{"id":23724,"date":"2026-05-26T05:00:22","date_gmt":"2026-05-26T05:00:22","guid":{"rendered":"https:\/\/coinsrise.net\/blog\/bitcoin-price-recovery-looks-fragile-another-drop-may-follow-soon\/"},"modified":"2026-05-26T05:00:22","modified_gmt":"2026-05-26T05:00:22","slug":"bitcoin-price-recovery-looks-fragile-another-drop-may-follow-soon","status":"publish","type":"post","link":"https:\/\/coinsrise.net\/blog\/bitcoin-price-recovery-looks-fragile-another-drop-may-follow-soon\/","title":{"rendered":"Bitcoin Price Recovery Looks Fragile, Another Drop May Follow Soon"},"content":{"rendered":"<p><em>Bitcoin price started a downside correction from the $78,000 zone. BTC is consolidating and might aim for a fresh increase if it clears $78,000.<\/em><\/p>\n<ul>\n<li>Bitcoin failed to stay above $77,500 and extended losses.<\/li>\n<li>The price is trading below $77,000 and the 100 hourly simple moving average.<\/li>\n<li>There was a break below a contracting triangle with support at $76,750 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 $76,200 and $76,000 levels.<\/li>\n<\/ul>\n<h2>Bitcoin Price Faces Resistance<\/h2>\n<p>Bitcoin price failed to clear the $78,000 resistance zone. BTC started a downside correction from the $77,809 swing high and traded below $77,500.<\/p>\n<p>There was a move below the 23.6% Fib retracement level of the upward move from the $74,209 swing low to the $77,809 high. Besides, there was a break below a contracting triangle with support at $76,750 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>However, the bulls are active above $76,000. Bitcoin is now trading below $77,000 and the 100 hourly simple moving average. If the price remains stable above $76,000, it could attempt a fresh increase. Immediate resistance is near the $76,750 level.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-897639\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/05\/Bitcoin_ebdba9.png?resize=1024%2C512\" alt=\"Bitcoin Price\" width=\"1024\" height=\"512\" loading=\"lazy\" \/><\/p>\n<p>The first key resistance is near the $77,200 level. A close above the $77,200 resistance might send the price further higher. In the stated case, the price could rise and test the $77,800 resistance. Any more gains might send the price toward the $78,000 level. The next barrier for the bulls could be $79,500.<\/p>\n<h2>Downside Extension 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 $76,000 level or the 50% Fib retracement level of the upward move from the $74,209 swing low to the $77,809 high.<\/p>\n<p>The first major support is near the $75,500 level. The next support is now near the $75,000 zone. Any more losses might send the price toward the $74,000 support in the near term. The main support now sits at $73,500, 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 $76,000, followed by $75,000.<\/p>\n<p>Major Resistance Levels \u2013 $77,200 and $78,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a downside correction from the $78,000 zone. BTC is consolidating and might aim for a fresh increase if it clears $78,000. Bitcoin failed to stay above $77,500 and extended losses. The price is trading below $77,000 and the 100 hourly simple moving average. There was a break below a contracting triangle with&hellip;<\/p>\n","protected":false},"author":1,"featured_media":23725,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[10,48,12,49,13,50],"class_list":["post-23724","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:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/posts\/23724","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/comments?post=23724"}],"version-history":[{"count":0,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/posts\/23724\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/media\/23725"}],"wp:attachment":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/media?parent=23724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/categories?post=23724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/tags?post=23724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}