{"id":105448,"date":"2025-10-17T02:21:33","date_gmt":"2025-10-17T02:21:33","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=105448"},"modified":"2025-10-17T02:21:33","modified_gmt":"2025-10-17T02:21:33","slug":"bitcoin-price-dips-deeper-into-red-traders-eye-next-support-near-105500","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=105448","title":{"rendered":"Bitcoin Price Dips Deeper Into Red \u2014 Traders Eye Next Support Near $105,500"},"content":{"rendered":"

Bitcoin price is struggling to settle above $112,500 and $113,000. BTC is now moving lower and might start another decline below $108,000.<\/em><\/p>\n

Bitcoin started a fresh decline after it failed to clear the $113,000 resistance level.
\nThe price is trading below $110,000 and the 100 hourly Simple moving average.
\nThere is a bearish trend line forming with resistance at $110,500 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 $107,500 zone.<\/p>\n

Bitcoin Price Dips Again<\/h2>\n

Bitcoin price failed to surpass the $113,000 resistance level and started a fresh decline<\/a>. BTC dipped below the $112,000 and $110,500 support levels to enter a bearish zone.<\/p>\n

The price even dipped below $108,000. A low was formed at $107,483 and the price is now consolidating losses below the 23.6% Fib retracement level of the recent decline from the $115,975 swing high to the $107,483 low.<\/p>\n

Bitcoin is now trading below $110,000 and the 100 hourly Simple moving average<\/a>. Besides, there is a bearish trend line forming with resistance at $110,500 on the hourly chart of the BTC\/USD pair. Immediate resistance on the upside is near the $109,500 level.<\/p>\n

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

The first key resistance is near the $110,000 level. The next resistance could be $110,500 and the trend line. A close above the $110,500 resistance might send the price further higher. In the stated case, the price could rise and test the $111,800 resistance since it is close to the 50% Fib retracement level of the recent decline from the $115,975 swing high to the $107,483 low. Any more gains might send the price toward the $112,500 level. The next barrier for the bulls could be $113,000.<\/p>\n

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

If Bitcoin fails to rise above the $110,000 resistance zone, it could start a fresh decline. Immediate support is near the $108,000 level. The first major support is near the $107,500 level.<\/p>\n

The next support is now near the $106,200 zone. Any more losses might send the price toward the $105,500 support in the near term. The main support sits at $103,200, 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 bearish zone.<\/p>\n

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

Major Support Levels \u2013 $108,000, followed by $107,500.<\/p>\n

Major Resistance Levels \u2013 $110,000 and $110,500.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price is struggling to settle above $112,500 and $113,000. BTC is now moving lower and might start another decline below $108,000. Bitcoin started a fresh decline after it failed to clear the $113,000 resistance level. The price is trading below $110,000 and the 100 hourly Simple moving average. There is a bearish trend line […]<\/p>\n","protected":false},"author":0,"featured_media":105449,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-105448","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\/105448"}],"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=105448"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/105448\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/105449"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=105448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=105448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=105448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}