{"id":122710,"date":"2025-12-24T02:46:04","date_gmt":"2025-12-24T02:46:04","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=122710"},"modified":"2025-12-24T02:46:04","modified_gmt":"2025-12-24T02:46:04","slug":"bitcoin-price-weakens-further-additional-losses-now-on-the-table","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=122710","title":{"rendered":"Bitcoin Price Weakens Further, Additional Losses Now on the Table"},"content":{"rendered":"

Bitcoin price failed to continue higher and dipped below $88,500. BTC is now declining and might struggle to stay above $86,800.<\/em><\/p>\n

Bitcoin started a fresh decline from the $90,500 zone.
\nThe price is trading below $88,000 and the 100 hourly Simple moving average.
\nThere is a bearish trend line forming with resistance at $87,650 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might continue to move down if it trades below the $86,800 zone.<\/p>\n

Bitcoin Price Corrects Gains<\/h2>\n

Bitcoin price failed to stay in a positive zone and started a fresh decline<\/a> below $90,000. BTC dipped below $89,500 and $88,500 to move into a bearish zone.<\/p>\n

The bears were able to push the price below the 50% Fib retracement level of the upward move from the $84,420 swing low to the $90,552 high. Besides, there is a bearish trend line forming with resistance at $87,650 on the hourly chart of the BTC\/USD pair.<\/p>\n

Bitcoin is now trading below $88,000 and the 100 hourly Simple moving average<\/a>. If the price remains stable above $87,000, it could attempt a fresh recovery wave. Immediate resistance is near the $87,650 level and the trend line.<\/p>\n

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

The first key resistance is near the $88,500 level. The next resistance could be $89,100. A close above the $89,100 resistance might send the price further higher. In the stated case, the price could rise and test the $90,000 resistance. Any more gains might send the price toward the $90,500 level. The next barrier for the bulls could be $91,500 and $92,000.<\/p>\n

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

If Bitcoin fails to rise above the $88,500 resistance zone, it could start another decline. Immediate support is near the $87,000 level. The first major support is near the $86,750 level and the 61.8% Fib retracement level of the upward move from the $84,420 swing low to the $90,552 high.<\/p>\n

The next support is now near the $86,000 zone. Any more losses might send the price toward the $85,450 support in the near term. The main support sits at $84,500, 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 $86,750, followed by $86,000.<\/p>\n

Major Resistance Levels \u2013 $87,650 and $88,500.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price failed to continue higher and dipped below $88,500. BTC is now declining and might struggle to stay above $86,800. Bitcoin started a fresh decline from the $90,500 zone. The price is trading below $88,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $87,650 on […]<\/p>\n","protected":false},"author":0,"featured_media":122711,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-122710","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\/122710"}],"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=122710"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/122710\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/122711"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=122710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=122710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=122710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}