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

Bitcoin breaks $ 109k ATH to enter the price discovery again

2025-05-21

Top reasons why Bitcoin price today, May 21, came in new ATH

2025-05-21

Circle Looking for at least $ 5,000,000,000 for Coinbase Acquisition, possibly Nixing IPO plans: Report

2025-05-21
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

    Kalp Network Partners with Luffa to stimulate Web3 Privacy and RWA access

    2025-05-21

    Smarter athlete data via PSG Labs and Joint Innovation Studio

    2025-05-21

    Sahara AI launches Siwa Testnet to authorize decentralized AI builders

    2025-05-21

    WalletConnect’s Smart Sessions ‘Redefine’ Wallet UX for Future or AI agents: Founder

    2025-05-21

    Adventure Layer is launched as First Gaming L2 on Berachain

    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

    Bitcoin breaks $ 109k ATH to enter the price discovery again

    2025-05-21

    XRP – Price coil for an outbreak – is the next leg on hands?

    2025-05-21

    Bitcoin Whale places 40x leverage of $ 830 million long position on hyperliquid

    2025-05-21

    JPMorgan Chase CEO warns the stock market witnessing ‘extraordinary amount of complacency’ in the midst of abrupt recovery

    2025-05-21

    Cardano (ADA) in Focus: Can it break this barrier and recover Momentum?

    2025-05-21
  • Learn

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    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
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Bitcoin’s Decline Continues: Are Bulls Losing Control?
Analysis

Bitcoin’s Decline Continues: Are Bulls Losing Control?

2024-12-20No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

This article is available in Spanish.

Bitcoin price extended losses and traded below the $100,000 zone. BTC is struggling and could continue to decline towards the $92,000 support zone.

  • Bitcoin started a new decline from the $102,000 resistance zone.
  • The price is trading below $102,000 and the 100 hourly Simple Moving Average.
  • A major bearish trendline is forming with resistance at $98,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could start a new rise if it remains above the $95,500 support zone.

Bitcoin price continues to fall

Bitcoin price failed to rise again and extended losses below the $102,000 zone. BTC gained bearish momentum below the USD 100,000 and USD 98,000 levels.

The price even peaked below $96,500. A low was formed at $95,586 and the price is now consolidating losses. There is also a major bearish trendline forming with resistance at $98,500 on the hourly chart of the BTC/USD pair.

Bitcoin price is now trading below $102,000 and the 100 Hourly Simple Moving Average. On the upside, the price could encounter resistance near the USD 98,500 level. It is close to the 23.6% Fib retracement level of the downward move from the $108,295 swing high to the $95,586 low.

The first major resistance is near the $100,000 level. A clear move above the USD 100,000 resistance could push the price higher. The next major resistance could be at $102,000. A close above the $102,000 resistance could send the price higher.

Bitcoin price
Source: BTCUSD on TradingView.com

In the said case, the price could rise and test the $103,400 resistance level or the 61.8% Fib retracement level of the downward move from the $108,295 swing high to the $95,586 low. Any further gains could send the price towards the $105,000 level.

See also  Bitcoin Treasury Giant Strategy Primed to acquire more BTC after praising new preference shares

More disadvantages of BTC?

If Bitcoin fails to rise above the $98,500 resistance zone, the price may continue to decline. The immediate downside support is near the USD 96,200 level.

The first major support is near the $95,500 level. The next support is now near the $93,200 zone. Any further losses could send the price towards the USD 92,000 support in the short term.

Technical indicators:

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

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

Major support levels – USD 95,500, followed by USD 93,200.

Major resistance levels – $98,500 and $100,000.

Source link

Bitcoins Bulls continues Control decline Losing
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin breaks $ 109k ATH to enter the price discovery again

2025-05-21

XRP – Price coil for an outbreak – is the next leg on hands?

2025-05-21

Bitcoin Whale places 40x leverage of $ 830 million long position on hyperliquid

2025-05-21

JPMorgan Chase CEO warns the stock market witnessing ‘extraordinary amount of complacency’ in the midst of abrupt recovery

2025-05-21
Add A Comment

Comments are closed.

Top Posts

Italian central bank calls for stablecoin rules in new report

2023-07-01

Microstrategy’s bullish sentiment on Bitcoin (BTC) continues with additional buying

2023-12-10

Assessing why BTC should stay above $60,600

2024-10-11
Editors Picks

President-elect Trump Expected to Sign a Pro-Crypto Executive Order on Day One of His Presidency: Report

2025-01-14

Elizabeth Warren Says Crypto Must Follow Anti-Money Laundering Laws, Citing New Government Report

2024-01-22

Crypto Strategist Predicts Rapid Jump for Bitcoin, Says BTC in Accumulation Range Ahead of Next Rally

2023-11-22

Kraken said he was looking for a partner to help build a Layer 2 Blockchain network

2023-11-07
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

Bitcoin breaks $ 109k ATH to enter the price discovery again

Top reasons why Bitcoin price today, May 21, came in new ATH

Circle Looking for at least $ 5,000,000,000 for Coinbase Acquisition, possibly Nixing IPO plans: Report

