{"id":6742,"date":"2024-12-30T07:58:18","date_gmt":"2024-12-30T06:58:18","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=6742"},"modified":"2024-12-30T07:58:18","modified_gmt":"2024-12-30T06:58:18","slug":"is-a-more-significant-decline-on-the-horizon","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/30\/is-a-more-significant-decline-on-the-horizon\/","title":{"rendered":"Is a More Significant Decline on the Horizon?"},"content":{"rendered":"<p><\/p>\n<div>\n<p><em>The value of Bitcoin was unable to exceed $95,500 and fell once more. BTC is currently beneath $94,500 and may revisit the $91,200 support area.<\/em><\/p>\n<ul>\n<li>Bitcoin initiated a new downturn from the $96,500 region.<\/li>\n<li>The value is operating below $95,500 and the 100 hourly Simple moving average.<\/li>\n<li>A descending bearish trend line is developing with resistance at $94,000 on the hourly chart for the BTC\/USD pair (data sourced from Kraken).<\/li>\n<li>The pair might initiate another climb if it remains above the $92,500 support area.<\/li>\n<\/ul>\n<h2>Bitcoin Value Declines Once More<\/h2>\n<p>Bitcoin&#8217;s price commenced a notable upward trend above the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-another-hit-95k\/\" target=\"_blank\">$93,500 resistance area<\/a>. BTC successfully progressed beyond the $94,200 and $94,500 resistance thresholds.<\/p>\n<p>The pair surpassed the $95,000 resistance mark, but further gains were restricted. The price then began to decline again, trading below the $93,500 level. A low was established at $92,950, and the value is currently stabilizing after losses. A descending bearish trend line is forming with resistance at $94,000 on the hourly chart for the BTC\/USD pair.<\/p>\n<p>This trend line is close to the 23.6% Fib retracement level of the recent drop from the $97,308 swing high to the $92,950 low. Bitcoin&#8217;s price is now trading below $95,000 and the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-breakout-100k\/\" target=\"_blank\">100 hourly Simple moving average<\/a>.<\/p>\n<p>On the upside, immediate resistance is around the $94,000 level. The initial key resistance is near the $95,000 level or the 50% Fib retracement level of the recent decrease from the $97,308 swing high to the $92,950 low. A decisive move above the $95,000 resistance could propel the price upward.<\/p>\n<figure id=\"attachment_668032\" aria-describedby=\"caption-attachment-668032\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/12\/Bitcoin_c7e559.png\"><\/a><figcaption id=\"caption-attachment-668032\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\">BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>The subsequent key resistance might be $95,500. A closure above the $95,500 resistance could drive the price even higher. In this scenario, the price could increase and test the $96,500 resistance threshold. Further gains could push the price toward the $98,000 level.<\/p>\n<h2>Additional Declines For BTC?<\/h2>\n<p>Should Bitcoin not exceed the $94,500 resistance area, it may continue to move downward. Immediate support on the downside is situated near the $93,500 level.<\/p>\n<p>The first significant support is close to the $92,800 level. The next support is currently around the $92,500 area. Any additional losses could drive the price towards the $91,200 support in the near future.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining momentum within the bearish territory.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is currently under the 50 level.<\/p>\n<p>Major Support Levels \u2013 $93,500, followed by $92,500.<\/p>\n<p>Major Resistance Levels \u2013 $94,500 and $95,500.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-brink-93200\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The value of Bitcoin was unable to exceed $95,500 and fell once more. BTC is currently beneath $94,500 and may revisit the $91,200 support area. Bitcoin initiated a new downturn from the $96,500 region. The value is operating below $95,500 and the 100 hourly Simple moving average. A descending bearish trend line is developing with<\/p>\n","protected":false},"author":3,"featured_media":6743,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[651],"class_list":["post-6742","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-gptreturn-a-list-of-comma-separated-tags-from-this-title-could-a-deeper-drop-be-ahead-gpt"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is a More Significant Decline on the Horizon? - WSJ-Crypto<\/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:\/\/wsj-crypto.com\/index.php\/2024\/12\/30\/is-a-more-significant-decline-on-the-horizon\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is a More Significant Decline on the Horizon? - WSJ-Crypto\" \/>\n<meta property=\"og:description\" content=\"The value of Bitcoin was unable to exceed $95,500 and fell once more. BTC is currently beneath $94,500 and may revisit the $91,200 support area. Bitcoin initiated a new downturn from the $96,500 region. The value is operating below $95,500 and the 100 hourly Simple moving average. A descending bearish trend line is developing with\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/30\/is-a-more-significant-decline-on-the-horizon\/\" \/>\n<meta property=\"og:site_name\" content=\"WSJ-Crypto\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-30T06:58:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/12\/Bitcoin-Corrects-90K.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1792\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"wsjcrypto\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Scritto da\" \/>\n\t<meta name=\"twitter:data1\" content=\"wsjcrypto\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tempo di lettura stimato\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minuti\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/30\/is-a-more-significant-decline-on-the-horizon\/\",\"url\":\"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/30\/is-a-more-significant-decline-on-the-horizon\/\",\"name\":\"Is a More Significant Decline on the Horizon? - WSJ-Crypto\",\"isPartOf\":{\"@id\":\"https:\/\/wsj-crypto.