{"id":61741,"date":"2023-06-15T07:35:02","date_gmt":"2023-06-15T07:35:02","guid":{"rendered":"https:\/\/coinjournal.net\/news\/bitcoin-dips-under-25k-as-bulls-lose-7-month-trendline-what-next\/"},"modified":"2023-06-15T07:35:02","modified_gmt":"2023-06-15T07:35:02","slug":"bitcoin-dips-under-25k-as-bulls-lose-7-month-trendline-what-next","status":"publish","type":"post","link":"https:\/\/coinalsat.com\/en\/bitcoin-dips-under-25k-as-bulls-lose-7-month-trendline-what-next\/","title":{"rendered":"Bitcoin dips under $25k as bulls lose 7-month trendline \u2013 what next?"},"content":{"rendered":"\n<ul>\n<li dir=\"ltr\">Bitcoin price fell below $25,000 after the Fed rate pause news.<\/li>\n<li dir=\"ltr\">An analyst points out that the decline saw bulls lose a 7-month trendline support and $20k-$22k could be next.<\/li>\n<li dir=\"ltr\">The main resistance zone is between $26k and $28.3k, which can be touched if BTC bounces back.<\/li>\n<\/ul>\n<p dir=\"ltr\"><a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin price<\/a> broke below the $25,000 level overnight Wednesday as bulls failed to hold a key support zone, with the new price weakness coming after the <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/tag\/us-federal-reserve\/\">US Federal Reserve<\/a>&#8216;s interest rate pause decision.<\/p>\n<p dir=\"ltr\">Bitcoin had <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/bitcoin-consolidates-ahead-of-the-feds-decision-is-it-safe-to-buy-it-here\/\">consolidated<\/a> near $26k ahead of the Fed&#8217;s decision. However, as the markets reacted to the news, BTC dipped past $25,500, losing a major trendline that has acted as upside support for the past seven months.<\/p>\n<h2 dir=\"ltr\">Analyst share short term Bitcoin price prediction<\/h2>\n<p dir=\"ltr\">Bitcoin&#8217;s decline below $25k now puts bulls at risk of further rot, a scenario that could crystalise if bears take control. In this case, downside pressure could allow sellers to target new lows.<\/p>\n<p dir=\"ltr\">Crypto analyst Captain Faibik<a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoFaibik\/status\/1669187186426789894\">&nbsp;<u>says<\/u><\/a>:<\/p>\n<p dir=\"ltr\">&ldquo;<em>$BTC Bulls have lost the 7-Month Major Trendline, Not a good Sign..!! Is it a TRAP or Bears are back in the Town? If it&#8217;s a trap and Bitcoin bounces back, reclaiming the 26.7k resistance, we could witness a Bullish Rally towards 31k. If Bears are back, Bitcoin may face more downward pressure, possibly testing the 20-22k area<\/em>.&rdquo;<\/p>\n<div class=\"fr-img-space-wrap\"><span class=\"fr-img-caption fr-fic fr-dib fr-draggable\" style=\"width: 800px\"><span class=\"fr-img-wrap\"><\/p>\n<p dir=\"ltr\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/media.igms.io\/2023\/05\/15\/1686814060512-821ba685-82b6-4bb5-b997-e742c36fdeb1.jpg\" style=\"width: 800px\" class=\"fr-fic fr-dib\" width=\"800\" height=\"299\"><span class=\"fr-inner\">Bitcoin price chart shared by Captain Faibik on Twitter<\/span><\/p>\n<\/p>\n<p><\/span><\/span><\/p>\n<p class=\"fr-img-space-wrap2\">Another analyst, Ali, says BTC has its most important support area in the $22.7k-23.6k region. On the upside, the main resistance zone lies between $26k and 28.3k. This suggests a bounce could see Bitcoin reclaim this zone and possibly look to retest the $30k area.<\/p>\n<\/div>\n<p dir=\"ltr\">&ldquo;<em>Bitcoin sits on thin ice! Notice the most important support zone is between $22,785 and $23,595 where 1.34 million wallets hold 450,000 $BTC. On the flip side, #BTC faces stiff resistance between $26,000 and $28,250 where 5.18 million wallets bought 2.1 million BTC<\/em>,&rdquo; the analyst<a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ali_charts\/status\/1668907558763913216\">&nbsp;<u>tweeted<\/u><\/a>.<\/p>\n<p dir=\"ltr\">While the sub-$25k level offers a buy the dip opportunity, crypto analyst Rekt Capital <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/rektcapital\/status\/1669035211215056896\"><u>notes<\/u><\/a> that the loss of $26,600 threatens turning it into stiff resistance. A rejection of this level after the Weekly Close below could mean &ldquo;<em>lower $20000s await<\/em>.&rdquo;<\/p>\n<p dir=\"ltr\">Bitcoin traded at $24,878 early Thursday morning, about 4% down as altcoins mirrored the losses. The total crypto market cap was down 3.8%, with <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/ethereum\/\">Ethereum<\/a> trading at $1,674 and <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/tag\/xrp\/\">XRP<\/a> at $0.47 &ndash; down 6% and 7.3% respectively at the time of writing.