{"id":71721,"date":"2025-06-05T00:55:50","date_gmt":"2025-06-05T00:55:50","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=71721"},"modified":"2025-06-05T00:55:50","modified_gmt":"2025-06-05T00:55:50","slug":"bitcoin-price-slips-again-triggering-fresh-fears-of-a-deeper-correction","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=71721","title":{"rendered":"Bitcoin Price Slips Again, Triggering Fresh Fears of a Deeper Correction"},"content":{"rendered":"

Bitcoin price started a fresh decline and tested the $104,200 zone. BTC is now consolidating and might struggle to clear the $106,800 resistance zone.<\/em><\/p>\n

Bitcoin started a consolidation phase above the $104,000 zone.
\nThe price is trading below $106,000 and the 100 hourly Simple moving average.
\nThere is a bullish trend line forming with support at $104,450 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could start a fresh increase if it clears the $106,800 resistance zone.<\/p>\n

Bitcoin Price Dips To Support<\/h2>\n

Bitcoin price started a fresh decline and traded below the $105,650 support zone<\/a>. BTC even traded below the $105,200 level and tested the $104,200 zone.<\/p>\n

A low was formed at $104,279 and the price is now consolidating losses. There was a move above the $104,500 level and the 23.6% Fib retracement level of the recent decline from the $106,820 swing high to the $104,279 low.<\/p>\n

Bitcoin is now trading below $106,000 and the 100 hourly Simple moving average<\/a>. There is also a connecting bullish trend line forming with support at $104,450 on the hourly chart of the BTC\/USD pair. On the upside, immediate resistance is near the $105,500 level. It is close to the 50% Fib retracement level of the recent decline from the $106,820 swing high to the $104,279 low.<\/p>\n

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

The first key resistance is near the $106,220 level. The next key resistance could be $106,800. A close above the $106,800 resistance might send the price further higher. In the stated case, the price could rise and test the $107,500 resistance level. Any more gains might send the price toward the $110,000 level.<\/p>\n

More Losses In BTC?<\/h2>\n

If Bitcoin fails to rise above the $106,000 resistance zone, it could start another decline. Immediate support is near the $104,500 level and the trend line. The first major support is near the $104,200 level.<\/p>\n

The next support is now near the $103,200 zone. Any more losses might send the price toward the $102,500 support in the near term. The main support sits at $101,200, below which BTC might gain bearish momentum.<\/p>\n

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now losing pace in the bullish 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 $104,200, followed by $103,200.<\/p>\n

Major Resistance Levels \u2013 $105,500 and $106,800.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a fresh decline and tested the $104,200 zone. BTC is now consolidating and might struggle to clear the $106,800 resistance zone. Bitcoin started a consolidation phase above the $104,000 zone. The price is trading below $106,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support […]<\/p>\n","protected":false},"author":0,"featured_media":71722,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-71721","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\/71721"}],"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=71721"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/71721\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/71722"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=71721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=71721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=71721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}