--- title: "Bitcoin Price Dips Further Below $80K—Bears Tighten Grip On Market" type: "News" locale: "en" url: "https://longbridge.com/en/news/286346798.md" description: "Bitcoin's price has dipped below $80,500, struggling to maintain support at $78,800. Currently trading under $80,000, BTC faces resistance at $80,700. If it fails to rise above $80,500, further declines may occur, with immediate support at $79,200 and major support at $78,800. A close above $80,700 could lead to a rise towards $81,200 and potentially $82,000. Technical indicators show a bearish trend, with the MACD losing pace and the RSI below 50." datetime: "2026-05-14T02:37:55.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286346798.md) - [en](https://longbridge.com/en/news/286346798.md) - [zh-HK](https://longbridge.com/zh-HK/news/286346798.md) --- # Bitcoin Price Dips Further Below $80K—Bears Tighten Grip On Market _Bitcoin price started a fresh decline below the $80,500 zone. BTC is consolidating and might struggle to stay above the $78,800 support._ - Bitcoin failed to stay above $80,500 and extended losses. - The price is trading below $80,000 and the 100 hourly simple moving average. - There is a bearish trend line forming with resistance at $80,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). - The pair might extend losses if it stays below the $80,500 and $81,200 levels. **Bitcoin Price Dips Further** Bitcoin price failed to stay above the $80,500 support zone. BTC remained in a bearish zone and extended losses below the $80,000 level. There was a move below the $79,500 level. The price even dipped below $79,000. A low was formed at $78,720 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 $81,250 swing high to the $78,720 low. Bitcoin is now trading below $80,500 and the 100 hourly simple moving average. If the price remains stable above $79,000, it could attempt a fresh increase. Immediate resistance is near the $80,000 level or the 50% Fib retracement level of the downward move from the $81,250 swing high to the $78,720 low. The first key resistance is near the $80,500 level. There is also a bearish trend line forming with resistance at $80,700 on the hourly chart of the BTC/USD pair. A close above the $80,700 resistance might send the price further higher. In the stated case, the price could rise and test the $81,200 resistance. Any more gains might send the price toward the $82,000 level. The next barrier for the bulls could be $82,500. **Downside Extension In BTC?** If Bitcoin fails to rise above the $80,500 resistance zone, it could start another decline. Immediate support is near the $79,200 level. The first major support is near the $78,800 level. The next support is now near the $78,000 zone. Any more losses might send the price toward the $76,200 support in the near term. The main support now sits at $75,500, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $79,200, followed by $78,800. Major Resistance Levels – $80,000 and $80,700. ### Related Stocks - [BTC.US](https://longbridge.com/en/quote/BTC.US.md) - [GBTC.US](https://longbridge.com/en/quote/GBTC.US.md) - [RIOT.US](https://longbridge.com/en/quote/RIOT.US.md) - [COIN.US](https://longbridge.com/en/quote/COIN.US.md) - [BITF.US](https://longbridge.com/en/quote/BITF.US.md) - [ABTC.US](https://longbridge.com/en/quote/ABTC.US.md) - [HUT.US](https://longbridge.com/en/quote/HUT.US.md) - [CORZ.US](https://longbridge.com/en/quote/CORZ.US.md) - [GLXY.US](https://longbridge.com/en/quote/GLXY.US.md) - [BITO.US](https://longbridge.com/en/quote/BITO.US.md) - [OWNB.US](https://longbridge.com/en/quote/OWNB.US.md) - [BCOR.US](https://longbridge.com/en/quote/BCOR.US.md) - [BTCW.US](https://longbridge.com/en/quote/BTCW.US.md) - [WGMI.US](https://longbridge.com/en/quote/WGMI.US.md) - [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md) - [BTCHKD.VAHK](https://longbridge.com/en/quote/BTCHKD.VAHK.md) - [BTCUSD.VAHK](https://longbridge.com/en/quote/BTCUSD.VAHK.md) ## Related News & Research - [THORChain confirms $10M exploit, rolls out recovery portal for affected users](https://longbridge.com/en/news/286642125.md) - [Cronos to End BTC App Campaign on June 3rd](https://longbridge.com/en/news/286302717.md) - [Hut 8 Commits $16 Million to Expand Water Infrastructure in West Feliciana Parish | HUT Stock News](https://longbridge.com/en/news/286894933.md) - [10:17 ETBybit uruchamia promocję dla posiadaczy kart Bybit z okazji BTC Pizza DAY](https://longbridge.com/en/news/286581131.md) - [This bitcoin price engine just turned back on](https://longbridge.com/en/news/285977397.md)