{"id":100723,"date":"2025-09-30T02:50:48","date_gmt":"2025-09-30T02:50:48","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=100723"},"modified":"2025-09-30T02:50:48","modified_gmt":"2025-09-30T02:50:48","slug":"bitcoin-price-bounces-higher-clears-resistance-but-next-barrier-still-looms","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=100723","title":{"rendered":"Bitcoin Price Bounces Higher \u2013 Clears Resistance, But Next Barrier Still Looms"},"content":{"rendered":"

Bitcoin price started a recovery wave and traded above $114,000. BTC is trading above $114,000 and facing hurdles near $115,000.<\/em><\/p>\n

Bitcoin started a fresh recovery wave above the $113,500 zone.
\nThe price is trading above $114,000 and the 100 hourly Simple moving average.
\nThere was a break above a key bearish trend line with resistance at $112,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might continue to move up if it clears the $115,000 zone.<\/p>\n

Bitcoin Price Gains Traction<\/h2>\n

Bitcoin price managed to stay above the $110,500 zone and started a recovery wave<\/a>. BTC settled above the $112,500 resistance zone to start the current move.<\/p>\n

The bulls were able to pump the price above the $113,500 and $114,000 levels. Besides, there was a break above a key bearish trend line with resistance at $112,200 on the hourly chart of the BTC\/USD pair. The bulls even cleared the $114,000 level.<\/p>\n

A high was formed at $114,771 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $108,677 swing low to the $114,771 high. Bitcoin is now trading above $114,000 and the 100 hourly Simple moving average<\/a>.<\/p>\n

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

Immediate resistance on the upside is near the $114,750 level. The first key resistance is near the $115,000 level. The next resistance could be $115,500. A close above the $115,500 resistance might send the price further higher. In the stated case, the price could rise and test the $116,500 resistance. Any more gains might send the price toward the $117,500 level. The next barrier for the bulls could be $118,00.<\/p>\n

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

If Bitcoin fails to rise above the $115,000 resistance zone, it could start a fresh decline. Immediate support is near the $113,500 level. The first major support is near the $112,500 level.<\/p>\n

The next support is now near the $111,750 zone. Any more losses might send the price toward the $111,200 support in the near term. The main support sits at $110,500, 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 $113,500, followed by $112,500.<\/p>\n

Major Resistance Levels \u2013 $114,750 and $115,000.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a recovery wave and traded above $114,000. BTC is trading above $114,000 and facing hurdles near $115,000. Bitcoin started a fresh recovery wave above the $113,500 zone. The price is trading above $114,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance […]<\/p>\n","protected":false},"author":0,"featured_media":100724,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-100723","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\/100723"}],"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=100723"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/100723\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/100724"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=100723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=100723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=100723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}