{"id":329787,"date":"2022-05-26T17:27:26","date_gmt":"2022-05-26T21:27:26","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=329787"},"modified":"2022-05-26T17:36:19","modified_gmt":"2022-05-26T21:36:19","slug":"bitcoin-price-prediction-for-today-may-26-btc-loses-support-below-29000","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-for-today-may-26-btc-loses-support-below-29000","title":{"rendered":"Bitcoin Price Prediction for Today, May 26: BTC Loses Support Below $29,000"},"content":{"rendered":"<p>The Bitcoin price prediction shows that BTC is falling below the moving averages as it trades at the $29,485 level.<\/p>\n<h2>Bitcoin Prediction Statistics Data:<\/h2>\n<ul>\n<li>Bitcoin price now &ndash; $29,485<\/li>\n<li>Bitcoin market cap &ndash; $561.7 billion<\/li>\n<li>Bitcoin circulating supply &ndash; 19.0 million<\/li>\n<li>Bitcoin total supply &ndash; 19.0 million<\/li>\n<li>Bitcoin Coinmarketcap ranking &ndash; #1<\/li>\n<\/ul>\n<h2>BTC\/USD Long-term Trend: Bearish (Daily Chart)<\/h2>\n<p>Key levels:<\/p>\n<p>Resistance Levels: $35,000, $37,000, $39,000<\/p>\n<p>Support Levels: $24,000, $22,000, $20,000<\/p>\n<p style=\"text-align: center\"><\/p><div class=\"su-button-center\"><a href=\"https:\/\/insidebitcoins.com\/visit\/etoro-news\" class=\"su-button su-button-style-3d\" style=\"color:#FFFFFF;background-color:#1d44bb;border-color:#183796;border-radius:0px;-moz-border-radius:0px;-webkit-border-radius:0px\" target=\"_self\" rel=\"nofollow\"><span style=\"color:#FFFFFF;padding:0px 26px;font-size:20px;line-height:40px;border-color:#617dd0;border-radius:0px;-moz-border-radius:0px;-webkit-border-radius:0px;text-shadow:none;-moz-text-shadow:none;-webkit-text-shadow:none\"> Buy Bitcoin Now<\/span><\/a><\/div>\n<p>The daily chart reveals that <a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-bitcoin\">BTC\/USD<\/a> is likely to claim more support as the king coin moves within the descending channel with the current consolidation pattern. More so, as the coin fails to cross above the 9-day and 21-day moving averages, BTC\/USD may likely see a sharp drop below the lower boundary of the channel. Similarly, the first level of support may be located at $26,000. Beneath this, other supports lie at $24,000, $22,000, and $20,000.<\/p>\n<h2>Bitcoin Price Prediction: Bitcoin (BTC) May Not Head to the Upside Now<\/h2>\n<p>As the daily chart reveals, the <a href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-for-today-may-25-btc-risks-fresh-drop-below-29000-support\">Bitcoin price<\/a> has failed to break above the resistance level at $30,000, the king coin may set up another few days of negative price declines beneath $29,000. A break above the previous level would have set Bitcoin up to retest the $30,000 level. Meanwhile, the technical indicator Relative Strength Index (14) may move sideways.<\/p>\n<p>Moreover, traders can see that the Bitcoin price remains around the 9-day moving average, crossing below it may gain more downtrends. Today, the Bitcoin price touches $29,850 but now dropping beneath the support level of $29,500. However, it does look that bears may end up closing below this support. More so, toward the upside, resistance lies at $35,000, $37,000, and $39,000.<\/p>\n<h2>BTC\/USD Medium-Term Trend: Ranging (4H Chart)<\/h2>\n<p>The 4-hour chart shows that the Bitcoin bulls are now stepping back into the market pushing the BTC price to cross above the 9-day and 21-day moving averages. Although the Bitcoin price has not yet slipped below $29,000 in the last few hours, it&rsquo;s still in the loop of making a bounce back.<\/p>\n<figure id=\"attachment_329818\" aria-describedby=\"caption-attachment-329818\" style=\"width: 1079px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-329818 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/05\/BTCUSD_4H_26052022.png\" alt=\"\" width=\"1079\" height=\"565\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/05\/BTCUSD_4H_26052022.png 1079w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/05\/BTCUSD_4H_26052022-300x157.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/05\/BTCUSD_4H_26052022-1024x536.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/05\/BTCUSD_4H_26052022-768x402.png 768w\" sizes=\"(max-width: 1079px) 100vw, 1079px\"><figcaption id=\"caption-attachment-329818\" class=\"wp-caption-text\">BTCUSD &ndash; 4 Hour Chart<\/figcaption><\/figure>\n<p>At the moment, BTC\/USD is currently moving around the moving averages. The upward movement may likely push the price nearest resistance at $37,000 and above while the immediate support lies at $28,000 and below. The technical indicator Relative Strength Index (14) is moving to cross above 50-level, suggesting that the market may head to the north.<\/p>\n\n            \n<p><strong>Read more:<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-bitcoin\">How to buy Bitcoin<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\">How to buy Cryptocurrency<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">The Bitcoin price prediction shows that BTC is falling below the moving averages as it trades at the $29,485 level. Bitcoin Prediction Statistics Data: Bitcoin <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-for-today-may-26-btc-loses-support-below-29000\" title=\"Bitcoin Price Prediction for Today, May 26: BTC Loses Support Below $29,000\">[&#8230;]<\/a><\/div>","protected":false},"author":1742,"featured_media":329816,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1],"tags":[734,5319,7991,7992],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.8 (Yoast SEO v21.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Price Prediction for Today, May 26: BTC Loses Support Below $29,000<\/title>\n<meta name=\"description\" content=\"The Bitcoin price prediction shows that BTC is falling below the moving averages as it trades at the $29,485 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