{"id":113510,"date":"2025-11-17T02:49:32","date_gmt":"2025-11-17T02:49:32","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=113510"},"modified":"2025-11-17T02:49:32","modified_gmt":"2025-11-17T02:49:32","slug":"bitcoin-slides-deeper-into-red-extending-decline-toward-key-support-zones","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=113510","title":{"rendered":"Bitcoin Slides Deeper Into Red, Extending Decline Toward Key Support Zones"},"content":{"rendered":"

Bitcoin price failed to recover above $96,500. BTC is down over 3% and there are chances of more downsides below $92,000.<\/em><\/p>\n

Bitcoin started a fresh decline below $95,000 and $94,500.
\nThe price is trading below $98,000 and the 100 hourly Simple moving average.
\nThere is a bearish trend line forming with resistance at $96,600 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might continue to move down if it settles below the $92,500 zone.<\/p>\n

Bitcoin Price Dips Further<\/h2>\n

Bitcoin price failed to stay in a positive zone<\/a> above the $95,500 pivot level. BTC bears remained active below $95,500 and pushed the price lower.<\/p>\n

The bears gained strength and were able to push the price below the $94,000 zone. A low was formed at $92,890 and the price is now consolidating losses near the 23.6% Fib retracement level of the recent decline from the $103,998 swing high to the $92,890 low.<\/p>\n

Bitcoin is now trading below $95,000 and the 100 hourly Simple moving average<\/a>. Besides, there is a bearish trend line forming with resistance at $96,600 on the hourly chart of the BTC\/USD pair.<\/p>\n

<\/a><\/p>\n

If the bulls attempt another recovery wave, the price could face resistance near the $95,500 level. The first key resistance is near the $96,500 level and the trend line. The next resistance could be $97,200. A close above the $97,200 resistance might send the price further higher. In the stated case, the price could rise and test the $98,500 resistance. Any more gains might send the price toward the $99,500 level. The next barrier for the bulls could be $100,000 and $100,500.<\/p>\n

More Losses In BTC?<\/h2>\n

If Bitcoin fails to rise above the $96,600 resistance zone, it could start another decline. Immediate support is near the $93,500 level. The first major support is near the $92,500 level.<\/p>\n

The next support is now near the $91,500 zone. Any more losses might send the price toward the $90,000 support in the near term. The main support sits at $88,500, below which BTC might accelerate lower in the near term.<\/p>\n

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone.<\/p>\n

Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n

Major Support Levels \u2013 $92,500, followed by $90,000.<\/p>\n

Major Resistance Levels \u2013 $95,500 and $96,600.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price failed to recover above $96,500. BTC is down over 3% and there are chances of more downsides below $92,000. Bitcoin started a fresh decline below $95,000 and $94,500. The price is trading below $98,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $96,600 on […]<\/p>\n","protected":false},"author":0,"featured_media":113511,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-113510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/113510"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=113510"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/113510\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/113511"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=113510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=113510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=113510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}