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30 Apr 2026, 03:00

Hyperliquid Jumps Into The Betting Boom With New ‘Outcome Tokens’ For Real-World Events

Hyperliquid (HYPE), one of the fastest-growing decentralized exchanges in crypto, is moving into prediction markets with a proposal aimed at competing with Polymarket and Kalshi. Bloomberg reported Wednesday that Hyperliquid is testing a new system upgrade called HIP-4, designed to let traders bet on real-world outcomes on a platform that has gained attention for how quickly and aggressively it has expanded. Hyperliquid Tests HIP-4 Prediction Markets HIP-4 is currently in public testing, and its focus would be prediction-style contracts rather than Hyperliquid’s traditional core product: perpetual futures. Perpetuals are derivative contracts with no expiry that typically involve significant leverage, meaning they carry a higher risk profile, especially during volatile price moves that can trigger forced liquidations. Prediction markets, by contrast, would be built on simpler contract mechanics. For example, if a market were created around whether US inflation in July would exceed 3.5%, the structure would generate two tokens—one representing each possible outcome. Traders could buy or sell either side, and whichever token corresponds to the correct outcome would settle at a fixed value once the result is known. Related Reading: Galaxy Digital Posts $200M Quarterly Loss—Did Hyperliquid Help Avoid New Crisis? A major difference highlighted in the reporting is that these proposed prediction contracts would not rely on leverage. That could reduce the likelihood of liquidation events that frequently disrupt leveraged positions in crypto trading. Sunny Shi, an investor at Syncracy Capital, suggested the design could change how sophisticated traders approach these bets. He said that HIP-4 would enable traders to take advantage of portfolio margin and find ways to generate “alpha” from the relationship between different market types. In his view, the approach would be different from platforms where most activity can look like straightforward, single-sided wagering. He pointed out that what is possible elsewhere may be hard to replicate on Polymarket or Kalshi, where much of the activity today is “just like single-sided betting.” What’s Clear, What’s Not What Hyperliquid is proposing is distinct from that of Polymarket and Kalshi in at least two ways. First, the prediction product would be native to a trading venue where users are already active, including across crypto and commodities—meaning it may gain distribution without needing to build a brand-new audience. Second, the prediction contracts would sit inside Hyperliquid’s existing trading system. The implication is that a single trader could potentially manage event bets and other exposures within one account. Still, Bloomberg notes that important details are still unclear, including how Hyperliquid would decide which real-world events qualify for new contracts, what governance process would be used to approve markets, and when HIP-4 might move from testing to a full public launch. HYPE Technicals In Focus Hyperliquid’s broader momentum may be part of why its prediction-market bid is getting attention. Its native token, HYPE, has been among the top-performing assets, though it has retraced about 11% below the $40 level over the past fourteen days, according to CoinGecko data. Related Reading: XRP Price Target At $18,000: Expert Says—Only One Condition Must Be Met While the broader crypto market—led by Bitcoin—has experienced a drawdown since October, with a near a 50% crash, HYPE has retained gains. The token is up roughly 110% year-to-date, even as it remains about 33% below all-time highs of $59. However, market analyst Ali Martinez has argued that Hyperliquid is breaking out of a rising wedge on its daily chart. This suggests a potential move towards $31, which could lead to the token retracking by around 20% from its current trading price of $39. Featured image from OpenArt, chart from TradingView.com

30 Apr 2026, 03:00

Bitmine locks 77% of Ethereum holdings – Why $9B ETH bet matters

Coinbase analysts noted that short-term speculators were flushed out in Q1, further cementing a firm base for ETH to rally

30 Apr 2026, 02:55

US Dollar Index Holds Steady After Fed Hold: Traders Brace for GDP and PCE Data Shock

