{"id":106974,"date":"2025-10-23T04:01:40","date_gmt":"2025-10-23T04:01:40","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=106974"},"modified":"2025-10-23T04:01:40","modified_gmt":"2025-10-23T04:01:40","slug":"bitcoin-price-slides-lower-bears-tighten-grip-amid-weak-market-sentiment","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=106974","title":{"rendered":"Bitcoin Price Slides Lower \u2014 Bears Tighten Grip Amid Weak Market Sentiment"},"content":{"rendered":"

Bitcoin price is attempting to recover above $107,500 and $108,000. BTC could rise further if there is a clear move above the $109,500 barrier.<\/em><\/p>\n

Bitcoin started a fresh recovery wave above the $108,000 resistance level.
\nThe price is trading below $109,000 and the 100 hourly Simple moving average.
\nThere is a short-term declining channel forming with resistance at $108,800 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 Takes Hit<\/h2>\n

Bitcoin price declined again below the $109,500 level. BTC tested the $106,750 zone and is currently consolidating losses<\/a>. A low was formed at $106,717 before the price recovered some losses.<\/p>\n

There was a move above the $107,500 and $108,000 levels. The price climbed above the 23.6% Fib retracement level of the recent decline from the $114,000 swing high to the $106,717 low. However, the bulls are now facing many hurdles.<\/p>\n

Bitcoin is now trading below $109,000 and the 100 hourly Simple moving average<\/a>. Immediate resistance on the upside is near the $108,800 level. There is also a short-term declining channel forming with resistance at $108,800 on the hourly chart of the BTC\/USD pair.<\/p>\n

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

The first key resistance is near the $109,500 level. The next resistance could be $110,500 or the 50% Fib retracement level of the recent decline from the $114,000 swing high to the $106,717 low. A close above the $110,500 resistance might send the price further higher. In the stated case, the price could rise and test the $111,500 resistance. Any more gains might send the price toward the $112,000 level. The next barrier for the bulls could be $113,500.<\/p>\n

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

If Bitcoin fails to rise above the $109,500 resistance zone, it could start a fresh decline. Immediate support is near the $107,200 level. The first major support is near the $106,750 level.<\/p>\n

The next support is now near the $105,800 zone. Any more losses might send the price toward the $105,000 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 losing pace in the bearish zone.<\/p>\n

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

Major Support Levels \u2013 $108,000, followed by $106,750.<\/p>\n

Major Resistance Levels \u2013 $109,500 and $110,500.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price is attempting to recover above $107,500 and $108,000. BTC could rise further if there is a clear move above the $109,500 barrier. Bitcoin started a fresh recovery wave above the $108,000 resistance level. The price is trading below $109,000 and the 100 hourly Simple moving average. There is a short-term declining channel forming […]<\/p>\n","protected":false},"author":0,"featured_media":106975,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-106974","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\/106974"}],"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=106974"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/106974\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/106975"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=106974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=106974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=106974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}