{"id":492860,"date":"2022-06-13T03:08:31","date_gmt":"2022-06-13T03:08:31","guid":{"rendered":"https:\/\/uniquehot.com\/?p=492860"},"modified":"2024-06-11T11:43:02","modified_gmt":"2024-06-11T11:43:02","slug":"bitcoin-dives-10-pc-25k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-dives-10-pc-25k\/","title":{"rendered":"TA: Bitcoin Dives 10%, Why BTC Could Even Break $25K"},"content":{"rendered":"
Bitcoin broke the key $28,500 support zone against the US Dollar. BTC is down 10% and might even decline below the $25,000 support zone.<\/em><\/p>\n Bitcoin price failed to clear the $30,000 resistance zone<\/a>. As a result, the bears took over and pushed the price below the key $29,500 and $28,500 support levels.<\/p>\n It sparked a major decline below the $28,000 level. The price declined nearly 10% and even broke the $26,500 support level. A new multi-week low is formed near $25,571 and the price is still showing a lot of bearish signs.<\/p>\n Bitcoin is now trading well below the $28,500 level and the 100 hourly simple moving average<\/a>. There is also a key bearish trend line forming with resistance near $27,200 on the hourly chart of the BTC\/USD pair. An immediate resistance on the upside is near the $26,200 level. Download Bitcoin Miner Awesom Miner Official for Windows<\/a>. Safe install and earn ETH\/BTC.<\/p>\n It is near the 23.6% Fib retracement level of the recent decline from the $28,307 swing high to $25,571 low. The first major resistance is near the $27,200 level and the bearish trend line.<\/p>\n <\/a><\/p>\n The 50% Fib retracement level of the recent decline from the $28,307 swing high to $25,571 low is also near the trend line resistance. The main resistance is near the $28,500 level. A clear move above the $28,500 resistance level could send the price further higher.<\/p>\n If bitcoin fails to clear the $27,200 resistance zone, it could continue to move down. An immediate support on the downside is near the $25,500 level.<\/p>\n\n
Bitcoin Price Gains Bearish Momentum<\/h2>\n
Source: BTCUSD on TradingView.com<\/a><\/pre>\n
More Losses in BTC?<\/h2>\n