BitcoinWorld US Dollar Index Holds Steady After Fed Hold: Traders Brace for GDP and PCE Data Shock The US Dollar Index holds steady near 104.5 after the Federal Reserve decided to keep interest rates unchanged. Markets now shift focus to upcoming US GDP and PCE data. These reports will shape the next move for the dollar. Traders watch closely for any signs of economic slowdown or persistent inflation. US Dollar Index Steady After Fed Decision The Federal Reserve concluded its two-day meeting on Wednesday. As widely expected, the central bank held the federal funds rate at 5.25%–5.50%. This marks the third consecutive pause since July 2023. The US Dollar Index reacted with minimal volatility. It remained locked in a tight range between 104.2 and 104.8. Fed Chair Jerome Powell reiterated a data-dependent stance. He emphasized that the committee needs more confidence inflation is moving sustainably toward 2%. The statement removed any reference to further tightening. This shift signals a potential end to the hiking cycle. However, Powell did not rule out future hikes if inflation reaccelerates. The dollar steady behavior reflects market pricing. According to CME FedWatch, traders assign a 95% probability to rates staying unchanged in January 2025. The first rate cut is not fully priced until mid-2025. This aligns with the Fed’s dot plot, which projects two 25-basis-point cuts next year. Market Reaction and Immediate Impact Currency markets showed a muted response. The euro traded near $1.0850 against the dollar. The yen weakened slightly to 148.50. Sterling held above $1.2700. The US Dollar Index remained flat, gaining just 0.1% on the day. Bond yields moved lower. The 10-year Treasury yield fell 4 basis points to 4.22%. The 2-year yield dropped 3 basis points to 4.68%. This flattening yield curve suggests markets see the Fed on hold for longer. Gold prices edged higher, rising 0.3% to $2,045 per ounce. Equity markets rallied. The S&P 500 gained 0.8%, reaching a new all-time high. The Nasdaq climbed 1.1%. Investors welcomed the Fed’s dovish tone. They interpreted the removal of tightening bias as supportive for risk assets. US GDP Data: The Next Major Catalyst The first major test for the US Dollar Index comes with the third-quarter GDP revision. The Bureau of Economic Analysis releases the final estimate on Thursday. The initial reading showed the economy grew at an annualized rate of 5.2%. This was the fastest pace since Q4 2021. Economists expect a slight downward revision to 5.1%. Consumer spending and business investment remain strong. However, inventory accumulation and net exports may drag on growth. A stronger-than-expected print could boost the dollar. It would reinforce the narrative of a resilient US economy. A weaker number might pressure the dollar. It would raise concerns about the sustainability of growth. The US Dollar Index could break below 104 if GDP data disappoints. Traders should watch for any changes in personal consumption expenditures within the report. What the GDP Data Means for the Fed The Fed’s dual mandate includes maximum employment and stable prices. Strong GDP growth supports the employment side. It gives the Fed room to keep rates higher for longer. Conversely, a sharp slowdown could accelerate rate cut expectations. Markets currently price a 60% chance of a cut by May 2025. A robust GDP print could push that probability lower. This would support the US Dollar Index . A weak print could increase cut bets and weigh on the dollar. PCE Data: The Fed’s Preferred Inflation Gauge The second critical release is the November Personal Consumption Expenditures (PCE) price index. The Fed uses this measure to track inflation. The data comes out on Friday. Core PCE, which excludes food and energy, is the key metric. Economists forecast core PCE to rise 0.2% month-over-month. The annual rate is expected to fall to 3.3% from 3.5%. Headline PCE may show a 0.1% monthly increase. The annual headline rate likely drops to 2.8% from 3.0%. These numbers would confirm the disinflation trend. However, they remain above the Fed’s 2% target. The PCE data will influence the dollar’s trajectory. Lower-than-expected inflation could weaken the dollar. It would reinforce expectations of rate cuts. Higher inflation could strengthen the dollar. It would suggest the Fed needs to maintain a restrictive stance. Historical Context and Market Sensitivity The PCE index has been declining since its peak of 7.1% in June 2022. The core measure peaked at 5.6% in February 2023. Progress has been uneven. Services inflation remains sticky. Goods prices have fallen, but services like rent and healthcare keep core elevated. The US Dollar Index is highly sensitive to inflation surprises. In October, a