{"id":167034,"date":"2026-05-18T06:27:52","date_gmt":"2026-05-18T06:27:52","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=167034"},"modified":"2026-05-18T06:27:52","modified_gmt":"2026-05-18T06:27:52","slug":"bitcoin-price-extends-decline-downside-pressure-builds-aggressively","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=167034","title":{"rendered":"Bitcoin Price Extends Decline, Downside Pressure Builds Aggressively"},"content":{"rendered":"

Bitcoin price started a fresh decline below the $78,500 zone. BTC is consolidating and might struggle to stay above the $76,500 support.<\/em><\/p>\n

Bitcoin failed to stay above $78,500 and extended losses.
\nThe price is trading below $78,000 and the 100 hourly simple moving average.
\nThere is a bearish trend line forming with resistance at $77,700 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might extend losses if it stays below the $77,700 and $78,500 levels.<\/p>\n

Bitcoin Price Dips Further<\/h2>\n

Bitcoin price failed to stay above the $78,500 support zone<\/a>. BTC remained in a bearish zone and extended losses below the $78,000 level. There was a move below the $77,500 level.<\/p>\n

The price even dipped below $77,000. A low was formed at $76,561 and the price is now consolidating losses. It is showing bearish signs below the 23.6% Fib retracement level of the downward move from the $82,017 swing high to the $76,561 low.<\/p>\n

Bitcoin is now trading below $77,500 and the 100 hourly simple moving average<\/a>. If the price remains stable above $76,000, it could attempt a fresh increase. Immediate resistance is near the $77,500 level. There is also a bearish trend line forming with resistance at $77,700 on the hourly chart of the BTC\/USD pair.<\/p>\n

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

The first key resistance is near the $78,650 level. A close above the $78,650 resistance might send the price further higher. In the stated case, the price could rise and test the $80,000 resistance or the 50% Fib retracement level of the downward move from the $82,017 swing high to the $76,561 low. Any more gains might send the price toward the $80,800 level. The next barrier for the bulls could be $82,000.<\/p>\n

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

If Bitcoin fails to rise above the $77,700 resistance zone, it could start another decline. Immediate support is near the $76,500 level.<\/p>\n

The first major support is near the $75,800 level. The next support is now near the $75,000 zone. Any more losses might send the price toward the $74,200 support in the near term. The main support now sits at $73,500, below which BTC might struggle to recover in the near term.<\/p>\n

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now 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 $76,500, followed by $76,000.<\/p>\n

Major Resistance Levels \u2013 $77,700 and $78,650.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a fresh decline below the $78,500 zone. BTC is consolidating and might struggle to stay above the $76,500 support. Bitcoin failed to stay above $78,500 and extended losses. The price is trading below $78,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $77,700 […]<\/p>\n","protected":false},"author":0,"featured_media":167035,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-167034","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\/167034"}],"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=167034"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/167034\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/167035"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=167034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=167034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=167034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}