Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Bitcoin Price Struggles: Can the Leading Cryptocurrency Start Fresh Increase?

Share This Post

Bitcoin price extended its decline below the $68,000 level. BTC is now slowly moving lower toward the $66,250 support zone in the near term.

  • Bitcoin extended its downside correction below the $68,000 zone.
  • The price is trading below $68,500 and the 100 hourly Simple moving average.
  • There is a key bearish trend line forming with resistance at $67,900 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could continue to move down unless there is a close above the $68,500 level.

Bitcoin Price Dips Further

Bitcoin price extended its downside correction below the $69,000 level. BTC bears were able to push the price below the $68,000 support. Finally, the price tested the $67,000 zone.

A low has formed at $67,100 and the price is now consolidating losses. It recovered above the $67,5000 level and the 23.6% Fib retracement level of the downward wave from the $70,600 swing high to the $67,100 low, with a bearish angle.

Bitcoin is now trading below $68,500 and the 100 hourly Simple moving average. On the upside, the price is facing resistance near the $68,000 level. There is also a key bearish trend line forming with resistance at $67,900 on the hourly chart of the BTC/USD pair.

The first major resistance could be $68,800 or the 50% Fib retracement level of the downward wave from the $70,600 swing high to the $67,100 low.

Bitcoin Price

The next key resistance could be $69,250. A clear move above the $69,250 resistance might send the price higher. In the stated case, the price could rise and test the $70,000 resistance. Any more gains might send BTC toward the $72,600 resistance.

More Losses In BTC?

If Bitcoin fails to climb above the $68,000 resistance zone, it could continue to move down. Immediate support on the downside is near the $67,250 level.

The first major support is $67,000. The next support is now forming near $66,250. Any more losses might send the price toward the $65,000 support zone in the near term.

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 above the 50 level.

Major Support Levels – $67,100, followed by $66,250.

Major Resistance Levels – $68,000, and $68,800.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

BTC Ranged, Alts Ripped, and Coinbase’s Rollercoaster Ride

Last week, while bitcoin ranged in place, Ethereum soared, Coinbase announced great and terrible news, and a Chinese firm released BTC acquisition plans This editorial is from last week’s edition

XRP’s “Big Signal” Is Coming — Top Trader Is Finally Preparing to Buy

The post XRP’s “Big Signal” Is Coming — Top Trader Is Finally Preparing to Buy appeared first on Coinpedia Fintech News XRP, one of the most talked-about altcoins in crypto history, may

Pi Network Futures Live on Kraken Pro: Will the Price Hit $1?

The post Pi Network Futures Live on Kraken Pro: Will the Price Hit $1 appeared first on Coinpedia Fintech News On May 23, 2025, Kraken Pro made headlines by launching perpetual futures trading for Pi

Can Bitcoin Price Sustain Its Bullish Momentum? Analyst Identifies Local Top At $113K

The Bitcoin price performance has been outstanding over the past week, achieving a new all-time high In the late hours of Thursday, May 22, the premier cryptocurrency reached a fresh record-high

XRP Price Prediction For May 25

The post XRP Price Prediction For May 25 appeared first on Coinpedia Fintech News The XRP market has been moving sideways lately, and analysts are eager to see whether a breakout or a deeper pullback

Cardano (ADA) Price Holds Ground Amid EU Tariff Threat, Analysts Eye $1 Breakout

The post Cardano (ADA) Price Holds Ground Amid EU Tariff Threat, Analysts Eye $1 Breakout appeared first on Coinpedia Fintech News In the past 48-hours, Cardano price faced rejection at the