hotter-than-expected CPI report pushed the dollar higher. The index rose from 105.5 to 106.5 in a single day. Conversely, a soft PCE reading in September caused the dollar to drop 0.8%. Traders should prepare for similar volatility this week. The dollar’s reaction will depend on the deviation from forecasts. A 0.1% miss in either direction can move the index by 0.5% or more. Technical Analysis: Key Levels for US Dollar Index The US Dollar Index shows a neutral-to-bearish technical picture. It trades below the 50-day moving average of 105.20. The 200-day moving average sits at 104.00, providing support. The index has formed a descending triangle pattern since October. Key resistance levels include 105.00, 105.50, and 106.00. A break above 105.50 would signal renewed bullish momentum. Support levels are at 104.00, 103.50, and 103.00. A break below 104.00 could trigger a sell-off toward 103.00. The Relative Strength Index (RSI) reads 48, indicating neutral momentum. The MACD shows a bearish crossover. Volume has been declining, suggesting indecision. The upcoming data releases will likely break this range. Comparison with Major Currency Pairs The dollar’s performance varies across pairs. EUR/USD remains range-bound between 1.0800 and 1.0950. USD/JPY has risen from 146 to 148, driven by yield differentials. GBP/USD holds above 1.2700, supported by sticky UK inflation. The US Dollar Index weights heavily toward the euro (57.6%). Therefore, EUR/USD movements dominate the index. The yen (13.6%), pound (11.9%), and other currencies have smaller impacts. Traders should monitor these pairs for divergences. Global Context and Risk Factors Several external factors could influence the US Dollar Index beyond US data. Geopolitical tensions in the Middle East remain elevated. The conflict between Israel and Hamas continues. Any escalation could trigger safe-haven demand for the dollar. China’s economic slowdown also poses risks. Weak manufacturing data and property sector troubles weigh on global growth. A sharper slowdown could boost the dollar as a safe haven. However, it could also reduce US export demand, weighing on GDP. European Central Bank and Bank of England meetings next week add uncertainty. Both central banks are expected to hold rates. Any dovish surprises could weaken their currencies and boost the dollar. Expert Perspectives and Institutional Views Major banks have mixed outlooks for the US Dollar Index . Goldman Sachs expects the dollar to weaken in 2025 as the Fed cuts rates. They forecast the index falling to 102 by year-end. Morgan Stanley is more bullish. They see the dollar staying strong due to US economic outperformance. BlackRock recommends a neutral dollar position. They cite competing forces of strong growth and falling inflation. JPMorgan advises hedging dollar exposure ahead of the data releases. They note that positioning is stretched, increasing the risk of sharp reversals. Conclusion The US Dollar Index holds steady after the Fed’s decision to keep rates unchanged. All eyes now turn to US GDP and PCE data. These releases will determine the dollar’s next direction. Strong growth and sticky inflation could support the dollar. Weak data could trigger a sell-off. Traders should prepare for increased volatility. The US Dollar Index remains at a critical juncture. The coming days will provide clarity on the Fed’s next move and the dollar’s trajectory. FAQs Q1: Why did the US Dollar Index hold steady after the Fed decision? The Fed held rates unchanged as expected. Markets had already priced in this outcome. The dollar showed minimal reaction because the decision was fully anticipated. Traders now focus on upcoming economic data. Q2: What is the significance of US GDP data for the dollar? GDP data reflects the health of the US economy. Strong growth supports the dollar by reinforcing the Fed’s higher-for-longer stance. Weak growth pressures the dollar by raising rate cut expectations. Q3: How does PCE data affect the US Dollar Index? PCE is the Fed’s preferred inflation measure. Lower inflation weakens the dollar by increasing rate cut bets. Higher inflation strengthens the dollar by keeping the Fed hawkish. Q4: What are the key technical levels for the US Dollar Index? Key support is at 104.00 and 103.50. Key resistance is at 105.00 and 105.50. A break above 105.50 is bullish. A break below 104.00 is bearish. Q5: What other factors could influence the dollar this week? Geopolitical tensions, China’s economy, and central bank meetings in Europe and the UK could all impact the dollar. Safe-haven demand and global growth concerns remain important drivers. This post US Dollar Index Holds Steady After Fed Hold: Traders Brace for GDP and PCE Data Shock first appeared on BitcoinWorld .

