{"id":72043,"date":"2025-06-06T01:05:25","date_gmt":"2025-06-06T01:05:25","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=72043"},"modified":"2025-06-06T01:05:25","modified_gmt":"2025-06-06T01:05:25","slug":"bitcoin-price-dips-sharply-below-102k-as-profit-taking-accelerates","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=72043","title":{"rendered":"Bitcoin Price Dips Sharply Below $102K as Profit-Taking Accelerates"},"content":{"rendered":"

Bitcoin price started a fresh decline and tested the $100,500 zone. BTC is now consolidating and might extend losses below the $100,000 level.<\/em><\/p>\n

Bitcoin started a fresh decline below the $104,000 zone.
\nThe price is trading below $104,000 and the 100 hourly Simple moving average.
\nThere was a break below a key bullish trend line with support at $104,600 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could start a fresh decline if it breaks the $100,500 support zone.<\/p>\n

Bitcoin Price Dips Further<\/h2>\n

Bitcoin price started a fresh decline and traded below the $104,500 support zone<\/a>. BTC even settled below the $104,200 level to enter a short-term bearish zone.<\/p>\n

Besides, there was a break below a key bullish trend line with support at $104,600 on the hourly chart of the BTC\/USD pair. Finally, the pair tested the $100,500 support zone. A low was formed at $100,400 and the price is now consolidating losses.<\/p>\n

There was a move above the $101,500 level. BTC tested the 23.6% Fib retracement level of the recent decline from the $106,820 swing high to the $100,400 low.<\/p>\n

Bitcoin is now trading below $103,000 and the 100 hourly Simple moving average<\/a>. On the upside, immediate resistance is near the $102,000 level. The first key resistance is near the $103,200 level. The next key resistance could be $103,600. It is close to the 50% Fib retracement level of the recent decline from the $106,820 swing high to the $100,400 low.<\/p>\n

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

A close above the $103,600 resistance might send the price further higher. In the stated case, the price could rise and test the $104,200 resistance level. Any more gains might send the price toward the $105,000 level.<\/p>\n

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

If Bitcoin fails to rise above the $103,200 resistance zone, it could start another decline. Immediate support is near the $101,200 level and the trend line. The first major support is near the $100,500 level.<\/p>\n

The next support is now near the $100,000 zone. Any more losses might send the price toward the $98,500 support in the near term. The main support sits at $97,200, below which BTC might gain bearish momentum.<\/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 $101,200, followed by $100,500.<\/p>\n

Major Resistance Levels \u2013 $102,000 and $103,600.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a fresh decline and tested the $100,500 zone. BTC is now consolidating and might extend losses below the $100,000 level. Bitcoin started a fresh decline below the $104,000 zone. The price is trading below $104,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend line […]<\/p>\n","protected":false},"author":0,"featured_media":72044,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-72043","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\/72043"}],"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=72043"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/72043\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/72044"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=72043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=72043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=72043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}