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/30\/is-a-more-significant-decline-on-the-horizon\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/30\/is-a-more-significant-decline-on-the-horizon\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/12\/Bitcoin-Corrects-90K.jpg\",\"datePublished\":\"2024-12-30T06:58:18+00:00\",\"author\":{\"@id\":\"https:\/\/wsj-crypto.com\/#\/schema\/person\/88a93723b30416db1a352d5a0096c4a7\"},\"breadcrumb\":{\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/30\/is-a-more-significant-decline-on-the-horizon\/#breadcrumb\"},\"inLanguage\":\"it-IT\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/30\/is-a-more-significant-decline-on-the-horizon\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"it-IT\",\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/30\/is-a-more-significant-decline-on-the-horizon\/#primaryimage\",\"url\":\"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/12\/Bitcoin-Corrects-90K.jpg\",\"contentUrl\":\"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/12\/Bitcoin-Corrects-90K.jpg\",\"width\":1792,\"height\":1024,\"caption\":\"Bitcoin Price Corrects to $90K\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/30\/is-a-more-significant-decline-on-the-horizon\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wsj-crypto.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Is a More Significant Decline on the Horizon?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wsj-crypto.com\/#website\",\"url\":\"https:\/\/wsj-crypto.com\/\",\"name\":\"WSJ-Crypto\",\"description\":\"Just Another Crypto News Website\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wsj-crypto.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"it-IT\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/wsj-crypto.com\/#\/schema\/person\/88a93723b30416db1a352d5a0096c4a7\",\"name\":\"wsjcrypto\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"it-IT\",\"@id\":\"https:\/\/wsj-crypto.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/86fe8af82ea089646d6639ca2f87e0243d8688d957bd8e3ec22ec3c457cc16d4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/86fe8af82ea089646d6639ca2f87e0243d8688d957bd8e3ec22ec3c457cc16d4?s=96&d=mm&r=g\",\"caption\":\"wsjcrypto\"},\"url\":\"https:\/\/wsj-crypto.com\/index.php\/author\/wsjcrypto\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Is a More Significant Decline on the Horizon? - WSJ-Crypto","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:\/\/wsj-crypto.com\/index.php\/2024\/12\/30\/is-a-more-significant-decline-on-the-horizon\/","og_locale":"it_IT","og_type":"article","og_title":"Is a More Significant Decline on the Horizon? - WSJ-Crypto","og_description":"The value of Bitcoin was unable to exceed $95,500 and fell once more. BTC is currently beneath $94,500 and may revisit the $91,200 support area. Bitcoin initiated a new downturn from the $96,500 region. The value is operating below $95,500 and the 100 hourly Simple moving average. A descending bearish trend line is developing with","og_url":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/30\/is-a-more-significant-decline-on-the-horizon\/","og_site_name":"WSJ-Crypto","article_published_time":"2024-12-30T06:58:18+00:00","og_image":[{"width":1792,"height":1024,"url":"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/12\/Bitcoin-Corrects-90K.jpg","type":"image\/jpeg"}],"author":"wsjcrypto","twitter_card":"summary_large_image","twitter_misc":{"Scritto da":"wsjcrypto","Tempo di lettura stimato":"2 minuti"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/30\/is-a-more-significant-decline-on-the-horizon\/","url":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/30\/is-a-more-significant-decline-on-the-horizon\/","name":"Is a More Significant Decline on the Horizon? - WSJ-Crypto","isPartOf":{"@id":"https:\/\/wsj-crypto.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/30\/is-a-more-significant-decline-on-the-horizon\/#primaryimage"},"image":{"@id":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/30\/is-a-more-significant-decline-on-the-horizon\/#primaryimage"},"thumbnailUrl":"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/12\/Bitcoin-Corrects-90K.jpg","datePublished":"2024-12-30T06:58:18+00:00","author":{"@id":"https:\/\/wsj-crypto.com\/#\/schema\/person\/88a93723b30416db1a352d5a0096c4a7"},"breadcrumb":{"@id":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/30\/is-a-more-significant-decline-on-the-horizon\/#breadcrumb"},"inLanguage":"it-IT","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wsj-crypto.com\/index.php\/2024\/12\/30\/is-a-more-significant-decline-on-the-horizon\/"]}]},{"@type":"ImageObject","inLanguage":"it-IT","@id":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/30\/is-a-more-significant-decline-on-the-horizon\/#primaryimage","url":"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/12\/Bitcoin-Corrects-90K.jpg","contentUrl":"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/12\/Bitcoin-Corrects-90K.jpg","width":1792,"height":1024,"caption":"Bitcoin Price Corrects to $90K"},{"@type":"BreadcrumbList","@id":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/30\/is-a-more-significant-decline-on-the-horizon\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wsj-crypto.com\/"},{"@type":"ListItem","position":2,"name":"Is a More Significant Decline on the Horizon?"}]},{"@type":"WebSite","@id":"https:\/\/wsj-crypto.com\/#website","url":"https:\/\/wsj-crypto.com\/","name":"WSJ-Crypto","description":"Just Another Crypto News Website","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wsj-crypto.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"it-IT"},{"@type":"Person","@id":"https:\/\/wsj-crypto.com\/#\/schema\/person\/88a93723b30416db1a352d5a0096c4a7","name":"wsjcrypto","image":{"@type":"ImageObject","inLanguage":"it-IT","@id":"https:\/\/wsj-crypto.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/86fe8af82ea089646d6639ca2f87e0243d8688d957bd8e3ec22ec3c457cc16d4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/86fe8af82ea089646d6639ca2f87e0243d8688d957bd8e3ec22ec3c457cc16d4?s=96&d=mm&r=g","caption":"wsjcrypto"},"url":"https:\/\/wsj-crypto.com\/index.php\/author\/wsjcrypto\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/posts\/6742","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/comments?post=6742"}],"version-history":[{"count":2,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/posts\/6742\/revisions"}],"predecessor-version":[{"id":6745,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/posts\/6742\/revisions\/6745"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/media\/6743"}],"wp:attachment":[{"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/media?parent=6742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/categories?post=6742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/tags?post=6742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}