Bitcoin's price is currently decreasing and is at risk of breaking the $25,000 support level. Despite attempts to recover above the $27,500 and $27,800 resistance levels, the price is trading below $27,500 and the 100 hourly Simple moving average. Two bearish trend lines are forming with resistance near $27,000 and $27,800 on the hourly chart of the BTC/USD pair.
If the $26,750 support zone is broken, the pair could continue to move down. The MACD is gaining pace in the bearish zone and the RSI for BTC/USD is now below the 50 level. Immediate support on the downside is near the $26,750 level, with major support levels at $26,000 and $25,000.
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