainlink(LINK)$15.60-1.13%
  • avalanche-2Avalanche(AVAX)$22.420.56%
  • stellarStellar(XLM)$0.2868200.23%
  • hyperliquidHyperliquid(HYPE)$26.00-1.94%
  • shiba-inuShiba Inu(SHIB)$0.000014-0.64%
  • hedera-hashgraphHedera(HBAR)$0.1937930.85%
  • unus-sed-leoUNUS SED LEO(LEO)$8.770.96%
  • bitcoin-cashBitcoin Cash(BCH)$391.11-0.06%
  • the-open-networkToncoin(TON)$3.061.79%
  • polkadotPolkadot(DOT)$4.640.72%
  • litecoinLitecoin(LTC)$93.78-5.42%
  • moneroMonero(XMR)$347.511.41%
  • bitget-tokenBitget Token(BGB)$5.160.00%
  • pepePepe(PEPE)$0.000013-1.29%
  • piPi(PI)$0.753.03%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.000.03%
  • aaveAave(AAVE)$258.577.57%
  • uniswapUniswap(UNI)$5.88-1.56%
  • bittensorBittensor(TAO)$415.832.20%
  • nearNEAR Protocol(NEAR)$2.76-0.34%
  • aptosAptos(APT)$5.11-1.06%
  • okbOKB(OKB)$52.15-0.49%
  • ondo-financeOndo(ONDO)$0.941.62%
  • kaspaKaspa(KAS)$0.1091741.86%
  • ethereum-classicEthereum Classic(ETC)$18.30-0.74%
  • internet-computerInternet Computer(ICP)$5.20-0.54%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.433.92%
  • gatechain-tokenGateToken(GT)$21.420.04%
  • crypto-com-chainCronos(CRO)$0.0963010.63%
  • mantleMantle(MNT)$0.752.74%
  • vechainVeChain(VET)$0.0280990.41%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.231344-0.75%
  • render-tokenRender(RENDER)$4.621.14%
  • ethenaEthena(ENA)$0.3735572.15%
  • usd1World Liberty Financial USD(USD1)$1.00-0.08%
  • algorandAlgorand(ALGO)$0.221654-0.19%
  • arbitrumArbitrum(ARB)$0.3907710.11%
  • filecoinFilecoin(FIL)$2.83-1.86%