{"id":165341,"date":"2026-05-14T02:37:55","date_gmt":"2026-05-14T02:37:55","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=165341"},"modified":"2026-05-14T02:37:55","modified_gmt":"2026-05-14T02:37:55","slug":"bitcoin-price-dips-further-below-80k-bears-tighten-grip-on-market","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=165341","title":{"rendered":"Bitcoin Price Dips Further Below $80K\u2014Bears Tighten Grip On Market"},"content":{"rendered":"

Bitcoin price started a fresh decline below the $80,500 zone. BTC is consolidating and might struggle to stay above the $78,800 support.<\/em><\/p>\n

Bitcoin failed to stay above $80,500 and extended losses.
\nThe price is trading below $80,000 and the 100 hourly simple moving average.
\nThere is a bearish trend line forming with resistance at $80,700 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might extend losses if it stays below the $80,500 and $81,200 levels.<\/p>\n

Bitcoin Price Dips Further<\/h2>\n

Bitcoin price failed to stay above the $80,500 support zone. BTC remained in a bearish zone and extended losses<\/a> below the $80,000 level. There was a move below the $79,500 level.<\/p>\n

The price even dipped below $79,000. A low was formed at $78,720 and the price is now consolidating losses. There was a minor increase above the 23.6% Fib retracement level of the downward move from the $81,250 swing high to the $78,720 low.<\/p>\n

Bitcoin is now trading below $80,500 and the 100 hourly simple moving average<\/a>. If the price remains stable above $79,000, it could attempt a fresh increase. Immediate resistance is near the $80,000 level or the 50% Fib retracement level of the downward move from the $81,250 swing high to the $78,720 low.<\/p>\n

The first key resistance is near the $80,500 level. There is also a bearish trend line forming with resistance at $80,700 on the hourly chart of the BTC\/USD pair.<\/p>\n

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

A close above the $80,700 resistance might send the price further higher. In the stated case, the price could rise and test the $81,200 resistance. Any more gains might send the price toward the $82,000 level. The next barrier for the bulls could be $82,500.<\/p>\n

Downside Extension In BTC?<\/h2>\n

If Bitcoin fails to rise above the $80,500 resistance zone, it could start another decline. Immediate support is near the $79,200 level.<\/p>\n

The first major support is near the $78,800 level. The next support is now near the $78,000 zone. Any more losses might send the price toward the $76,200 support in the near term. The main support now sits at $75,500, below which BTC might struggle to recover in the near term.<\/p>\n

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now losing 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 $79,200, followed by $78,800.<\/p>\n

Major Resistance Levels \u2013 $80,000 and $80,700.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a fresh decline below the $80,500 zone. BTC is consolidating and might struggle to stay above the $78,800 support. Bitcoin failed to stay above $80,500 and extended losses. The price is trading below $80,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $80,700 […]<\/p>\n","protected":false},"author":0,"featured_media":165342,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-165341","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\/165341"}],"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=165341"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/165341\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/165342"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=165341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=165341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=165341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}