{"id":173148,"date":"2026-06-01T02:48:52","date_gmt":"2026-06-01T02:48:52","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=173148"},"modified":"2026-06-01T02:48:52","modified_gmt":"2026-06-01T02:48:52","slug":"bitcoin-price-teeters-near-the-edge-as-bears-eye-another-breakdown","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=173148","title":{"rendered":"Bitcoin Price Teeters Near The Edge As Bears Eye Another Breakdown"},"content":{"rendered":"

Bitcoin price started a fresh decline below the $73,800 zone. BTC is consolidating and might continue to move down if it dips below $72,500.<\/em><\/p>\n

Bitcoin failed to stay above $74,200 and extended losses.
\nThe price is trading below $73,800 and the 100 hourly simple moving average.
\nThere was a break below a rising channel with support at $73,550 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might extend losses if it stays below the $74,200 and $74,500 levels.<\/p>\n

Bitcoin Price Turns Red<\/h2>\n

Bitcoin price failed to stay above the $75,000 support zone<\/a>. BTC remained in a bearish zone and extended losses below the $74,500 level. There was a move below the $74,000 level.<\/p>\n

The price even dipped below $73,000. A low was formed at $72,470 and the price recently attempted a recovery wave. There was a minor move above the 23.6% Fib retracement level of the downward move from the $77,810 swing high to the $72,470 low.<\/p>\n

However, it faced resistance near $74,000. Recently, there was a break below a rising channel with support at $73,550 on the hourly chart of the BTC\/USD pair. Bitcoin is now trading below $73,800 and the 100 hourly simple moving average.<\/p>\n

If the price remains stable above $72,000, it could attempt a fresh increase<\/a>. Immediate resistance is near the $73,850 level. The first key resistance is near the $74,000 level. A close above the $74,000 resistance might send the price further higher. In the stated case, the price could rise and test the $74,500 resistance.<\/p>\n

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

Any more gains might send the price toward the $75,150 level or the 50% Fib retracement level of the downward move from the $77,810 swing high to the $72,470 low. The next barrier for the bulls could be $75,500.<\/p>\n

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

If Bitcoin fails to rise above the $74,200 resistance zone, it could start another decline. Immediate support is near the $73,000 level.<\/p>\n

The first major support is near the $72,500 level. The next support is now near the $72,000 zone. Any more losses might send the price toward the $71,500 support in the near term. The main support now sits at $70,850, 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 $72,500, followed by $72,000.<\/p>\n

Major Resistance Levels \u2013 $74,000 and $74,500.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a fresh decline below the $73,800 zone. BTC is consolidating and might continue to move down if it dips below $72,500. Bitcoin failed to stay above $74,200 and extended losses. The price is trading below $73,800 and the 100 hourly simple moving average. There was a break below a rising channel with […]<\/p>\n","protected":false},"author":0,"featured_media":173149,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-173148","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\/173148"}],"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=173148"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/173148\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/173149"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=173148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=173148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=173148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}