30 Apr 2026, 02:50

Bitcoin SV (BSV) Price Prediction 2026, 2027-2030: Critical Analysis of the $100 Target

BitcoinWorld Bitcoin SV (BSV) Price Prediction 2026, 2027-2030: Critical Analysis of the $100 Target Investors and analysts continue to debate the Bitcoin SV price prediction for 2026 and beyond. The core question remains: can BSV reach the $100 mark within this decade? This article provides a data-driven, journalistic examination of the factors influencing BSV’s trajectory. We analyze on-chain metrics, network developments, regulatory shifts, and broader market cycles to offer a realistic outlook. The analysis avoids speculation and focuses on verifiable trends and expert consensus. Understanding Bitcoin SV (BSV) and Its Market Position Bitcoin SV emerged from a hard fork of Bitcoin Cash in November 2018. Its creators aimed to restore the original Bitcoin protocol as described in Satoshi Nakamoto’s white paper. The ‘SV’ stands for ‘Satoshi Vision.’ The network prioritizes large block sizes, aiming for massive on-chain scalability. This design supports high transaction throughput and low fees. Consequently, BSV targets enterprise-level data applications and micropayments. Its market position, however, remains distinct from Bitcoin (BTC) and Bitcoin Cash (BCH). The BSV price forecast often diverges from these assets due to its unique technical roadmap and community focus. Bitcoin SV Price Prediction 2026: Key Catalysts and Hurdles Looking specifically at the BSV price prediction 2026 , several critical factors emerge. First, the network’s adoption for enterprise data storage and timestamping plays a crucial role. Second, the overall cryptocurrency market cycle, particularly Bitcoin’s halving effects, influences all altcoins. Third, regulatory clarity regarding digital assets will shape investor confidence. Each of these elements presents both opportunities and significant risks. On-Chain Activity and Network Utility Transaction volume on the BSV blockchain directly impacts its valuation. A higher number of transactions signals real-world utility. For example, the BSV network has processed millions of transactions in single days, far exceeding Bitcoin’s capacity. This demonstrates the technical feasibility of its scaling approach. However, sustained, organic demand from businesses remains a critical metric to watch. Without consistent enterprise use, the BSV price may struggle to decouple from speculative trading. Macroeconomic and Regulatory Environment The global regulatory landscape for cryptocurrencies is rapidly evolving. By 2026, many jurisdictions may have clearer frameworks for digital assets. Positive regulation could unlock institutional investment in BSV. Conversely, restrictive policies could limit its growth. The asset’s association with controversial figures, including Craig Wright, adds a layer of reputational risk. This factor often creates volatility that is independent of market fundamentals. BSV Price Prediction 2027-2030: Long-Term Trajectory Projecting the BSV price prediction 2027-2030 requires examining technological milestones and market adoption curves. The network’s roadmap includes further scaling to handle tens of thousands of transactions per second. If this technical goal is achieved and adopted, the value proposition strengthens. Analysts often compare BSV’s potential to that of a global data ledger rather than just a currency. Will BSV Hit $100? A Realistic Assessment The question ‘Will BSV hit $100?’ demands a balanced view. Reaching $100 from current levels represents a significant percentage increase. Historical data shows that BSV has reached higher prices during previous bull runs. For instance, BSV traded above $400 in early 2020 and again in late 2021. Therefore, the $100 level is not unprecedented. Achieving it again, however, requires a confluence of positive factors: a strong bull market, increased network utility, and improved sentiment. The BSV forecast for 2030 suggests that $100 is a plausible, though not guaranteed, target. Technical Analysis and Price History Context Examining BSV’s price history provides essential context. The asset has experienced extreme volatility, characteristic of the cryptocurrency market. Key support and resistance levels have formed around psychological round numbers. The $100 mark serves as both a psychological barrier and a potential breakout point. Technical indicators, such as moving averages and relative strength index (RSI), offer short-term signals. However, long-term BSV price predictions rely more heavily on fundamental developments. Comparison with Bitcoin and Bitcoin Cash Understanding BSV requires comparing it to its peers. Bitcoin remains the dominant store of value. Bitcoin Cash focuses on peer-to-peer electronic cash. BSV differentiates itself through its enterprise data focus. This differentiation means its price action does not always correlate with BTC or BCH. Investors should analyze BSV’s unique metrics, such as average block size and transaction composition, rather than relying solely on Bitcoin’s trends. Expert Perspectives and Market Sentiment Industry analysts hold divergent views on BSV’s future. Some highlight its technical capabilities and potential to disrupt data markets. Others point to governance controversies and lower exchange liquidity as major risks. A consensus among neutral observers suggests that BSV’s price will remain highly correlated with overall market sentiment. The Bitcoin SV price prediction from several crypto research firms places a potential range between $50 and $150 by 2030, contingent on network growth. Conclusion The Bitcoin SV price prediction for 2026 through 2030 hinges on a delicate balance of technology, adoption, and regulation. The $100 target is achievable but not certain. Investors should monitor on-chain activity, regulatory developments, and the network’s ability to secure enterprise partnerships. The asset’s unique focus on scalable data infrastructure provides a distinct value proposition. However, significant risks remain, including market volatility and reputational challenges. A prudent approach involves diversified research and a long-term perspective. Ultimately, BSV’s price will reflect its real-world utility and the broader evolution of the digital asset ecosystem. FAQs Q1: What is the most important factor for the BSV price prediction in 2026? The most important factor is the adoption of BSV for enterprise data applications. Increased on-chain transaction volume from real businesses directly supports the network’s value proposition and can drive price appreciation. Q2: Is it realistic to expect BSV to reach $100 by 2030? Yes, it is a realistic possibility, but not a guarantee. BSV has traded above $100 in previous market cycles. Reaching this level again requires a strong overall crypto bull market and continued network development. Q3: How does the BSV price forecast differ from Bitcoin’s? BSV’s forecast is more dependent on its specific utility as a data ledger, whereas Bitcoin’s forecast is primarily driven by its store-of-value narrative and macro-economic factors. Their price actions can diverge significantly. Q4: What are the biggest risks to the BSV price prediction? The biggest risks include regulatory uncertainty, reputational issues related to its leadership, lower liquidity compared to major cryptocurrencies, and the potential for competing blockchain technologies to capture the enterprise data market. Q5: Where can I find reliable data for my own BSV price analysis? Reliable data sources include blockchain explorers for on-chain metrics, major cryptocurrency exchanges for price and volume data, and financial news platforms that cover digital assets. Always cross-reference information from multiple sources. This post Bitcoin SV (BSV) Price Prediction 2026, 2027-2030: Critical Analysis of the $100 Target first appeared on BitcoinWorld .

30 Apr 2026, 02:35

Curve DAO Token (CRV) Price Prediction 2026-2030: Can CRV Finally Break Its Long-Term Range?

