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Bitcoin price started a fresh decline from $92,000. BTC is down over 5% and the bulls are struggling to keep the price above $86,500. Bitcoin started a fresh decline below the $90,000 zone. The price is trading below $88,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $89,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it settles below the $86,500 zone. Bitcoin Price Dips Again Bitcoin price failed to settle above the $92,000 resistance zone and started a fresh decline. BTC dipped sharply below $90,500 and $90,000. There was a break below a key bullish trend line with support at $89,500 on the hourly chart of the BTC/USD pair. The pair even spiked below $87,500. A low was formed at $86,500 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $91,928 swing high to the $86,500 low. Bitcoin is now trading below $90,000 and the 100 hourly Simple moving average. If the bulls remain in action, the price could attempt another increase. Immediate resistance is near the $87,850 level. The first key resistance is near the $89,200 level or the 50% Fib retracement level of the downward move from the $91,928 swing high to the $86,500 low. The next resistance could be $89,500. A close above the $89,500 resistance might send the price further higher. In the stated case, the price could rise and test the $90,650 resistance. Any more gains might send the price toward the $91,500 level. The next barrier for the bulls could be $92,000 and $92,500. More Losses In BTC? If Bitcoin fails to rise above the $87,800 resistance zone, it could start another decline. Immediate support is near the $86,500 level. The first major support is near the $86,000 level. The next support is now near the $85,500 zone. Any more losses might send the price toward the $83,500 support in the near term. The main support sits at $82,200, below which BTC might accelerate lower in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $86,500, followed by $86,000. Major Resistance Levels – $87,800 and $89,200.Bitcoin price started a fresh decline from $92,000. BTC is down over 5% and the bulls are struggling to keep the price above $86,500. Bitcoin started a fresh decline below the $90,000 zone. The price is trading below $88,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $89,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it settles below the $86,500 zone. Bitcoin Price Dips Again Bitcoin price failed to settle above the $92,000 resistance zone and started a fresh decline. BTC dipped sharply below $90,500 and $90,000. There was a break below a key bullish trend line with support at $89,500 on the hourly chart of the BTC/USD pair. The pair even spiked below $87,500. A low was formed at $86,500 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $91,928 swing high to the $86,500 low. Bitcoin is now trading below $90,000 and the 100 hourly Simple moving average. If the bulls remain in action, the price could attempt another increase. Immediate resistance is near the $87,850 level. The first key resistance is near the $89,200 level or the 50% Fib retracement level of the downward move from the $91,928 swing high to the $86,500 low. The next resistance could be $89,500. A close above the $89,500 resistance might send the price further higher. In the stated case, the price could rise and test the $90,650 resistance. Any more gains might send the price toward the $91,500 level. The next barrier for the bulls could be $92,000 and $92,500. More Losses In BTC? If Bitcoin fails to rise above the $87,800 resistance zone, it could start another decline. Immediate support is near the $86,500 level. The first major support is near the $86,000 level. The next support is now near the $85,500 zone. Any more losses might send the price toward the $83,500 support in the near term. The main support sits at $82,200, below which BTC might accelerate lower in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $86,500, followed by $86,000. Major Resistance Levels – $87,800 and $89,200.

Bitcoin Collapse Accelerates as Gains Vanish and Sellers Take Full Control

Author: NewsBTC

Source: NewsBTC

2025/12/01 11:16

3 min read

TAKE$0.01718+1.89%

BTC$69,618.48-1.90%

BULLS$331.17-2.04%

BULLISH$0.002334-2.75%

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Bitcoin price started a fresh decline from $92,000. BTC is down over 5% and the bulls are struggling to keep the price above $86,500.

Bitcoin started a fresh decline below the $90,000 zone.
The price is trading below $88,000 and the 100 hourly Simple moving average.
There was a break below a key bullish trend line with support at $89,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might continue to move down if it settles below the $86,500 zone.

Bitcoin Price Dips Again

Bitcoin price failed to settle above the $92,000 resistance zone and started a fresh decline. BTC dipped sharply below $90,500 and $90,000.

There was a break below a key bullish trend line with support at $89,500 on the hourly chart of the BTC/USD pair. The pair even spiked below $87,500. A low was formed at $86,500 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $91,928 swing high to the $86,500 low.

Bitcoin is now trading below $90,000 and the 100 hourly Simple moving average. If the bulls remain in action, the price could attempt another increase. Immediate resistance is near the $87,850 level. The first key resistance is near the $89,200 level or the 50% Fib retracement level of the downward move from the $91,928 swing high to the $86,500 low.

The next resistance could be $89,500. A close above the $89,500 resistance might send the price further higher. In the stated case, the price could rise and test the $90,650 resistance. Any more gains might send the price toward the $91,500 level. The next barrier for the bulls could be $92,000 and $92,500.

More Losses In BTC?

If Bitcoin fails to rise above the $87,800 resistance zone, it could start another decline. Immediate support is near the $86,500 level. The first major support is near the $86,000 level.

The next support is now near the $85,500 zone. Any more losses might send the price toward the $83,500 support in the near term. The main support sits at $82,200, below which BTC might accelerate lower in the near term.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $86,500, followed by $86,000.

Major Resistance Levels – $87,800 and $89,200.

Market Opportunity

Overtake Price(TAKE)

$0.01717

$0.01717$0.01717

+2.63%

USD

Overtake (TAKE) Live Price Chart

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