{"id":167952,"date":"2026-05-20T02:15:54","date_gmt":"2026-05-20T02:15:54","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=167952"},"modified":"2026-05-20T02:15:54","modified_gmt":"2026-05-20T02:15:54","slug":"bitcoin-price-stabilizes-above-76k-traders-await-next-major-move","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=167952","title":{"rendered":"Bitcoin Price Stabilizes Above $76K, Traders Await Next Major Move"},"content":{"rendered":"

Bitcoin price started a fresh decline below the $76,800 zone. BTC is consolidating and might struggle to stay above the $76,000 support.<\/em><\/p>\n

Bitcoin failed to stay above $77,000 and extended losses.
\nThe price is trading below $77,200 and the 100 hourly simple moving average.
\nThere is a bearish trend line forming with resistance at $77,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might extend losses if it stays below the $77,200 and $77,500 levels.<\/p>\n

Bitcoin Price Consolidates Losses<\/h2>\n

Bitcoin price failed to stay above the $77,200 support zone. BTC remained in a bearish zone and extended losses<\/a> below the $76,800 level. There was a move below the $76,500 level.<\/p>\n

The price even dipped below $76,200. A low was formed at $76,020 and the price is now consolidating losses. It is still struggling below the 23.6% Fib retracement level of the downward move from the $82,018 swing high to the $76,020 low.<\/p>\n

Bitcoin is now trading below $76,800 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 $77,200 level. There is also a bearish trend line forming with resistance at $77,200 on the hourly chart of the BTC\/USD pair.<\/p>\n

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

The first key resistance is near the $77,450 level. A close above the $77,450 resistance might send the price further higher. In the stated case, the price could rise and test the $79,000 resistance or the 50% Fib retracement level of the downward move from the $82,018 swing high to the $76,020 low. Any more gains might send the price toward the $80,000 level. The next barrier for the bulls could be $82,000.<\/p>\n

Another Decline In BTC?<\/h2>\n

If Bitcoin fails to rise above the $77,450 resistance zone, it could start another decline. Immediate support is near the $76,400 level.<\/p>\n

The first major support is near the $76,000 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 $74,000, 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 $76,000, followed by $75,000.<\/p>\n

Major Resistance Levels \u2013 $77,200 and $77,450.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a fresh decline below the $76,800 zone. BTC is consolidating and might struggle to stay above the $76,000 support. Bitcoin failed to stay above $77,000 and extended losses. The price is trading below $77,200 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $77,200 […]<\/p>\n","protected":false},"author":0,"featured_media":167953,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-167952","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\/167952"}],"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=167952"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/167952\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/167953"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=167952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=167952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=167952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}