BitcoinWorld Curve DAO Token (CRV) Price Prediction 2026-2030: Can CRV Finally Break Its Long-Term Range? Curve DAO Token (CRV) has traded within a well-defined price range for several years. Many investors now ask: can CRV break its long-term range? This article provides a data-driven Curve DAO Token price prediction for 2026, 2027, 2028, 2029, and 2030. We analyze on-chain metrics, DeFi trends, and tokenomics to offer a realistic outlook. Understanding Curve DAO Token (CRV) and Its Long-Term Range Curve Finance operates as a decentralized exchange (DEX) optimized for stablecoin trading. Its native token, CRV, serves governance and fee-sharing purposes. Since its launch, CRV has exhibited a distinct price pattern. It has repeatedly tested support near $0.40 and resistance around $6.00. This long-term range has held for over three years. Several factors contribute to this range-bound behavior. First, the total supply of CRV is capped at 3.03 billion tokens. Second, a significant portion of tokens remains locked in vesting contracts. Third, market sentiment toward DeFi has fluctuated dramatically. These elements create a stable but constrained price environment. Breaking this range requires a catalyst. Key drivers include increased DeFi adoption, new protocol integrations, or a broader crypto bull market. Without such triggers, CRV may continue oscillating within its established boundaries. CRV Price Prediction 2026: A Year of Consolidation or Breakout? For 2026, analysts predict a mixed outlook. The macro environment for cryptocurrencies remains uncertain. Regulatory clarity in major economies like the US and EU could boost confidence. Conversely, high interest rates might suppress risk appetite. On-chain data reveals steady but unspectacular growth. Total value locked (TVL) on Curve Finance has stabilized around $3-5 billion. This provides a solid foundation but not explosive growth. The CRV token price may trade between $0.50 and $2.50 in 2026. Key events to watch include the launch of Curve’s L2 solutions and partnerships with traditional finance. These could drive demand for CRV. However, the token must first break above the $3.00 resistance level to confirm a bullish trend. CRV Price Forecast 2027: Potential for a Range Break By 2027, the DeFi sector may mature significantly. More institutional investors could enter the space. Curve Finance, as a leading DEX, would benefit from this trend. The CRV token price could then attempt a breakout above $4.00. Technical analysis suggests a bullish pattern. The Relative Strength Index (RSI) has formed higher lows over the past year. This indicates weakening selling pressure. If buying volume increases, CRV could rally toward $5.50 by late 2027. However, risks remain. Competition from other DEXs like Uniswap and SushiSwap intensifies. Curve must maintain its dominance in stablecoin trading. Any security breach or governance failure could derail the price recovery. Tokenomics and Supply Dynamics CRV’s inflation rate decreases over time. The current annual inflation is around 20%, but it will drop to 10% by 2027. This reduced supply growth supports higher prices. Additionally, the team holds a large reserve of unlocked tokens. Their selling behavior can significantly impact the market. Voting escrow (veCRV) mechanics lock tokens for up to four years. This reduces circulating supply and aligns incentives. Currently, over 40% of all CRV is locked in veCRV contracts. This creates a natural price floor during market downturns. CRV Price Prediction 2028: The Halving Effect and Market Cycles The Bitcoin halving in 2028 could trigger a broader crypto bull run. Historically, altcoins follow Bitcoin’s lead. CRV might surge to $8.00 or higher during this period. The long-term range would finally break to the upside. DeFi protocols may also see increased usage. Real-world asset (RWA) tokenization is a growing trend. Curve could become a key liquidity provider for these assets. This would boost CRV demand and utility. Nevertheless, investors should temper expectations. Not all tokens recover to all-time highs. CRV’s previous peak of $6.50 may act as strong resistance. A sustained breakout above $7.00 requires exceptional market conditions. CRV Price Forecast 2029-2030: Long-Term Value Proposition Looking toward 2030, CRV’s price depends on the overall adoption of decentralized finance. If DeFi becomes mainstream, Curve Finance could process trillions in trading volume. CRV tokens would then be highly valuable for governance and fee discounts. Price predictions for 2030 range from $10 to $20. These figures assume a mature market with clear regulations. They also factor in reduced token inflation and increased locked supply. However, a bear case exists. If DeFi fails to gain traction, CRV may trade below $1.00. Competition from centralized exchanges and regulatory crackdowns pose existential risks. Investors must weigh these possibilities carefully. Expert Opinions and Market Sentiment Several crypto analysts have shared their views. A prominent DeFi researcher notes that CRV’s fundamentals remain strong. The protocol generates consistent fees and has a loyal user base. Yet, the token’s price action has been disappointing. Another expert highlights the importance of the veCRV model. It creates a strong incentive to hold and vote. This reduces selling pressure and could lead to a supply squeeze. If demand increases, prices could rise sharply. Conclusion The Curve DAO Token (CRV) price prediction for 2026-2030 hinges on multiple factors. The token’s long-term range may break if DeFi adoption accelerates. Key levels to watch are $0.40 support and $6.00 resistance. A breakout above $6.00 could lead to new all-time highs. Conversely, a breakdown below $0.40 would signal bearish trends. Investors should monitor on-chain metrics, regulatory developments, and market cycles. CRV offers a compelling risk-reward profile for those with a long-term horizon. FAQs Q1: What is the Curve DAO Token (CRV) price prediction for 2026? A: For 2026, CRV is expected to trade between $0.50 and $2.50, depending on market conditions and DeFi adoption. Q2: Can CRV break its long-term range? A: Yes, a breakout above $6.00 resistance is possible if DeFi adoption accelerates and market sentiment turns bullish. Q3: What factors influence CRV’s price? A: Key factors include total value locked on Curve Finance, token inflation rate, veCRV locking, and broader crypto market trends. Q4: Is CRV a good long-term investment? A: CRV has strong fundamentals with a proven DeFi protocol. However, it carries risks from competition and regulatory uncertainty. Q5: What is the maximum supply of CRV? A: The maximum supply is 3.03 billion tokens, with inflation decreasing over time to approach zero. This post Curve DAO Token (CRV) Price Prediction 2026-2030: Can CRV Finally Break Its Long-Term Range? first appeared on BitcoinWorld .

