{"id":101450,"date":"2025-10-02T02:51:31","date_gmt":"2025-10-02T02:51:31","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=101450"},"modified":"2025-10-02T02:51:31","modified_gmt":"2025-10-02T02:51:31","slug":"bitcoin-smashes-past-118k-is-stronger-bullish-momentum-now-set-to-begin","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=101450","title":{"rendered":"Bitcoin Smashes Past $118K \u2013 Is Stronger Bullish Momentum Now Set To Begin?"},"content":{"rendered":"

Bitcoin price started a strong increase and traded above $118,000. BTC is now consolidating gains and might correct some points in the short term.<\/em><\/p>\n

Bitcoin started a major increase above the $116,500 zone.
\nThe price is trading above $117,000 and the 100 hourly Simple moving average.
\nThere is a short-term bullish trend line forming with support at $117,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might continue to move up if it clears the $119,500 zone.<\/p>\n

Bitcoin Price Starts Fresh Surge<\/h2>\n

Bitcoin price managed to stay above the $115,000 zone and started a fresh increase<\/a>. BTC settled above the $115,500 resistance zone to start the current move.<\/p>\n

The bulls were able to pump the price above the $117,000 and $118,000 levels. The bulls even cleared the $118,800 level. A high was formed at $119,453 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $112,806 swing low to the $119,453 high.<\/p>\n

Bitcoin is now trading above $117,000 and the 100 hourly Simple moving average<\/a>. Besides, there is a short-term bullish trend line forming with support at $117,000 on the hourly chart of the BTC\/USD pair.<\/p>\n

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

Immediate resistance on the upside is near the $119,000 level. The first key resistance is near the $119,250 level. The next resistance could be $119,500. A close above the $119,500 resistance might send the price further higher. In the stated case, the price could rise and test the $120,500 resistance. Any more gains might send the price toward the $122,500 level. The next barrier for the bulls could be $123,00.<\/p>\n

Pullback In BTC?<\/h2>\n

If Bitcoin fails to rise above the $119,500 resistance zone, it could start a fresh decline. Immediate support is near the $117,000 level and the trend line. The first major support is near the $116,150 level.<\/p>\n

The next support is now near the $115,500 zone. Any more losses might send the price toward the $114,000 support in the near term. The main support sits at $113,500, 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 $117,000, followed by $116,150.<\/p>\n

Major Resistance Levels \u2013 $119,500 and $120,500.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a strong increase and traded above $118,000. BTC is now consolidating gains and might correct some points in the short term. Bitcoin started a major increase above the $116,500 zone. The price is trading above $117,000 and the 100 hourly Simple moving average. There is a short-term bullish trend line forming with […]<\/p>\n","protected":false},"author":0,"featured_media":101451,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-101450","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\/101450"}],"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=101450"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/101450\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/101451"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=101450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=101450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=101450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}