#binance #hype #zec #near
19/04/26 23:19 UTC-04

Bitcoin Price Gives Back Gains, But Structure Remains Bullish

Trading Trading
Trading Bitcoin Price Gives Back Gains, But Structure Remains Bullish

Bitcoin price started a fresh decline from the $78,400 zone. $BTC is consolidating and might struggle to stay above the $73,500 support.

  • Bitcoin failed to stay above $76,500 and corrected gains.
  • The price is trading below $75,500 and the 100 hourly simple moving average.
  • There is a connecting bearish trend line forming with resistance at $75,600 on the hourly chart of the $BTC/USD pair (data feed from Kraken).
  • The pair might extend losses if it stays below the $75,500 and $76,000 levels.

Bitcoin Price Dips Again

Bitcoin price failed to stay above the $77,500 resistance zone. $BTC formed a top near $78,350 and started a fresh decline. There was a move below the $76,500 level.

The price dipped below the $75,500 and $75,000 levels. A low was formed at $73,637 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $78,343 swing high to the $73,637 low.

Bitcoin is now trading below $76,000 and the 100 hourly simple moving average. If the price remains stable above $73,500, it could attempt a fresh increase. Immediate resistance is near the $74,750 level.

The first key resistance is near the $75,500 level. There is also a connecting bearish trend line forming with resistance at $75,600 on the hourly chart of the $BTC/USD pair. A close above the $75,500 resistance might send the price further higher.


Source: BTCUSD on TradingView.com

In the stated case, the price could rise and test the $76,000 resistance and the 50% Fib retracement level of the downward move from the $78,343 swing high to the $73,637 low. Any more gains might send the price toward the $77,200 level. The next barrier for the bulls could be $78,000.

Downside Continuation In $BTC?

If Bitcoin fails to rise above the $75,500 resistance zone, it could start another decline. Immediate support is near the $74,000 level.

The first major support is near the $73,500 level. The next support is now near the $72,500 zone. Any more losses might send the price toward the $71,200 support in the near term. The main support now sits at $70,000, below which $BTC might struggle to recover in the near term.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for $BTC/USD is now below the 50 level.

Major Support Levels – $74,000, followed by $73,500.

Major Resistance Levels – $75,500 and $76,000.

See also: "A drop in Ethereum below $2323 could trigger $1.04B in liquidations"

#Bitcoin (BTC) #Price drop

Editor: Alyona Nabok
Comments

Similar

07/06/26 15:46 UTC-04

Here’s Why Bitcoin’s 50% Drop Looks Minor Compared With What Some Altcoin Holders Have Endured

This week, Bitcoin fell to its lowest level of 2026, dropping to $59,100 per coin, and its price now sits just over 50% below the all-time high of more than $126,000 reached by the leading crypto asset. Meanwhile, a significant part of the altcoin market has suffered much sharper declines, with many well-known digital assets posting losses of more than 95% from their peak valuations.

06/06/26 05:41 UTC-04

Bitcoin Rebounds Above $61,000 After $1.6 Billion Sell-Off

Bitcoin rebounded above $61,000 on Saturday after briefly falling below the key $60,000 level, as traders assessed the fallout from a broad market sell-off triggered by stronger-than-expected US employment data.

06/06/26 03:55 UTC-04

Bitcoin Drop Below $60,000 Triggers $1.8 Billion in Liquidations in 24 Hours

During the night of 5–6 June 2026, Bitcoin briefly fell below the $60,000 mark, triggering large-scale liquidations in the derivatives market. According to CoinGlass, positions held by 349,549 traders worth a total of $1.81 billion were forcibly closed over the past 24 hours. The event became one of the largest liquidation cascades of the year and returned Bitcoin to levels last seen in October 2024.