{"id":108215,"date":"2025-10-28T02:17:20","date_gmt":"2025-10-28T02:17:20","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=108215"},"modified":"2025-10-28T02:17:20","modified_gmt":"2025-10-28T02:17:20","slug":"bitcoin-trades-sideways-consolidation-above-support-could-fuel-next-upside","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=108215","title":{"rendered":"Bitcoin Trades Sideways \u2014 Consolidation Above Support Could Fuel Next Upside"},"content":{"rendered":"

Bitcoin price is consolidating gains above $113,500. BTC could rise further if there is a clear move above the $115,750 resistance.<\/em><\/p>\n

Bitcoin started a fresh upward move above the $114,000 resistance level.
\nThe price is trading above $114,200 and the 100 hourly Simple moving average.
\nThere is a bullish trend line forming with support at $113,900 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 $115,750 zone.<\/p>\n

Bitcoin Price Starts Consolidation<\/h2>\n

Bitcoin price formed a base and started a fresh increase<\/a> above the $112,500 zone. BTC gained pace for a move above the main hurdle at $113,500.<\/p>\n

It opened the doors for a move above $115,000 and the 100 hourly Simple moving average. Finally, the price spiked above $116,000 and is currently consolidating gains above the 23.6% Fib retracement level of the recent wave<\/a> from the $106,718 swing low to the $116,309 high.<\/p>\n

Besides, there is a bullish trend line forming with support at $113,900 on the hourly chart of the BTC\/USD pair. Bitcoin is now trading above $114,000 and the 100 hourly Simple moving average.<\/p>\n

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

Immediate resistance on the upside is near the $115,000 level. The first key resistance is near the $115,500 level. The next resistance could be $115,750. A close above the $115,750 resistance might send the price further higher. In the stated case, the price could rise and test the $116,300 resistance. Any more gains might send the price toward the $117,500 level. The next barrier for the bulls could be $118,000.<\/p>\n

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

If Bitcoin fails to rise above the $115,500 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 or the trend line.<\/p>\n

The next support is now near the $111,000 zone. Any more losses might send the price toward the $110,500 support in the near term. The main support sits at $108,500, 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 $114,000, followed by $113,500.<\/p>\n

Major Resistance Levels \u2013 $115,500 and $116,500.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price is consolidating gains above $113,500. BTC could rise further if there is a clear move above the $115,750 resistance. Bitcoin started a fresh upward move above the $114,000 resistance level. The price is trading above $114,200 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at […]<\/p>\n","protected":false},"author":0,"featured_media":108216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-108215","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\/108215"}],"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=108215"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/108215\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/108216"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=108215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=108215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=108215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}