{"id":8969,"date":"2025-12-24T05:11:07","date_gmt":"2025-12-24T05:11:07","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-weakens-further-additional-losses-now-on-the-table\/"},"modified":"2025-12-24T05:11:07","modified_gmt":"2025-12-24T05:11:07","slug":"bitcoin-price-weakens-further-additional-losses-now-on-the-table","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-weakens-further-additional-losses-now-on-the-table\/","title":{"rendered":"Bitcoin Price Weakens Further, Additional Losses Now on the Table"},"content":{"rendered":"<p><em>Bitcoin price failed to continue higher and dipped below $88,500. BTC is now declining and might struggle to stay above $86,800.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh decline from the $90,500 zone.<\/li>\n<li>The price is trading below $88,000 and the 100 hourly Simple moving average.<\/li>\n<li>There is a bearish trend line forming with resistance at $87,650 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair might continue to move down if it trades below the $86,800 zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Corrects Gains<\/h2>\n<p>Bitcoin price failed to stay in a positive zone and started a fresh decline below $90,000. BTC dipped below $89,500 and $88,500 to move into a bearish zone.<\/p>\n<p>The bears were able to push the price below the 50% Fib retracement level of the upward move from the $84,420 swing low to the $90,552 high. Besides, there is a bearish trend line forming with resistance at $87,650 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>Bitcoin is now trading below $88,000 and the 100 hourly Simple moving average. If the price remains stable above $87,000, it could attempt a fresh recovery wave. Immediate resistance is near the $87,650 level and the trend line.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-869928\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/12\/Bitcoin_059ab8.png?resize=1024%2C488\" alt=\"Bitcoin Price \" width=\"1024\" height=\"488\" \/><\/p>\n<p>The first key resistance is near the $88,500 level. The next resistance could be $89,100. A close above the $89,100 resistance might send the price further higher. In the stated case, the price could rise and test the $90,000 resistance. Any more gains might send the price toward the $90,500 level. The next barrier for the bulls could be $91,500 and $92,000.<\/p>\n<h2>More Losses In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $88,500 resistance zone, it could start another decline. Immediate support is near the $87,000 level. The first major support is near the $86,750 level and the 61.8% Fib retracement level of the upward move from the $84,420 swing low to the $90,552 high.<\/p>\n<p>The next support is now near the $86,000 zone. Any more losses might send the price toward the $85,450 support in the near term. The main support sits at $84,500, below which BTC might accelerate lower 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 $86,750, followed by $86,000.<\/p>\n<p>Major Resistance Levels \u2013 $87,650 and $88,500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price failed to continue higher and dipped below $88,500. BTC is now declining and might struggle to stay above $86,800. Bitcoin started a fresh decline from the $90,500 zone. The price is trading below $88,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $87,650 on&hellip;<\/p>\n","protected":false},"author":1,"featured_media":8970,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[145],"tags":[65,108,73,70,71,146],"class_list":["post-8969","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:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/8969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=8969"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/8969\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/8970"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=8969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=8969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=8969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}