{"id":11997,"date":"2026-06-01T05:00:28","date_gmt":"2026-06-01T05:00:28","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-price-teeters-near-the-edge-as-bears-eye-another-breakdown\/"},"modified":"2026-06-01T05:00:28","modified_gmt":"2026-06-01T05:00:28","slug":"bitcoin-price-teeters-near-the-edge-as-bears-eye-another-breakdown","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-price-teeters-near-the-edge-as-bears-eye-another-breakdown\/","title":{"rendered":"Bitcoin Price Teeters Near The Edge As Bears Eye Another Breakdown"},"content":{"rendered":"<p><em>Bitcoin price started a fresh decline below the $73,800 zone. BTC is consolidating and might continue to move down if it dips below $72,500.<\/em><\/p>\n<ul>\n<li>Bitcoin failed to stay above $74,200 and extended losses.<\/li>\n<li>The price is trading below $73,800 and the 100 hourly simple moving average.<\/li>\n<li>There was a break below a rising channel with support at $73,550 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 $74,200 and $74,500 levels.<\/li>\n<\/ul>\n<h2>Bitcoin Price Turns Red<\/h2>\n<p>Bitcoin price failed to stay above the $75,000 support zone. BTC remained in a bearish zone and extended losses below the $74,500 level. There was a move below the $74,000 level.<\/p>\n<p>The price even dipped below $73,000. A low was formed at $72,470 and the price recently attempted a recovery wave. There was a minor move above the 23.6% Fib retracement level of the downward move from the $77,810 swing high to the $72,470 low.<\/p>\n<p>However, it faced resistance near $74,000. Recently, there was a break below a rising channel with support at $73,550 on the hourly chart of the BTC\/USD pair. Bitcoin is now trading below $73,800 and the 100 hourly simple moving average.<\/p>\n<p>If the price remains stable above $72,000, it could attempt a fresh increase. Immediate resistance is near the $73,850 level. The first key resistance is near the $74,000 level. A close above the $74,000 resistance might send the price further higher. In the stated case, the price could rise and test the $74,500 resistance.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"wp-image-898778 size-full\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/06\/Bitcoin.png?resize=1024%2C472\" alt=\"Bitcoin Price \" width=\"1024\" height=\"472\" loading=\"lazy\" \/><\/p>\n<p>Any more gains might send the price toward the $75,150 level or the 50% Fib retracement level of the downward move from the $77,810 swing high to the $72,470 low. The next barrier for the bulls could be $75,500.<\/p>\n<h2>Downside Continuation In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $74,200 resistance zone, it could start another decline. Immediate support is near the $73,000 level.<\/p>\n<p>The first major support is near the $72,500 level. The next support is now near the $72,000 zone. Any more losses might send the price toward the $71,500 support in the near term. The main support now sits at $70,850, 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 $74,000 and $74,500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a fresh decline below the $73,800 zone. BTC is consolidating and might continue to move down if it dips below $72,500. Bitcoin failed to stay above $74,200 and extended losses. The price is trading below $73,800 and the 100 hourly simple moving average. There was a break below a rising channel with&hellip;<\/p>\n","protected":false},"author":1,"featured_media":11998,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142],"tags":[22,29,32,35,36,154],"class_list":["post-11997","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\/11997","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=11997"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/11997\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/11998"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=11997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=11997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=11997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}