{"id":53518,"date":"2025-11-07T09:39:50","date_gmt":"2025-11-07T02:39:50","guid":{"rendered":"https:\/\/hbbgroup.net\/bitcoin-loses-strength-fresh-decline-could-push-below-key-support\/"},"modified":"2025-11-07T09:39:50","modified_gmt":"2025-11-07T02:39:50","slug":"bitcoin-loses-strength-fresh-decline-could-push-below-key-support","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/bitcoin-loses-strength-fresh-decline-could-push-below-key-support\/","title":{"rendered":"Bitcoin Loses Strength, Fresh Decline Could Push Below Key Support"},"content":{"rendered":"<div id=\"ftwp-postcontent\">\n<p><em>Bitcoin price is struggling below $104,200. BTC could continue to move down if it stays below the $103,500 resistance.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh decline below the $103,500 support.<\/li>\n<li>The price is trading below $103,000 and the 100 hourly Simple moving average.<\/li>\n<li>There is a key bearish trend line forming with resistance at $102,400 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 fails to surpass the $103,500 zone.<\/li>\n<\/ul>\n<h2 id=\"ftoc-heading-1\">Bitcoin Price Dips Again<\/h2>\n<p>Bitcoin price failed to stay above the $104,000 support level and started a fresh <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-recovery-lacks-conviction-105k\/\" target=\"_blank\">decline<\/a>. BTC dipped below $103,500 and $102,400 to enter a bearish zone.<\/p>\n<p>The decline was such that the price even spiked below the $101,200 support. A low was formed at $100,266 and the price is now consolidating losses. There was a move above the 23.6% Fib retracement level of the recent decline from the $104,498 swing high to the $100,266 low.<\/p>\n<p>Bitcoin is now trading below $103,000 and the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-slides-back-to-100k\/\" target=\"_blank\">100 hourly Simple moving average<\/a>. If the bulls attempt another recovery wave, the price could face resistance near the $102,000 level. The first key resistance is near the $102,250 level. Besides, there is a key bearish trend line forming with resistance at $102,400 on the hourly chart of the BTC\/USD pair.<\/p>\n<figure id=\"attachment_850555\" aria-describedby=\"caption-attachment-850555\"><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/11\/Bitcoin_7051d9.png\"><img loading=\"lazy\" data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/11\/Bitcoin_7051d9.png?resize=1024%2C493\" alt=\"Bitcoin Price\" width=\"1024\" height=\"493\"><\/a><figcaption id=\"caption-attachment-850555\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\">BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>The next resistance could be $103,500 and the 76.4% Fib retracement level of the recent decline from the $104,498 swing high to the $100,266 low. A close above the $103,500 resistance might send the price further higher. In the stated case, the price could rise and test the $104,200 resistance. Any more gains might send the price toward the $105,500 level. The next barrier for the bulls could be $106,200 and $106,500.<\/p>\n<h2 id=\"ftoc-heading-2\">More Losses In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $102,400 resistance zone, it could continue to move down. Immediate support is near the $100,500 level. The first major support is near the $100,000 level.<\/p>\n<p>The next support is now near the $98,800 zone. Any more losses might send the price toward the $96,500 support in the near term. The main support sits at $95,500, below which BTC might struggle to recover 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 $100,500, followed by $100,000.<\/p>\n<p>Major Resistance Levels \u2013 $102,400 and $103,500.<\/p>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is struggling below $104,200. BTC could continue to move down if it stays below the $103,500 resistance. Bitcoin [&hellip;]<\/p>","protected":false},"author":5,"featured_media":53519,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220],"tags":[],"class_list":["post-53518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tien-dien-tu"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/53518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/comments?post=53518"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/53518\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media\/53519"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media?parent=53518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/categories?post=53518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/tags?post=53518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}