[Bitcoin price](https://cryptopurview.com/live-price/) in the past 4-5 days has declined nearly by 25% from its ATH. It breached multiple key support levels. Currently trading at $44,500, the last rejection was at $52,000.
In the latest trading sessions, the [BTC USD price](https://cryptopurview.com/live-price/) failed to break above the 50% Fib retracement level of $52,100 swing high to $44,150 swing low. [Bitcoin price](https://cryptopurview.com/live-price/) is currently moving lower and likely to retest the $44,000 zone. A break below the support trendline (below $44,000) could put selling pressure with initial support at the $40,000 mark.
If the [Bitcoin USD price](https://cryptopurview.com/live-price/) starts a fresh increase, bulls could face multiple resistance on the upside. The first key resistance is near $48,250. The main resistance is at $50,000. The 4 hour 100-SMA is also at the $50,000 mark.
# Technical indicators:
* 4hour MACD for the [BTC USD pair](https://cryptopurview.com/live-price/) shows signs of bear gaining hold, and 4hour [BTC/USD RSI](https://cryptopurview.com/live-price/) is trending below the 50-level.
* Major support at $44,000 and$ 40,000.
* Major resistance is at 48,250, followed by $50,000 and $52,000.