{"id":102622,"date":"2025-10-07T02:08:21","date_gmt":"2025-10-07T02:08:21","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=102622"},"modified":"2025-10-07T02:08:21","modified_gmt":"2025-10-07T02:08:21","slug":"bitcoin-price-surges-to-new-peak-what-could-fuel-the-next-leg-up","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=102622","title":{"rendered":"Bitcoin Price Surges To New Peak \u2013 What Could Fuel The Next Leg Up?"},"content":{"rendered":"

Bitcoin price started a strong increase and traded above $126,000. BTC is now consolidating gains and might aim for more gains in the short term.<\/em><\/p>\n

Bitcoin started a major increase above the $125,000 zone.
\nThe price is trading above $124,000 and the 100 hourly Simple moving average.
\nThere is a short-term bullish trend line forming with support at $124,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might continue to move up if it clears the $125,500 zone.<\/p>\n

Bitcoin Price Sets New ATH<\/h2>\n

Bitcoin price managed to stay above the $122,000 zone and started a fresh increase<\/a>. BTC settled above the $123,500 resistance zone to start the current move.<\/p>\n

The bulls were able to pump the price above the $125,000 and $125,500 levels. They even cleared the $126,000 level. A new high was formed at $126,198 before there was a minor pullback. The price traded below the 23.6% Fib retracement level of the recent wave from the $122,230 swing low to the $126,198 high.<\/p>\n

Bitcoin is now trading above $124,000 and the 100 hourly Simple moving average<\/a>. Besides, there is a short-term bullish trend line forming with support at $124,200 on the hourly chart of the BTC\/USD pair.<\/p>\n

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

Immediate resistance on the upside is near the $125,250 level. The first key resistance is near the $125,500 level. The next resistance could be $126,200. A close above the $126,200 resistance might send the price further higher. In the stated case, the price could rise and test the $126,500 resistance. Any more gains might send the price toward the $128,000 level. The next barrier for the bulls could be $130,000.<\/p>\n

Downside Correction In BTC?<\/h2>\n

If Bitcoin fails to rise above the $125,500 resistance zone, it could start a fresh decline. Immediate support is near the $124,200 level and the trend line. The first major support is near the $123,250 level or the 76.4% Fib retracement level of the recent wave from the $122,230 swing low to the $126,198 high.<\/p>\n

The next support is now near the $122,500 zone. Any more losses might send the price toward the $121,200 support in the near term. The main support sits at $120,500, 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 $124,200, followed by $123,250.<\/p>\n

Major Resistance Levels \u2013 $125,500 and $126,500.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a strong increase and traded above $126,000. BTC is now consolidating gains and might aim for more gains in the short term. Bitcoin started a major increase above the $125,000 zone. The price is trading above $124,000 and the 100 hourly Simple moving average. There is a short-term bullish trend line forming […]<\/p>\n","protected":false},"author":0,"featured_media":102623,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-102622","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\/102622"}],"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=102622"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/102622\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/102623"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=102622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=102622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=102622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}