Bitcoin Price Technical Analysis: BTC Could Move Towards $25,000!

  • Bitcoin struggled to recover above the $27,500 and $27,800 resistance levels.
  • The price is trading below $27,500 and the 100 hourly simple moving average.
  • On the hourly BTC/USD pair chart, two downward trend lines are forming with resistance near $27,000 and $27,800 (data feed from Kraken).
  • If BTC/USDT confirms breaking the $26,750 support area, it could continue to decline.

Bitcoin price is in a downward trend below $28,000. BTC faces a risk of a drop towards the $25,000 support in the near term.

Bitcoin Price Continues to Decline, Testing 26,000!

Bitcoin price failed to initiate a recovery wave above the $27,800 level. BTC continued to remain in a bear market and settled below the $27,500 support area.

Bears were able to push the price below the $27,000 level. A low was formed around $26,720 and the price is now showing many bearish signs. It is still trading below $27,500 and the 100 hourly simple moving average. On the hourly BTC/USD pair chart, two downward trend lines are forming with resistance near $27,000 and $27,800.

Bitcoin price could face sellers near the $27,000 level or the 23.6% Fib retracement level of the last drop from the $28,335 high to $26,720 low, which is near the $27,000 level.

The next major resistance is near the $27,350 level. The major resistance is now the next trend line and is forming near $27,800. This is near the 50% Fib retracement level of the last drop from the $28,335 high to $26,720 low.

BTCUSD Hourly Chart

A close above the $27,800 resistance and the 100 hourly simple moving average could start a proper increase. The next major resistance is near $28,000, above which the price could climb towards the $28,500 resistance.

Is More Loss Seen in Bitcoin Daily Price Analysis?

BTCUSDT Günlük Grafik 12 May

BTC USDT Chart Updated 26,000 Test

If Bitcoin cannot surpass the $27,500 resistance, it could continue its downward trend. The immediate downside support is at the $26,750 level. We see that this support has been tested, but the daily close has not yet come. Especially on the chart where the 100-day MA has become a support at $26,000.

The next major support was at the $26,500 area, below which the price could gain bearish momentum. However, it should be noted that we have not yet seen major closures. In this case, Bitcoin could revisit the $26,000 level. More losses could take Bitcoin towards the $25,000 level in the near term.

Technical Indicators:

Hourly MACD – MACD is now gaining momentum in the bear market.

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

Main Support Levels – $26,750, followed by $26,000.

Main Resistance Levels – $27,000, $27,350, and $27,800.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

$AVNT added to Binance hodler airdrops

$AVNT added to Binance hodler airdrops

Binance Futures to Update USDT Funding Rate Formula and Shift Mark Price to 30‑Second Moving Average on Sept 18, 2025

Binance Futures announced an operational update effective 16:01 on...

Deutsche Börse’s Crypto Finance Launches AnchorNote to Enable Real‑Time Bitcoin Trading in Regulated Custody via BridgePort

AnchorNote, launched by Crypto Finance (a Deutsche Börse Group...

Bitcoin (BTC) Oscillates Between $114K–$117K — Analysts Say Fed 25bp Cut Could Restart Rally; 50bp Cut May Trigger Market Frenzy

COINOTAG News (Sept. 16), citing CoinDesk, reports that Bitcoin...

2017 ETH OG Moves 2,200 ETH to Bybit ($9.92M) — Whale’s 16.83K ETH Holdings Yield $32.9M Profit (21.82x ROI)

COINOTAG News reported on September 16 that on‑chain analyst...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img