{"id":107336,"date":"2025-10-24T03:00:54","date_gmt":"2025-10-24T03:00:54","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=107336"},"modified":"2025-10-24T03:00:54","modified_gmt":"2025-10-24T03:00:54","slug":"bitcoin-price-stabilizes-buyers-step-in-to-prevent-deeper-correction","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=107336","title":{"rendered":"Bitcoin Price Stabilizes \u2014 Buyers Step In To Prevent Deeper Correction"},"content":{"rendered":"

Bitcoin price is attempting to recover above $108,500 and $108,800. BTC could rise further if there is a clear move above the $111,200 resistance.<\/em><\/p>\n

Bitcoin started a fresh recovery wave above the $108,800 resistance level.
\nThe price is trading above $109,000 and the 100 hourly Simple moving average.
\nThere was a break above a short-term channel with resistance at $108,700 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 $111,200 zone.<\/p>\n

Bitcoin Price Starts Fresh Increase<\/h2>\n

Bitcoin price declined again below the $109,000 level. BTC tested the $106,720 zone and is currently attempting a fresh increase. There was a move above the $108,000 and $108,800 resistance levels.<\/p>\n

The price climbed above the 50% Fib retracement level of the downward move from the $114,000 swing high to the $106,717 low. Besides, there was a break above a short-term channel with resistance at $108,700 on the hourly chart of the BTC\/USD pair.<\/p>\n

Bitcoin is now trading above $109,000 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $111,200 level or the 61.8% Fib retracement level of the downward move from the $114,000 swing high to the $106,717 low.<\/p>\n

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

The first key resistance is near the $111,500 level. The next resistance could be $112,500. A close above the $112,500 resistance might send the price further higher. In the stated case, the price could rise and test the $113,200 resistance. Any more gains might send the price toward the $114,000 level. The next barrier for the bulls could be $115,500.<\/p>\n

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

If Bitcoin fails to rise above the $111,200 resistance zone, it could start a fresh decline. Immediate support is near the $109,500 level. The first major support is near the $108,800 level.<\/p>\n

The next support is now near the $108,500 zone. Any more losses might send the price toward the $107,400 support in the near term. The main support sits at $106,500, 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 $109,500, followed by $108,800.<\/p>\n

Major Resistance Levels \u2013 $111,200 and $112,500.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price is attempting to recover above $108,500 and $108,800. BTC could rise further if there is a clear move above the $111,200 resistance. Bitcoin started a fresh recovery wave above the $108,800 resistance level. The price is trading above $109,000 and the 100 hourly Simple moving average. There was a break above a short-term […]<\/p>\n","protected":false},"author":0,"featured_media":107337,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-107336","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\/107336"}],"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=107336"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/107336\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/107337"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=107336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=107336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=107336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}