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Bitcoin Price Struggles to Hold Support Below $26,150, Could See Another Decline

Bitcoin is struggling to stay above the $26,150 support and could face further decline if it breaks the key $25,400 support. The cryptocurrency is currently trading below $26,000 and the 100 hourly Simple moving average, with a bearish trend line forming around $26,000.

Immediate support is near the $25,570 level, with the next major support at $25,400. If the price continues to move down, it could drop towards the $25,000 support in the near term. Technical indicators show the MACD gaining pace in the bearish zone and the RSI for BTC/USD below the 50 level.

Bitcoin Bitcoin $93,951.76
-2.71%
Bitcoin Cryptocurrency
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