{"id":3007,"date":"2025-02-17T06:00:21","date_gmt":"2025-02-17T06:00:21","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-price-falls-short-again-is-a-deeper-decline-coming\/"},"modified":"2025-02-17T06:00:21","modified_gmt":"2025-02-17T06:00:21","slug":"bitcoin-price-falls-short-again-is-a-deeper-decline-coming","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-price-falls-short-again-is-a-deeper-decline-coming\/","title":{"rendered":"Bitcoin Price Falls Short Again\u2014Is a Deeper Decline Coming?"},"content":{"rendered":"<p><em>Bitcoin price is struggling to clear the $100,000 resistance zone. BTC is again moving lower and might decline toward the $95,000 support.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh decline from the $98,500 zone.<\/li>\n<li>The price is trading below $97,000 and the 100 hourly Simple moving average.<\/li>\n<li>There was a break below a major bullish trend line with support at $97,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could start another increase if it stays above the $96,000 zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Dips Again<\/h2>\n<p>Bitcoin price remained in a range above the $95,000 support level. BTC started a decent increase above the $97,000 level, but it failed to clear the $98,800 resistance zone.<\/p>\n<p>A high was formed at $98,826 and the price is now moving lower. There was a move below the $97,000 and $96,500 support levels. The price dipped below the 50% Fib retracement level of the upward move from the $95,352 swing low to the $98,826 high.<\/p>\n<p>There was also a break below a major bullish trend line with support at $97,500 on the hourly chart of the BTC\/USD pair. Bitcoin price is now trading below $96,500 and the 100 hourly Simple moving average.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-697555\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/02\/Bitcoin_0943eb.png?resize=1024%2C478\" alt=\"Bitcoin Price\" width=\"1024\" height=\"478\" \/><\/p>\n<p>On the upside, immediate resistance is near the $96,800 level. The first key resistance is near the $97,000 level. The next key resistance could be $98,000. A close above the $98,000 resistance might send the price further higher. In the stated case, the price could rise and test the $98,800 resistance level. Any more gains might send the price toward the $100,000 level or even $100,500.<\/p>\n<h2>More Losses In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $97,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $96,150 level or the 76.4% Fib retracement level of the upward move from the $95,352 swing low to the $98,826 high. The first major support is near the $95,500 level.<\/p>\n<p>The next support is now near the $95,000 zone. Any more losses might send the price toward the $93,500 support in the near term. The main support sits at $92,200.<\/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 $96,000, followed by $95,000.<\/p>\n<p>Major Resistance Levels \u2013 $97,000 and $98,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is struggling to clear the $100,000 resistance zone. BTC is again moving lower and might decline toward the $95,000 support. Bitcoin started a fresh decline from the $98,500 zone. The price is trading below $97,000 and the 100 hourly Simple moving average. There was a break below a major bullish trend line with&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3008,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142],"tags":[22,29,32,35,36,154],"class_list":["post-3007","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\/3007","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=3007"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/3007\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/3008"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=3007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=3007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=3007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}