{"id":108565,"date":"2025-10-29T02:21:06","date_gmt":"2025-10-29T02:21:06","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=108565"},"modified":"2025-10-29T02:21:06","modified_gmt":"2025-10-29T02:21:06","slug":"bitcoin-faces-rejection-resistance-zone-caps-upside-after-recent-increase","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=108565","title":{"rendered":"Bitcoin Faces Rejection \u2014 Resistance Zone Caps Upside After Recent Increase"},"content":{"rendered":"

Bitcoin price is correcting gains below $113,500. BTC could continue to move down if it stays below the $114,200 resistance.<\/em><\/p>\n

Bitcoin started a downside correction below the $114,200 support.
\nThe price is trading below $114,000 and the 100 hourly Simple moving average.
\nThere was a break below a bullish trend line with support at $114,050 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 $112,000 zone.<\/p>\n

Bitcoin Price Starts Pullback<\/h2>\n

Bitcoin price extended gains<\/a> above the $113,500 zone. BTC gained pace for a move above the $115,000 pivot level. The price even spiked above $116,200 before the bears appeared.<\/p>\n

A high was formed at $116,309 and the price is now correcting some gains. There was a move below the $114,200 support zone. The price dipped below the 23.6% Fib retracement level of the recent wave from the $106,718 swing low to the $116,309 high.<\/p>\n

Moreover, there was a break below a bullish trend line with support at $114,050 on the hourly chart of the BTC\/USD pair. Bitcoin is now trading below $114,000 and the 100 hourly Simple moving average<\/a>.<\/p>\n

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

Immediate resistance on the upside is near the $113,650 level. The first key resistance is near the $114,200 level. The next resistance could be $115,000. A close above the $115,000 resistance might send the price further higher. In the stated case, the price could rise and test the $116,200 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

More Losses In BTC?<\/h2>\n

If Bitcoin fails to rise above the $114,200 resistance zone, it could continue to move down. Immediate support is near the $112,000 level. The first major support is near the $111,500 level or the 50% Fib retracement level of the recent wave from the $106,718 swing low to the $116,309 high.<\/p>\n

The next support is now near the $110,500 zone. Any more losses might send the price toward the $110,000 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 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 $112,000, followed by $111,500.<\/p>\n

Major Resistance Levels \u2013 $114,200 and $115,000.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price is correcting gains below $113,500. BTC could continue to move down if it stays below the $114,200 resistance. Bitcoin started a downside correction below the $114,200 support. The price is trading below $114,000 and the 100 hourly Simple moving average. There was a break below a bullish trend line with support at $114,050 […]<\/p>\n","protected":false},"author":0,"featured_media":108566,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-108565","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\/108565"}],"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=108565"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/108565\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/108566"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=108565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=108565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=108565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}