{"id":105983,"date":"2025-10-20T03:15:41","date_gmt":"2025-10-20T03:15:41","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=105983"},"modified":"2025-10-20T03:15:41","modified_gmt":"2025-10-20T03:15:41","slug":"bitcoin-price-stabilizes-after-drop-early-signs-of-recovery-emerge","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=105983","title":{"rendered":"Bitcoin Price Stabilizes After Drop \u2014 Early Signs Of Recovery Emerge"},"content":{"rendered":"

Bitcoin price is attempting to recover above $107,500 and $108,000. BTC could continue to move up if it clears the $109,500 resistance zone.<\/em><\/p>\n

Bitcoin started a fresh recovery wave above the $105,000 resistance level.
\nThe price is trading above $108,000 and the 100 hourly Simple moving average.
\nThere was a break above a bearish trend line with resistance at $107,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might continue to move up if it trades above the $109,500 zone.<\/p>\n

Bitcoin Price Eyes Recovery<\/h2>\n

Bitcoin price failed to surpass the $110,000 resistance level and started a fresh decline<\/a>. BTC dipped below the $108,000 and $106,500 support levels to enter a bearish zone.<\/p>\n

The price even dipped below $105,000. A low was formed at $103,583 and the price is correcting some losses. There was a move above the 23.6% Fib retracement level of the recent decline from the $115,975 swing high to the $103,583 low.<\/p>\n

Besides, there was a break above a bearish trend line with resistance at $107,500 on the hourly chart of the BTC\/USD pair. Bitcoin is now trading above $108,000 and the 100 hourly Simple moving average<\/a>.<\/p>\n

Immediate resistance on the upside is near the $109,500 level. The first key resistance is near the $110,000 level. The next resistance could be $111,250 and the 61.8% Fib retracement level of the recent decline from the $115,975 swing high to the $103,583 low.<\/p>\n

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

A close above the $111,250 resistance might send the price further higher. In the stated case, the price could rise and test the $112,500 resistance. Any more gains might send the price toward the $113,200 level. The next barrier for the bulls could be $115,000.<\/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 $103,500, 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 $108,000, followed by $106,500.<\/p>\n

Major Resistance Levels \u2013 $109,500 and $111,250.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price is attempting to recover above $107,500 and $108,000. BTC could continue to move up if it clears the $109,500 resistance zone. Bitcoin started a fresh recovery wave above the $105,000 resistance level. The price is trading above $108,000 and the 100 hourly Simple moving average. There was a break above a bearish trend […]<\/p>\n","protected":false},"author":0,"featured_media":105984,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-105983","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\/105983"}],"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=105983"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/105983\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/105984"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=105983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=105983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=105983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}