{
    "id": 53631,
    "date": "2025-11-17T10:23:42",
    "date_gmt": "2025-11-17T03:23:42",
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    "modified": "2025-11-17T10:23:42",
    "modified_gmt": "2025-11-17T03:23:42",
    "slug": "bitcoin-slides-deeper-into-red-extending-decline-toward-key-support-zones",
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        "rendered": "Bitcoin Slides Deeper Into Red, Extending Decline Toward Key Support Zones"
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        "rendered": "<div id=\"ftwp-postcontent\">\n<p><em>Bitcoin price failed to recover above $96,500. BTC is down over 3% and there are chances of more downsides below $92,000.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh decline below $95,000 and $94,500.<\/li>\n<li>The price is trading below $98,000 and the 100 hourly Simple moving average.<\/li>\n<li>There is a bearish trend line forming with resistance at $96,600 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair might continue to move down if it settles below the $92,500 zone.<\/li>\n<\/ul>\n<h2 id=\"ftoc-heading-1\">Bitcoin Price Dips Further<\/h2>\n<p>Bitcoin price failed to stay in a <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-drops-under-100k\/\" target=\"_blank\">positive zone<\/a> above the $95,500 pivot level. BTC bears remained active below $95,500 and pushed the price lower.<\/p>\n<p>The bears gained strength and were able to push the price below the $94,000 zone. A low was formed at $92,890 and the price is now consolidating losses near the 23.6% Fib retracement level of the recent decline from the $103,998 swing high to the $92,890 low.<\/p>\n<p>Bitcoin is now trading below $95,000 and the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-drops-again-100k\/\" target=\"_blank\">100 hourly Simple moving average<\/a>. Besides, there is a bearish trend line forming with resistance at $96,600 on the hourly chart of the BTC\/USD pair.<\/p>\n<figure id=\"attachment_854389\" aria-describedby=\"caption-attachment-854389\"><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/11\/Bitcoin_73db28.png\"><img loading=\"lazy\" data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/11\/Bitcoin_73db28.png?resize=1024%2C493\" alt=\"Bitcoin Price \" width=\"1024\" height=\"493\"><\/a><figcaption id=\"caption-attachment-854389\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\">BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>If the bulls attempt another recovery wave, the price could face resistance near the $95,500 level. The first key resistance is near the $96,500 level and the trend line. The next resistance could be $97,200. A close above the $97,200 resistance might send the price further higher. In the stated case, the price could rise and test the $98,500 resistance. Any more gains might send the price toward the $99,500 level. The next barrier for the bulls could be $100,000 and $100,500.<\/p>\n<h2 id=\"ftoc-heading-2\">More Losses In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $96,600 resistance zone, it could start another decline. Immediate support is near the $93,500 level. The first major support is near the $92,500 level.<\/p>\n<p>The next support is now near the $91,500 zone. Any more losses might send the price toward the $90,000 support in the near term. The main support sits at $88,500, below which BTC might accelerate lower in the near term.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $92,500, followed by $90,000.<\/p>\n<p>Major Resistance Levels \u2013 $95,500 and $96,600.<\/p>\n<\/p><\/div>",
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