<\/p>\n<p>The post <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/bitcoin-dips-under-25k-as-bulls-lose-7-month-trendline-what-next\/\">Bitcoin dips under $25k as bulls lose 7-month trendline &#8211; what next?<\/a> appeared first on <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"\n<p>Bitcoin price fell below $25,000 after the Fed rate pause news. An analyst points out that the decline saw bulls lose a 7-month trendline support and $20k-$22k could be next. The main resistance zone is between $26k and $28.3k, which can be touched if BTC bounces back. Bitcoin price broke below the $25,000 level overnight [&#8230;]<\/p>\n<p>The post <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/bitcoin-dips-under-25k-as-bulls-lose-7-month-trendline-what-next\/\">Bitcoin dips under $25k as bulls lose 7-month trendline &#8211; what next?<\/a> appeared first on <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n","protected":false},"author":5,"featured_media":61742,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-61741","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin dips under $25k as bulls lose 7-month trendline \u2013 what next? - CoinAlSat.com<\/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:\/\/coinalsat.com\/en\/bitcoin-dips-under-25k-as-bulls-lose-7-month-trendline-what-next\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin dips under $25k as bulls lose 7-month trendline \u2013 what next? - CoinAlSat.com\" \/>\n<meta property=\"og:description\" content=\"Bitcoin price fell below $25,000 after the Fed rate pause news. An analyst points out that the decline saw bulls lose a 7-month trendline support and $20k-$22k could be next. The main resistance zone is between $26k and $28.3k, which can be touched if BTC bounces back. 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- CoinAlSat.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinalsat.com\/en\/bitcoin-dips-under-25k-as-bulls-lose-7-month-trendline-what-next\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin dips under $25k as bulls lose 7-month trendline \u2013 what next? - CoinAlSat.com","og_description":"Bitcoin price fell below $25,000 after the Fed rate pause news. An analyst points out that the decline saw bulls lose a 7-month trendline support and $20k-$22k could be next. The main resistance zone is between $26k and $28.3k, which can be touched if BTC bounces back. Bitcoin price broke below the $25,000 level overnight [&#8230;] The post Bitcoin dips under $25k as bulls lose 7-month trendline &#8211; what next? appeared first on CoinJournal.","og_url":"https:\/\/coinalsat.com\/en\/bitcoin-dips-under-25k-as-bulls-lose-7-month-trendline-what-next\/","og_site_name":"CoinAlSat.com","article_publisher":"https:\/\/www.facebook.com\/coinalsat1","article_published_time":"2023-06-15T07:35:02+00:00","og_image":[{"url":"https:\/\/media.igms.io\/2023\/05\/15\/1686814060512-821ba685-82b6-4bb5-b997-e742c36fdeb1.jpg","type":"","width":"","height":""}],"author":"Author","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Author","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/coinalsat.com\/en\/bitcoin-dips-under-25k-as-bulls-lose-7-month-trendline-what-next\/#article","isPartOf":{"@id":"https:\/\/coinalsat.com\/en\/bitcoin-dips-under-25k-as-bulls-lose-7-month-trendline-what-next\/"},"author":{"name":"Author","@id":"https:\/\/coinalsat.com\/#\/schema\/person\/6fa35040f9ef4ae108188eaeb3ef441b"},"headline":"Bitcoin dips under $25k as bulls lose 7-month trendline \u2013 what next?","datePublished":"2023-06-15T07:35:02+00:00","mainEntityOfPage":{"@id":"https:\/\/coinalsat.com\/en\/bitcoin-dips-under-25k-as-bulls-lose-7-month-trendline-what-next\/"},"wordCount":429,"commentCount":0,"publisher":{"@id":"https:\/\/coinalsat.com\/#organization"},"image":{"@id":"https:\/\/coinalsat.com\/en\/bitcoin-dips-under-25k-as-bulls-lose-7-month-trendline-what-next\/#primaryimage"},"thumbnailUrl":"https:\/\/coinalsat.com\/wp-content\/uploads\/2023\/06\/bitcoin-dips-under-25k-as-bulls-lose-7-month-trendline-what-next.jpg","inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/coinalsat.com\/en\/bitcoin-dips-under-25k-as-bulls-lose-7-month-trendline-what-next\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/coinalsat.com\/en\/bitcoin-dips-under-25k-as-bulls-lose-7-month-trendline-what-next\/","url":"https:\/\/coinalsat.com\/en\/bitcoin-dips-under-25k-as-bulls-lose-7-month-trendline-what-next\/","name":"Bitcoin dips under $25k as bulls lose 7-month trendline \u2013 what next? 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