{"id":11945,"date":"2026-05-29T05:00:45","date_gmt":"2026-05-29T05:00:45","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-price-extends-decline-rapidly-as-key-supports-paves-way\/"},"modified":"2026-05-29T05:00:45","modified_gmt":"2026-05-29T05:00:45","slug":"bitcoin-price-extends-decline-rapidly-as-key-supports-paves-way","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-price-extends-decline-rapidly-as-key-supports-paves-way\/","title":{"rendered":"Bitcoin Price Extends Decline Rapidly As Key Supports Paves Way"},"content":{"rendered":"<p><em>Bitcoin price started a fresh decline below the $74,000 zone. BTC is consolidating and might struggle to stay above the $72,000 support.<\/em><\/p>\n<ul>\n<li>Bitcoin failed to stay above $75,000 and extended losses.<\/li>\n<li>The price is trading below $74,000 and the 100 hourly simple moving average.<\/li>\n<li>There is a bearish trend line forming with resistance at $73,750 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair might extend losses if it stays below the $74,000 and $75,000 levels.<\/li>\n<\/ul>\n<h2>Bitcoin Price Extends Losses<\/h2>\n<p>Bitcoin price failed to stay above the $75,500 support zone. BTC remained in a bearish zone and extended losses below the $75,000 level. There was a move below the $74,200 level.<\/p>\n<p>The price even dipped below $73,000. A low was formed at $72,470 and the price is now consolidating losses. It is still struggling below the 23.6% Fib retracement level of the downward move from the $77,810 swing high to the $72,470 low.<\/p>\n<p>Bitcoin is now trading below $74,000 and the 100 hourly simple moving average. If the price remains stable above $72,000, it could attempt a fresh increase. Immediate resistance is near the $73,800 level. There is also a bearish trend line forming with resistance at $73,750 on the hourly chart of the BTC\/USD pair.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-898261\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/05\/Bitcoin_8f9971.png?resize=1024%2C512\" alt=\"Bitcoin Price\" width=\"1024\" height=\"512\" \/><\/p>\n<p>The first key resistance is near the $74,500 level. A close above the $74,500 resistance might send the price further higher. In the stated case, the price could rise and test the $75,150 resistance or the 50% Fib retracement level of the downward move from the $77,810 swing high to the $72,470 low. Any more gains might send the price toward the $75,500 level. The next barrier for the bulls could be $76,200.<\/p>\n<h2>More Downside In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $74,500 resistance zone, it could start another decline. Immediate support is near the $72,500 level.<\/p>\n<p>The first major support is near the $72,000 level. The next support is now near the $71,200 zone. Any more losses might send the price toward the $70,500 support in the near term. The main support now sits at $70,000, 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 $72,500, followed by $72,000.<\/p>\n<p>Major Resistance Levels \u2013 $73,750 and $74,500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a fresh decline below the $74,000 zone. BTC is consolidating and might struggle to stay above the $72,000 support. Bitcoin failed to stay above $75,000 and extended losses. The price is trading below $74,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $73,750&hellip;<\/p>\n","protected":false},"author":1,"featured_media":11946,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142],"tags":[22,29,32,35,36,154],"class_list":["post-11945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-btc","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btcusd","tag-btcusdt","tag-xbtusd"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/11945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=11945"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/11945\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/11946"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=11945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=11945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=11945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}