30 Apr 2026, 02:31

Bitcoin Price Weakness Grows, Traders Brace For Further Downside

Bitcoin price started a fresh decline below the $76,500 zone. BTC is consolidating and might struggle to stay above the $75,000 support. Bitcoin failed to stay above $76,500 and extended losses. The price is trading below $76,200 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $77,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $76,500 and $77,200 levels. Bitcoin Price Dips Again Bitcoin price failed to stay above the $76,500 support zone . BTC remained in a bearish zone and extended losses below the $76,000 level. There was a move below the $75,500 level. The price even dipped below $75,000. A low was formed at $74,940 and the price is now consolidating losses. There was a minor increase above the 23.6% Fib retracement level of the downward move from the $77,888 swing high to the $74,940 low. Bitcoin is now trading below $76,500 and the 100 hourly simple moving average . If the price remains stable above $75,000, it could attempt a fresh increase. Immediate resistance is near the $76,400 level or the 50% Fib retracement level of the downward move from the $77,888 swing high to the $74,940 low. The first key resistance is near the $77,200 level. There is also a bearish trend line forming with resistance at $77,200 on the hourly chart of the BTC/USD pair. A close above the $77,200 resistance might send the price further higher. In the stated case, the price could rise and test the $77,650 resistance. Any more gains might send the price toward the $78,000 level. The next barrier for the bulls could be $78,500. Downside Extension In BTC? If Bitcoin fails to rise above the $77,200 resistance zone, it could start another decline. Immediate support is near the $75,500 level. The first major support is near the $75,250 level. The next support is now near the $75,000 zone. Any more losses might send the price toward the $74,200 support in the near term. The main support now sits at $73,500, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $75,500, followed by $75,000. Major Resistance Levels – $76,400 and $77,200.