{"id":170484,"date":"2026-05-26T04:27:12","date_gmt":"2026-05-26T04:27:12","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=170484"},"modified":"2026-05-26T04:27:12","modified_gmt":"2026-05-26T04:27:12","slug":"bitcoin-price-recovery-looks-fragile-another-drop-may-follow-soon","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=170484","title":{"rendered":"Bitcoin Price Recovery Looks Fragile, Another Drop May Follow Soon"},"content":{"rendered":"

Bitcoin price started a downside correction from the $78,000 zone. BTC is consolidating and might aim for a fresh increase if it clears $78,000.<\/em><\/p>\n

Bitcoin failed to stay above $77,500 and extended losses.
\nThe price is trading below $77,000 and the 100 hourly simple moving average.
\nThere was a break below a contracting triangle with support at $76,750 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might extend losses if it stays below the $76,200 and $76,000 levels.<\/p>\n

Bitcoin Price Faces Resistance<\/h2>\n

Bitcoin price failed to clear the $78,000 resistance zone<\/a>. BTC started a downside correction from the $77,809 swing high and traded below $77,500.<\/p>\n

There was a move below the 23.6% Fib retracement level of the upward move from the $74,209 swing low to the $77,809 high. Besides, there was a break below a contracting triangle with support at $76,750 on the hourly chart of the BTC\/USD pair.<\/p>\n

However, the bulls are active above $76,000. Bitcoin is now trading below $77,000 and the 100 hourly simple moving average. If the price remains stable above $76,000, it could attempt a fresh increase<\/a>. Immediate resistance is near the $76,750 level.<\/p>\n

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

The first key resistance is near the $77,200 level. A close above the $77,200 resistance might send the price further higher. In the stated case, the price could rise and test the $77,800 resistance. Any more gains might send the price toward the $78,000 level. The next barrier for the bulls could be $79,500.<\/p>\n

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

If Bitcoin fails to rise above the $77,200 resistance zone, it could start another decline. Immediate support is near the $76,000 level or the 50% Fib retracement level of the upward move from the $74,209 swing low to the $77,809 high.<\/p>\n

The first major support is near the $75,500 level. The next support is now near the $75,000 zone. Any more losses might send the price toward the $74,000 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 $76,000, followed by $75,000.<\/p>\n

Major Resistance Levels \u2013 $77,200 and $78,000.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a downside correction from the $78,000 zone. BTC is consolidating and might aim for a fresh increase if it clears $78,000. Bitcoin failed to stay above $77,500 and extended losses. The price is trading below $77,000 and the 100 hourly simple moving average. There was a break below a contracting triangle with […]<\/p>\n","protected":false},"author":0,"featured_media":170485,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-170484","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\/170484"}],"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=170484"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/170484\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/170485"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=170484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=170484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=170484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}