Price Analysis

Bitcoin Price Analysis: BTC Trades Below 50-day EMA; More Downside In Offer?

Published by
Bitcoin Price Analysis: BTC Trades Below 50-day EMA; More Downside In Offer?

Bitcoin price analysis indicates bearishness in today’s session. As the price fell below the $23,000 mark, the price is trading with lackluster motion due to a lack of volatility. The total crypto market cap moved above $1 Trillion according to the CoinMarketCap.

  • BTC’s price fell for the fifth straight session after a weak start to the new series.
  • A fall below the 50-day EMA signifies the continuation of the downside movement.
  • A daily candlestick above $23, 500 would invalidate any bearish argument.

As of writing, the largest cryptocurrency by market cap is trading at $$22,980, down 1.39% for the day. The 24-hour trading volume rose more than 14% to $27,438,288,578. It is a bearish sign.

Advertisement

BTC price extends downside momentum

Source: Trading view

BTC price is trading in a rising wedge pattern, a bearish continuation pattern. Currently, the price faces rejection near the higher levels around $23,850.Earlier, the price moved and closed above the 50-day moving average, but couldn’t sustain above and now started to fall below with a bearish candle. The volumes are also below average indicating that the price might ignore any bullish sentiment as of now.

A daily close below the critical $22,000 level would bring more losses to the coin. On moving lower, BTC sellers would target the low of July 27 at $21,045. Further, if the price is not able to sustain the mentioned level then it might ends up in trend reversal.

The daily chart shows BTC’s price faces a strong resistance hurdle from $23,230 to $23,350. 

The RSI(14) breached below the midline with a bearish bias. Currently, it reads at 58.

Lack of volume and volatility shows that the large players are not active in the market. The BTC/USD pair is unable to breach the $24,000 barrier.

Advertisement

1-hour chart forms a bearish pattern

Source: Trading view

On the hourly time frame, the price formed a ‘Head & Shoulder’ pattern, indicating bearishness. According to this pattern, if the price descends below $22,600, then we can expect a further fall in the price. BTC price can test $22,400 followed by $22,000.

On the other hand, a break above the $23,500 level could invalidate the bearish outlook. This would mean the emergence of buying near the lower level and would aim for $24,000. The buying could motivate the BTC buyers to take out the $22,500 mark.

Conclusion:

Bitcoin price analysis shows that the price is bearish in all time frames. Any uptick in the price could be capitalized to initiate a short position at least in the short term.

Advertisement

Share
Rekha chauhan

Rekha has started as Forex market analyst. Analyzing fundamental news and its impact on the market movement. Later on, develop an interest in the fascinating world of cryptocurrency. Tracking the market using technical aspects.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Price Analysis

Solana Price Set for Q4 Surge as Canary Capital ETF Filing Meets Wyckoff Accumulation

The Solana price narrative continues to gain traction as market voices highlight both technical accumulation…

September 26, 2025
  • Price Analysis

Avalanche Price Could Surge to $50 as Transactions Jump 200%

Avalanche price has sunk into a correction after falling by 16% from its highest point…

September 26, 2025
  • Price Analysis

CHMPZ Price Prediction:Will This Net-Zero Community Token be the Next Gem?

Chimpee, the project behind the hyped CHMPZ tokens, combines the best of both worlds. It…

September 26, 2025
  • Price Analysis

Ethereum (ETH) Price Set for a rebound as Whales Accumulate $1.6B ETH and Outflows Hit $622M

Ethereum price is showing signs of resilience after recent turbulence, with renewed attention on whale…

September 26, 2025
  • Price Analysis

HYPE Price Prediction As Bitwise Files For Hyperliquid ETF – Is $55 In Sight?

The HYPE price outlook has gained attention after a market analyst, Ali Charts, remarked that…

September 26, 2025
  • Price Analysis

Shiba Inu Price Eyes Recovery From Demand Zone With Burn Rate Soaring Nearly 400%

The Shiba Inu price has drawn attention as its chart shows tightening consolidation near a…

September 26, 2025