The post Bitcoin Price Extends Losses — Is More Downside on the Horizon? appeared on BitcoinEthereumNews.com.

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin price started a fresh decline and tested the $104,600 zone. BTC is now consolidating and might struggle to recover above $107,500. Bitcoin started a fresh decline below the $107,500 zone. The price is trading below $107,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $107,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses if it breaks the $104,000 support zone. Bitcoin Price Dips Further Bitcoin price started a fresh decline and traded below the $107,500 support zone. BTC even traded below the $105,600 level and tested the next support at $104,600. A low was formed at $104,604 and the price is now consolidating losses. There was a move above the $105,200 level, but the price is still below the 23.6% Fib retracement level of the recent decline from the $110,500 swing high to the $104,604 low. Bitcoin is now trading below $107,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $106,000 level. The first key resistance is near the $107,000 level. The next key resistance could be $107,500. There is also a connecting bearish trend line forming with resistance at $107,550 on the hourly chart of the BTC/USD pair. It is close to the 50% Fib retracement level of the recent decline from the $110,500 swing high to the $104,604 low. Source:…

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Filed under: News - @ May 30, 2025 2:22 am