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    Home»Bitcoin»Bitcoin Worth Faces Stiff Resistance: Is One other Drop on the Horizon?
    Bitcoin Worth Faces Stiff Resistance: Is One other Drop on the Horizon?
    Bitcoin

    Bitcoin Worth Faces Stiff Resistance: Is One other Drop on the Horizon?

    By Crypto EditorMay 6, 2025No Comments3 Mins Read
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    Bitcoin Worth Faces Stiff Resistance: Is One other Drop on the Horizon?

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    Bitcoin worth began a draw back correction under the $96,500 zone. BTC is now buying and selling under $95,000 and struggling to start out a contemporary enhance.

    • Bitcoin began a contemporary decline under the $95,500 zone.
    • The value is buying and selling under $95,500 and the 100 hourly Easy shifting common.
    • There’s a connecting bearish development line forming with resistance at $94,750 on the hourly chart of the BTC/USD pair (information feed from Kraken).
    • The pair might begin one other enhance if it clears the $95,750 zone.

    Bitcoin Worth Faces Resistance

    Bitcoin worth began a draw back correction under the $97,200 assist zone. BTC declined under the $96,200 and $95,500 assist ranges.

    The bears even pushed it under $94,500. A low was shaped at $93,570 and the worth is now trying to get well. There was a transfer above the $94,000 stage. The value cleared the 23.6% Fib retracement stage of the latest decline from the $97,885 swing excessive to the $93,570 low.

    Nevertheless, the bears are energetic close to the $95,000 zone. Bitcoin worth is now buying and selling under $95,000 and the 100 hourly Easy shifting common. On the upside, speedy resistance is close to the $94,750 stage. There may be additionally a connecting bearish development line forming with resistance at $94,750 on the hourly chart of the BTC/USD pair.

    Bitcoin Price
    Supply: BTCUSD on TradingView.com

    The primary key resistance is close to the $95,300 stage. The subsequent key resistance might be $95,750 and the 50% Fib retracement stage of the latest decline from the $97,885 swing excessive to the $93,570 low. An in depth above the $95,750 resistance would possibly ship the worth additional increased. Within the acknowledged case, the worth might rise and check the $96,800 resistance stage. Any extra positive factors would possibly ship the worth towards the $98,000 stage.

    Extra Losses In BTC?

    If Bitcoin fails to rise above the $94,750 resistance zone, it might begin one other draw back correction. Speedy assist on the draw back is close to the $93,750 stage. The primary main assist is close to the $93,500 stage.

    The subsequent assist is now close to the $93,200 zone. Any extra losses would possibly ship the worth towards the $92,500 assist within the close to time period. The principle assist sits at $91,200.

    Technical indicators:

    Hourly MACD – The MACD is now gaining tempo within the bearish zone.

    Hourly RSI (Relative Power Index) – The RSI for BTC/USD is now under the 50 stage.

    Main Assist Ranges – $93,750, adopted by $93,500.

    Main Resistance Ranges – $94,750 and $95,750.



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