{"id":9805,"date":"2026-02-04T06:00:25","date_gmt":"2026-02-04T06:00:25","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-price-bounce-looks-hollow-downtrend-may-resume\/"},"modified":"2026-02-04T06:00:25","modified_gmt":"2026-02-04T06:00:25","slug":"bitcoin-price-bounce-looks-hollow-downtrend-may-resume","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-price-bounce-looks-hollow-downtrend-may-resume\/","title":{"rendered":"Bitcoin Price Bounce Looks Hollow, Downtrend May Resume"},"content":{"rendered":"<p><em>Bitcoin price extended its decline below $75,000. BTC is now attempting to recover from $72,850 but faces many hurdles near $76,500.<\/em><\/p>\n<ul>\n<li>Bitcoin is attempting to recover above $74,000 and $75,000.<\/li>\n<li>The price is trading below $79,000 and the 100 hourly simple moving average.<\/li>\n<li>There is a bearish trend line forming with resistance at $77,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair might dip again if it trades below the $75,000 and $74,000 levels.<\/li>\n<\/ul>\n<h2>Bitcoin Price Faces Hurdles<\/h2>\n<p>Bitcoin price failed to remain stable above the $76,000 zone. BTC extended its decline below the $75,000 and $74,000 levels. The bears were able to push the price below $73,500.<\/p>\n<p>A low was formed at $72,865, and the price is now attempting to recover. There was a move above $75,000. The price surpassed the 50% Fib retracement level of the downward move from the $79,120 swing high to the $72,865 low.<\/p>\n<p>However, the bears are active near $77,000 and the 61.8% Fib retracement level of the downward move from the $79,120 swing high to the $72,865 low. Bitcoin is now trading below $77,000 and the 100 hourly simple moving average.<\/p>\n<p>If the price remains stable above $75,000, it could attempt a fresh increase. Immediate resistance is near the $76,750 level. The first key resistance is near the $77,000 level. There is also a bearish trend line forming with resistance at $77,200 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-879258\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/02\/Bitcoin_0d98a4.png?resize=1024%2C509\" alt=\"Bitcoin Price \" width=\"1024\" height=\"509\" \/><\/p>\n<p>A close above the $77,200 resistance might send the price further higher. In the stated case, the price could rise and test the $78,500 resistance. Any more gains might send the price toward the $79,000 level. The next barrier for the bulls could be $80,000 and $80,500.<\/p>\n<h2>Another Decline In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $77,200 resistance zone, it could start another decline. Immediate support is near the $75,000 level. The first major support is near the $74,000 level.<\/p>\n<p>The next support is now near the $72,850 zone. Any more losses might send the price toward the $71,500 support in the near term. The main support 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 $75,000, followed by $74,000.<\/p>\n<p>Major Resistance Levels \u2013 $76,750 and $77,200.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price extended its decline below $75,000. BTC is now attempting to recover from $72,850 but faces many hurdles near $76,500. Bitcoin is attempting to recover above $74,000 and $75,000. The price is trading below $79,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $77,200 on&hellip;<\/p>\n","protected":false},"author":1,"featured_media":9806,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142],"tags":[22,29,32,35,36,154],"class_list":["post-9805","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\/9805","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=9805"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/9805\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/9806"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=9805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=9805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=9805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}