NewsBTC
Nov 24, 2025
7 0

Bitcoin Price Declines Below $88,000 Amid Recovery Attempts

Bitcoin's price has declined below $88,000 and is attempting a recovery. Key points include:

  • Bitcoin is trading under $89,000 and the 100-hourly Simple Moving Average.
  • A bearish trend line presents resistance at $89,500 on the hourly BTC/USD chart.
  • The price fell to a low of $80,595 before attempting recovery above $85,000.

Resistance and Support Levels

  • Resistance at $88,150 aligns with the 61.8% Fib retracement level from the $92,872 high to $80,595 low.
  • Key resistance levels are set at $89,500 and then $90,000.
  • If BTC breaks $90,000, it might target $92,500, $93,200, and up to $95,000.

Downside Risks

  • If unable to rise above $89,500, BTC may decline further.
  • Immediate support levels include $86,500 and $85,000.
  • Potential declines could see prices hitting $83,500 or $82,500, with major support at $80,000.

Bitcoin Price

Technical Indicators

  • Hourly MACD: Losing pace in the bearish zone.
  • Hourly RSI: Above 50, indicating potential stabilization.