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

Ripple – XRP spot ETFs can be ‘only a matter of time’

2025-05-20

XRP -Price will still gather here, crypto -veteran Raoul Pal predicts

2025-05-20

Dogecoin graphy too good to ignore, says Trader Eying Double

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

    Arbitrum affects $ 1.5 billion volume milestone on Uniswap V4

    2025-05-20

    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
  • 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

    XRP -Price will still gather here, crypto -veteran Raoul Pal predicts

    2025-05-20

    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
  • 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»Could a big drop be next?
Analysis

Could a big drop be next?

2024-12-24No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

This article is available in Spanish.

Bitcoin price extended losses and traded below the $95,000 zone. BTC is showing bearish signs and could fall heavily below the USD 92,000 level.

  • Bitcoin started a new decline below the $95,000 zone.
  • The price is trading below $94,000 and the 100 hourly Simple Moving Average.
  • A major bearish trendline is forming with resistance at $95,000 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 $92,000 support zone.

Bitcoin price revisits support

Bitcoin price failed to rise again and extended losses below the $98,000 zone. BTC gained bearish momentum below the USD 96,500 and USD 95,500 levels.

The price even peaked below $92,500. A low was formed at $92,417 and the price is now consolidating losses. There was a small increase above the $94,000 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $99,575 swing high to the $92,417 low.

Bitcoin price is now trading below $95,000 and the 100 hourly Simple Moving Average. There is also a major bearish trendline forming with resistance at $95,000 on the hourly chart of the BTC/USD pair.

On the upside, immediate resistance is around the $95,000 level. The first major resistance is near the $96,000 level or the 50% Fib retracement level of the downward move from the $99,575 swing high to the $92,417 low. A clear move above the USD 96,000 resistance could push the price higher.

Bitcoin price
Source: BTCUSD on TradingView.com

The next major resistance could be at USD 96,800. A close above the USD 96,800 resistance could send the price rising further. In the said case, the price could rise and test the USD 97,500 resistance level. Any further gains could send the price towards the $98,000 level.

See also  Bitcoin Traders Borrow More Money to Trade Amid Price Drops – A Big Risk?

More disadvantages of BTC?

If Bitcoin fails to rise above the $95,000 resistance zone, the price may continue to decline. The immediate downside support is near the $92,400 level.

The first major support is near the $92,000 level. The next support is now near the $91,200 zone. Any further losses could send the price towards the $90,000 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 92,500, followed by USD 91,200.

Major resistance levels – $95,000 and $96,000.

Source link

Big Drop
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

XRP -Price will still gather here, crypto -veteran Raoul Pal predicts

2025-05-20

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
Add A Comment

Comments are closed.

Top Posts

Basic, BNB chain, Ethereum and others

2025-05-20

Trump’s crypto -top: 5 catalysts who are ready to ignite the Bitcoin rally

2025-03-06

Dogecoin price closes to the most important trendline for breakout up to $ 1

2025-04-19
Editors Picks

Ethereum gains ground on Bitcoin as the bear market persists

2023-08-14

FBI Cybercrime Report Reveals Crypto Investment Fraud in US Increased 53% Year-over-Year

2024-03-08

Bitcoin Drops Below $100,000: Is the Rally Losing Steam?

2024-12-19

The first edition of Donald Trump’s NFT collection sees a 99% drop in trading volume

2024-04-12
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

Ripple – XRP spot ETFs can be ‘only a matter of time’

