Bitcoin price drops, more losses in BTC?

Neel4141

"Bitcoin price has once again dropped below the $26,500 support level. In the short term, BTC could face further losses with support around $26,000.
▶ Bitcoin started a new decline after failing to clear the $27,500 resistance level.
▶ The price is below $26,500 and the 100-hour simple moving average.
▶ There is a major bearish trend line forming with resistance near $26,500 on the BTC/USD hourly chart (data feed from Kraken).
▶ The cryptocurrency is at risk of more downsides below the $26,000 level.

Bitcoin Price Drops Again
Bitcoin price failed to surpass the $27,500 resistance level and started a fresh decline. BTC traded below the $27,000 and $26,500 support levels, entering a bearish zone.
There was also a move below the $26,200 support level. The price tested the $26,000 region, with a low formed near $26,026. The price is currently consolidating losses. It is trading slightly above the recent drop's 23.6% Fib retracement level, from the swing high of $26,711 to the low of $26,026.
Bitcoin's current trading price is below $26,500, as well as the 100-hour simple moving average. The immediate resistance is near $26,350. The first major resistance level is near the $26,500 range, which is a connecting bearish trend line and the 61.8% Fib retracement level of the recent drop from the high of $26,711 to the low of $26,026.
The next key resistance level could be around $26,700, and above that, the price may gain bullish momentum. In such a case, the price might even rise towards the $27,000 resistance level. Any further upside may require a move towards the $27,500 level.
More Losses in BTC?
If Bitcoin fails to initiate a new uptrend above the $26,500 resistance level, it could continue to decline. The immediate support is around $26,050.
The next major support level is near $26,000. A downside break and close below $26,000 could push the price further down to the next support at $25,400 in the coming trading days. Any more losses may require a test of $25,000.
Technical Indicators:
Hourly MACD – The MACD is losing pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently below the 50 level.
Major Support Levels – $26,000, followed by $25,400.
Major Resistance Levels – $26,350, $26,500, and $26,700."

Kamal531

A drop in price can also be an opportunity to buy low.

Iti9

The price of Bitcoin is currently falling as well.

Indra55

This "3D video game" sounds quite innovative.