Bitcoin

<ul> 
 <li><strong>Institutional investors remain divided on the crypto market, with mild inflows and outflows.</strong></li> 
 <li><strong>The Bitcoin price is consolidating around the $25,820 level.</strong></li> 
</ul> 
<p>After breaking below the support level of $26,000 earlier this week, Bitcoin is still under selling pressure. However, for few traders this would be a good moment to purchase the dips.</p> 
<p>The latest CoinShares data shows that institutional investors remain divided on the cryptocurrency market, with mild inflows and outflows over the previous week. This is encouraging news for Bitcoin’s long-term viability, since it points to a shift toward more steady, professional investment behaviors.</p> 
<p>Over the previous day, <a href="https://thenewscrypto.com/bitcoin-btc-below-25k-possible-in-current-downtrend/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin’s</a> price has been trading in red, hovering below the $26,000 mark. Most altcoins also deal with a similar fate. Exactly a week ago, BTC had a significant price increase in months. Grayscale’s victory against the <a href="https://thenewscrypto.com/altcoin-news-ripple-files-opposition-against-secs-appeal-in-xrp-lawsuit/" target="_blank" rel="noopener noreferrer nofollow">SEC</a> in a US court sparked the surge that drove the price to nearly $28,000.</p> 
<h3 class="wp-block-heading" id="h-further-decline-likely">Further Decline Likely?</h3> 
<p>After the SEC decided to hold off on a ruling on all pending spot Bitcoin ETF applications, however, the excitement swiftly dissipated. Bitcoin dropped by $1000 the next day and additional $1500 the day after.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full"> 
  <img decoding="async" width="661" height="356" src="https://thenewscrypto.com/wp-content/uploads/2023/09/BTC_7D_graph_coinmarketcap.png" alt="" class="wp-image-81755" srcset="https://thenewscrypto.com/wp-content/uploads/2023/09/BTC_7D_graph_coinmarketcap.png 661w, https://thenewscrypto.com/wp-content/uploads/2023/09/BTC_7D_graph_coinmarketcap-300x162.png 300w, https://thenewscrypto.com/wp-content/uploads/2023/09/BTC_7D_graph_coinmarketcap-150x81.png 150w" sizes="(max-width: 661px) 100vw, 661px"> 
  <figcaption class="wp-element-caption">
    Source: <a href="http://CoinMarketCap.com" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a> 
  </figcaption> 
 </figure> 
</div> 
<p>At the time of writing Bitcoin is trading at $25,765, down 0.74% in the last 24 hours as per data from CMC. Moreover, the trading volume of BTC is up 12.56%.</p> 
<p>The price is consolidating around the $25,820 level. If price manages to clearly break the key support level of $25,150 then further decline is likely. The next support level would be $22,430. On the upside, if the price manages to break above the key resistance level of $26,000 then a fresh rally towards $27,000 is on the cards.</p>

Bitcoin Price Hovers Below $26,000 Mark Amid Bear Dominance

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