{"id":116811,"date":"2025-12-01T03:16:10","date_gmt":"2025-12-01T03:16:10","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=116811"},"modified":"2025-12-01T03:16:10","modified_gmt":"2025-12-01T03:16:10","slug":"bitcoin-collapse-accelerates-as-gains-vanish-and-sellers-take-full-control","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=116811","title":{"rendered":"Bitcoin Collapse Accelerates as Gains Vanish and Sellers Take Full Control"},"content":{"rendered":"

Bitcoin price started a fresh decline from $92,000. BTC is down over 5% and the bulls are struggling to keep the price above $86,500.<\/em><\/p>\n

Bitcoin started a fresh decline below the $90,000 zone.
\nThe price is trading below $88,000 and the 100 hourly Simple moving average.
\nThere was a break below a key bullish trend line with support at $89,500 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 $86,500 zone.<\/p>\n

Bitcoin Price Dips Again<\/h2>\n

Bitcoin price failed to settle above the $92,000 resistance zone and started a fresh decline<\/a>. BTC dipped sharply below $90,500 and $90,000.<\/p>\n

There was a break below a key bullish trend line with support at $89,500 on the hourly chart of the BTC\/USD pair. The pair even spiked below $87,500. A low was formed at $86,500 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $91,928 swing high to the $86,500 low.<\/p>\n

Bitcoin is now trading below $90,000 and the 100 hourly Simple moving average<\/a>. If the bulls remain in action, the price could attempt another increase. Immediate resistance is near the $87,850 level. The first key resistance is near the $89,200 level or the 50% Fib retracement level of the downward move from the $91,928 swing high to the $86,500 low.<\/p>\n

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

The next resistance could be $89,500. A close above the $89,500 resistance might send the price further higher. In the stated case, the price could rise and test the $90,650 resistance. Any more gains might send the price toward the $91,500 level. The next barrier for the bulls could be $92,000 and $92,500.<\/p>\n

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

If Bitcoin fails to rise above the $87,800 resistance zone, it could start another decline. Immediate support is near the $86,500 level. The first major support is near the $86,000 level.<\/p>\n

The next support is now near the $85,500 zone. Any more losses might send the price toward the $83,500 support in the near term. The main support sits at $82,200, 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 $86,500, followed by $86,000.<\/p>\n

Major Resistance Levels \u2013 $87,800 and $89,200.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a fresh decline from $92,000. BTC is down over 5% and the bulls are struggling to keep the price above $86,500. Bitcoin started a fresh decline below the $90,000 zone. The price is trading below $88,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend […]<\/p>\n","protected":false},"author":0,"featured_media":116812,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-116811","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\/116811"}],"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=116811"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/116811\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/116812"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=116811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=116811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=116811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}