{"id":45201,"date":"2026-05-29T02:40:49","date_gmt":"2026-05-29T02:40:49","guid":{"rendered":"https:\/\/cryptd.in\/bitcoin-price-extends-decline-rapidly-as-key-supports-paves-way\/"},"modified":"2026-05-29T02:40:49","modified_gmt":"2026-05-29T02:40:49","slug":"bitcoin-price-extends-decline-rapidly-as-key-supports-paves-way","status":"publish","type":"post","link":"https:\/\/cryptd.in\/hu\/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 <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-extends-decline-74k\/\" target=\"_blank\" rel=\"noopener \">$75,500 support zone<\/a>. 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 <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-downtrend-gains-pace-76k\/\" target=\"_blank\" rel=\"noopener \">losses<\/a>. 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><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/05\/Bitcoin_8f9971.png\"><img decoding=\"async\" data-recalc-dims=\"1\" 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\" loading=\"lazy\" \/><\/a><\/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>","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":45203,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-45201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin Price Extends Decline Rapidly As Key Supports Paves Way - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/hu\/bitcoin-price-extends-decline-rapidly-as-key-supports-paves-way\/\" \/>\n<meta property=\"og:locale\" content=\"hu_HU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Extends Decline Rapidly As Key Supports Paves Way - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"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. 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