{"id":100394,"date":"2025-09-29T02:24:32","date_gmt":"2025-09-29T02:24:32","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=100394"},"modified":"2025-09-29T02:24:32","modified_gmt":"2025-09-29T02:24:32","slug":"bitcoin-bounces-back-could-current-recovery-trigger-fresh-bullish-momentum","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=100394","title":{"rendered":"Bitcoin Bounces Back \u2013 Could Current Recovery Trigger Fresh Bullish Momentum?"},"content":{"rendered":"

Bitcoin price found support near $108,680 and started a recovery wave. BTC is trading above $111,000 and facing hurdles near $112,500.<\/em><\/p>\n

Bitcoin started a fresh recovery wave above the $110,500 zone.
\nThe price is trading above $110,500 and the 100 hourly Simple moving average.
\nThere was a break above a connecting bearish trend line with resistance at $109,600 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might continue to move up if it clears the $112,500 zone.<\/p>\n

Bitcoin Price Starts Recovery<\/h2>\n

Bitcoin price managed to stay above the $108,500 zone and started a recovery wave<\/a>. BTC settled above the $109,500 resistance zone to start the current move.<\/p>\n

There was a clear move above the 50% Fib retracement level of the downward wave from the $113,940 swing high to the $108,680 low. Besides, there was a break above a connecting bearish trend line with resistance at $109,600 on the hourly chart of the BTC\/USD pair.<\/p>\n

The bulls even pushed the price above $112,000 before the bears appeared<\/a>. Bitcoin is now trading above $111,500 and the 100 hourly Simple moving average.<\/p>\n

Immediate resistance on the upside is near the $112,400 level. The first key resistance is near the $112,500 level and another trend line. The next resistance could be $113,700 or the 76.4% Fib retracement level of the downward wave from the $113,940 swing high to the $108,680 low.<\/p>\n

<\/a><\/p>\n

A close above the $112,700 resistance might send the price further higher. In the stated case, the price could rise and test the $113,500 resistance. Any more gains might send the price toward the $114,500 level. The next barrier for the bulls could be $115,00.<\/p>\n

Another Drop In BTC?<\/h2>\n

If Bitcoin fails to rise above the $112,500 resistance zone, it could start a fresh decline. Immediate support is near the $111,300 level. The first major support is near the $110,500 level.<\/p>\n

The next support is now near the $109,500 zone. Any more losses might send the price toward the $108,800 support in the near term. The main support sits at $107,500, below which BTC might struggle to recover in the short term.<\/p>\n

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone.<\/p>\n

Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n

Major Support Levels \u2013 $111,300, followed by $110,500.<\/p>\n

Major Resistance Levels \u2013 $112,500 and $112,700.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price found support near $108,680 and started a recovery wave. BTC is trading above $111,000 and facing hurdles near $112,500. Bitcoin started a fresh recovery wave above the $110,500 zone. The price is trading above $110,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with […]<\/p>\n","protected":false},"author":0,"featured_media":100395,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-100394","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/100394"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=100394"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/100394\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/100395"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=100394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=100394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=100394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}