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)$107,535.111.00%
  • ethereumEthereum(ETH)$2,484.910.01%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.360.85%
  • binancecoinBNB(BNB)$669.173.45%
  • solanaSolana(SOL)$167.970.77%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.2267531.88%
  • cardanoCardano(ADA)$0.752.53%
  • tronTRON(TRX)$0.266674-1.51%
  • suiSui(SUI)$3.860.02%
  • chainlinkChainlink(LINK)$15.711.66%
  • avalanche-2Avalanche(AVAX)$22.572.05%
  • hyperliquidHyperliquid(HYPE)$27.526.55%
  • stellarStellar(XLM)$0.2885631.51%
  • shiba-inuShiba Inu(SHIB)$0.0000151.28%
  • hedera-hashgraphHedera(HBAR)$0.1953161.35%
  • unus-sed-leoUNUS SED LEO(LEO)$8.840.76%
  • bitcoin-cashBitcoin Cash(BCH)$400.492.95%
  • the-open-networkToncoin(TON)$3.05-0.03%
  • polkadotPolkadot(DOT)$4.692.20%
  • litecoinLitecoin(LTC)$95.211.40%
  • moneroMonero(XMR)$382.8310.32%
  • bitget-tokenBitget Token(BGB)$5.190.76%
  • piPi(PI)$0.8312.62%
  • pepePepe(PEPE)$0.0000131.29%
  • daiDai(DAI)$1.000.00%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • bittensorBittensor(TAO)$429.193.95%
  • uniswapUniswap(UNI)$6.044.19%
  • aaveAave(AAVE)$244.77-4.93%
  • nearNEAR Protocol(NEAR)$2.782.14%
  • aptosAptos(APT)$5.151.79%
  • okbOKB(OKB)$52.050.15%
  • ondo-financeOndo(ONDO)$0.951.98%
  • kaspaKaspa(KAS)$0.1107352.66%
  • ethereum-classicEthereum Classic(ETC)$18.612.70%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.015.14%
  • internet-computerInternet Computer(ICP)$5.252.12%
  • gatechain-tokenGateToken(GT)$21.671.45%
  • crypto-com-chainCronos(CRO)$0.0967000.96%
  • mantleMantle(MNT)$0.74-0.67%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2361462.92%
  • vechainVeChain(VET)$0.0283391.58%
  • render-tokenRender(RENDER)$4.672.31%
  • ethenaEthena(ENA)$0.3888415.86%
  • usd1World Liberty Financial USD(USD1)$1.000.06%
  • arbitrumArbitrum(ARB)$0.4004993.80%
  • algorandAlgorand(ALGO)$0.2257752.86%
  • filecoinFilecoin(FIL)$2.882.76%
  • bitcoinBitcoin(BTC)$107,535.111.00%
  • ethereumEthereum(ETH)$2,484.910.01%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.360.85%
  • binancecoinBNB(BNB)$669.173.45%
  • solanaSolana(SOL)$167.970.77%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.2267531.88%
  • cardanoCardano(ADA)$0.752.53%
  • tronTRON(TRX)$0.266674-1.51%
  • suiSui(SUI)$3.860.02%
  • chainlinkChainlink(LINK)$15.711.66%
  • avalanche-2Avalanche(AVAX)$22.572.05%
  • hyperliquidHyperliquid(HYPE)$27.526.55%
  • stellarStellar(XLM)$0.2885631.51%
  • shiba-inuShiba Inu(SHIB)$0.0000151.28%
  • hedera-hashgraphHedera(HBAR)$0.1953161.35%
  • unus-sed-leoUNUS SED LEO(LEO)$8.840.76%
  • bitcoin-cashBitcoin Cash(BCH)$400.492.95%
  • the-open-networkToncoin(TON)$3.05-0.03%
  • polkadotPolkadot(DOT)$4.692.20%
  • litecoinLitecoin(LTC)$95.211.40%
  • moneroMonero(XMR)$382.8310.32%
  • bitget-tokenBitget Token(BGB)$5.190.76%
  • piPi(PI)$0.8312.62%
  • pepePepe(PEPE)$0.0000131.29%
  • daiDai(DAI)$1.000.00%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • bittensorBittensor(TAO)$429.193.95%
  • uniswapUniswap(UNI)$6.044.19%
  • aaveAave(AAVE)$244.77-4.93%
  • nearNEAR Protocol(NEAR)$2.782.14%
  • aptosAptos(APT)$5.151.79%
  • okbOKB(OKB)$52.050.15%
  • ondo-financeOndo(ONDO)$0.951.98%
  • kaspaKaspa(KAS)$0.1107352.66%
  • ethereum-classicEthereum Classic(ETC)$18.612.70%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.015.14%
  • internet-computerInternet Computer(ICP)$5.252.12%
  • gatechain-tokenGateToken(GT)$21.671.45%
  • crypto-com-chainCronos(CRO)$0.0967000.96%
  • mantleMantle(MNT)$0.74-0.67%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2361462.92%
  • vechainVeChain(VET)$0.0283391.58%
  • render-tokenRender(RENDER)$4.672.31%
  • ethenaEthena(ENA)$0.3888415.86%
  • usd1World Liberty Financial USD(USD1)$1.000.06%
  • arbitrumArbitrum(ARB)$0.4004993.80%
  • algorandAlgorand(ALGO)$0.2257752.86%
  • filecoinFilecoin(FIL)$2.882.76%