{"id":104169,"date":"2025-10-13T02:22:16","date_gmt":"2025-10-13T02:22:16","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=104169"},"modified":"2025-10-13T02:22:16","modified_gmt":"2025-10-13T02:22:16","slug":"bitcoin-v-shaped-recovery-faces-hurdles-can-bulls-sustain-the-momentum","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=104169","title":{"rendered":"Bitcoin V-Shaped Recovery Faces Hurdles \u2013 Can Bulls Sustain The Momentum?"},"content":{"rendered":"

Bitcoin price corrected losses and traded above the $114,000 level. BTC is now struggling and might face hurdles near the $116,000 level.<\/em><\/p>\n

Bitcoin started a recovery wave above the $113,500 resistance level.
\nThe price is trading below $116,000 and the 100 hourly Simple moving average.
\nThere is a bearish trend line forming with resistance at $119,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might continue to move down if it trades below the $113,500 zone.<\/p>\n

Bitcoin Price Starts Recovery<\/h2>\n

Bitcoin price started a recovery wave<\/a> after a massive liquidation event below $110,000. BTC recovered above the $111,500 and $112,000 resistance levels.<\/p>\n

The price climbed above the 50% Fib retracement level of the sharp decline from the $123,750 swing high to the $100,000 low. The bulls even pushed the price above the $113,500 resistance level. However, there are many hurdles on the upside.<\/p>\n

Bitcoin is now trading below $116,500 and the 100 hourly Simple moving average<\/a>. Besides, there is a bearish trend line forming with resistance at $119,500 on the hourly chart of the BTC\/USD pair.<\/p>\n

Immediate resistance on the upside is near the $116,000 level. The first key resistance is near the $116,250 level. The next resistance could be $118,000 and the 76.4% Fib retracement level of the sharp decline from the $123,750 swing high to the $100,000 low.<\/p>\n

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

A close above the $118,000 resistance might send the price further higher. In the stated case, the price could rise and test the $119,500 resistance and the trend line. Any more gains might send the price toward the $120,000 level. The next barrier for the bulls could be $122,500.<\/p>\n

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

If Bitcoin fails to rise above the $116,000 resistance zone, it could start a fresh decline. Immediate support is near the $114,000 level. The first major support is near the $113,500 level.<\/p>\n

The next support is now near the $113,500 zone. Any more losses might send the price toward the $112,500 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 $116,000 and $118,000.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price corrected losses and traded above the $114,000 level. BTC is now struggling and might face hurdles near the $116,000 level. Bitcoin started a recovery wave above the $113,500 resistance level. The price is trading below $116,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at […]<\/p>\n","protected":false},"author":0,"featured_media":104170,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-104169","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\/104169"}],"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=104169"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/104169\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/104170"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=104169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=104169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=104169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}