XRP -Price will still gather here, crypto -veteran Raoul Pal predicts

Dogecoin graphy too good to ignore, says Trader Eying Double

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)$106,904.440.44%
  • ethereumEthereum(ETH)$2,545.740.09%
  • tetherTether USDt(USDT)$1.000.05%
  • rippleXRP(XRP)$2.36-1.77%
  • binancecoinBNB(BNB)$651.25-0.08%
  • solanaSolana(SOL)$168.97-0.27%
  • usd-coinUSDC(USDC)$1.000.05%
  • dogecoinDogecoin(DOGE)$0.227354-0.11%
  • cardanoCardano(ADA)$0.74-0.39%
  • tronTRON(TRX)$0.2689490.86%
  • suiSui(SUI)$3.86-1.28%
  • chainlinkChainlink(LINK)$15.73-1.59%
  • avalanche-2Avalanche(AVAX)$22.530.52%
  • stellarStellar(XLM)$0.287308-0.07%
  • hyperliquidHyperliquid(HYPE)$26.37-1.75%
  • shiba-inuShiba Inu(SHIB)$0.000015-0.69%
  • hedera-hashgraphHedera(HBAR)$0.194413-0.60%
  • unus-sed-leoUNUS SED LEO(LEO)$8.812.05%
  • bitcoin-cashBitcoin Cash(BCH)$394.49-0.34%
  • the-open-networkToncoin(TON)$3.071.07%
  • polkadotPolkadot(DOT)$4.691.10%
  • litecoinLitecoin(LTC)$94.74-4.29%
  • moneroMonero(XMR)$352.522.27%
  • bitget-tokenBitget Token(BGB)$5.17-1.14%
  • pepePepe(PEPE)$0.000013-1.95%
  • piPi(PI)$0.773.85%
  • daiDai(DAI)$1.000.00%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • aaveAave(AAVE)$258.741.13%
  • uniswapUniswap(UNI)$6.071.50%
  • bittensorBittensor(TAO)$416.240.12%
  • nearNEAR Protocol(NEAR)$2.820.59%
  • aptosAptos(APT)$5.14-1.64%
  • okbOKB(OKB)$52.14-0.41%
  • ondo-financeOndo(ONDO)$0.940.73%
  • kaspaKaspa(KAS)$0.1099341.26%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.2110.10%
  • internet-computerInternet Computer(ICP)$5.260.29%
  • ethereum-classicEthereum Classic(ETC)$18.41-0.79%
  • gatechain-tokenGateToken(GT)$21.54-0.14%
  • crypto-com-chainCronos(CRO)$0.096578-0.39%
  • mantleMantle(MNT)$0.742.26%
  • vechainVeChain(VET)$0.0284030.13%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232583-1.19%
  • render-tokenRender(RENDER)$4.640.13%
  • ethenaEthena(ENA)$0.3794821.11%
  • usd1World Liberty Financial USD(USD1)$1.00-0.09%
  • algorandAlgorand(ALGO)$0.2242520.25%
  • arbitrumArbitrum(ARB)$0.3961060.59%
  • filecoinFilecoin(FIL)$2.86-0.66%
  • bitcoinBitcoin(BTC)$106,904.440.44%
  • ethereumEthereum(ETH)$2,545.740.09%
  • tetherTether USDt(USDT)$1.000.05%
  • rippleXRP(XRP)$2.36-1.77%
  • binancecoinBNB(BNB)$651.25-0.08%
  • solanaSolana(SOL)$168.97-0.27%
  • usd-coinUSDC(USDC)$1.000.05%
  • dogecoinDogecoin(DOGE)$0.227354-0.11%
  • cardanoCardano(ADA)$0.74-0.39%
  • tronTRON(TRX)$0.2689490.86%
  • suiSui(SUI)$3.86-1.28%
  • chainlinkChainlink(LINK)$15.73-1.59%
  • avalanche-2Avalanche(AVAX)$22.530.52%
  • stellarStellar(XLM)$0.287308-0.07%
  • hyperliquidHyperliquid(HYPE)$26.37-1.75%
  • shiba-inuShiba Inu(SHIB)$0.000015-0.69%
  • hedera-hashgraphHedera(HBAR)$0.194413-0.60%
  • unus-sed-leoUNUS SED LEO(LEO)$8.812.05%
  • bitcoin-cashBitcoin Cash(BCH)$394.49-0.34%
  • the-open-networkToncoin(TON)$3.071.07%
  • polkadotPolkadot(DOT)$4.691.10%
  • litecoinLitecoin(LTC)$94.74-4.29%
  • moneroMonero(XMR)$352.522.27%
  • bitget-tokenBitget Token(BGB)$5.17-1.14%
  • pepePepe(PEPE)$0.000013-1.95%
  • piPi(PI)$0.773.85%
  • daiDai(DAI)$1.000.00%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • aaveAave(AAVE)$258.741.13%
  • uniswapUniswap(UNI)$6.071.50%
  • bittensorBittensor(TAO)$416.240.12%
  • nearNEAR Protocol(NEAR)$2.820.59%
  • aptosAptos(APT)$5.14-1.64%
  • okbOKB(OKB)$52.14-0.41%
  • ondo-financeOndo(ONDO)$0.940.73%
  • kaspaKaspa(KAS)$0.1099341.26%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.2110.10%
  • internet-computerInternet Computer(ICP)$5.260.29%
  • ethereum-classicEthereum Classic(ETC)$18.41-0.79%
  • gatechain-tokenGateToken(GT)$21.54-0.14%
  • crypto-com-chainCronos(CRO)$0.096578-0.39%
  • mantleMantle(MNT)$0.742.26%
  • vechainVeChain(VET)$0.0284030.13%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232583-1.19%
  • render-tokenRender(RENDER)$4.640.13%
  • ethenaEthena(ENA)$0.3794821.11%
  • usd1World Liberty Financial USD(USD1)$1.00-0.09%
  • algorandAlgorand(ALGO)$0.2242520.25%
  • arbitrumArbitrum(ARB)$0.3961060.59%
  • filecoinFilecoin(FIL)$2.86-0.66%