{"id":114385,"date":"2025-11-20T02:30:54","date_gmt":"2025-11-20T02:30:54","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=114385"},"modified":"2025-11-20T02:30:54","modified_gmt":"2025-11-20T02:30:54","slug":"bitcoin-price-fails-to-rebound-keeping-struggle-intact-near-crucial-zones","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=114385","title":{"rendered":"Bitcoin Price Fails to Rebound, Keeping Struggle Intact Near Crucial Zones"},"content":{"rendered":"

Bitcoin price found support near $88,500. BTC is now correcting some losses but faces many hurdles near $92,500 and $93,500.<\/em><\/p>\n

Bitcoin started a fresh decline below $93,000 and $92,500.
\nThe price is trading below $93,000 and the 100 hourly Simple moving average.
\nThere is a bearish trend line forming with resistance at $93,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might continue to move down if it settles below the $90,000 zone.<\/p>\n

Bitcoin Price Faces Hurdles<\/h2>\n

Bitcoin price failed to stay in a positive zone<\/a> above the $92,000 level. BTC bears remained active below $92,000 and pushed the price lower.<\/p>\n

The bears gained strength and were able to push the price below the $89,500 zone. A low was formed at $88,570, and the price is now attempting a recovery wave. There was a move above the 50% Fib retracement level of the recent decline from the $93,747 swing high to the $88,570 low.<\/p>\n

Bitcoin is now trading below $93,000 and the 100 hourly Simple moving average<\/a>. Besides, there is a bearish trend line forming with resistance at $93,500 on the hourly chart of the BTC\/USD pair.<\/p>\n

If the bulls attempt another recovery wave, the price could face resistance near the $92,500 level and the 76.4% Fib retracement level of the recent decline from the $93,747 swing high to the $88,570 low. The first key resistance is near the $93,500 level and the trend line.<\/p>\n

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

The next resistance could be $93,750. A close above the $93,750 resistance might send the price further higher. In the stated case, the price could rise and test the $94,500 resistance. Any more gains might send the price toward the $95,000 level. The next barrier for the bulls could be $95,500 and $96,200.<\/p>\n

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

If Bitcoin fails to rise above the $93,500 resistance zone, it could start another decline. Immediate support is near the $91,150 level. The first major support is near the $90,500 level.<\/p>\n

The next support is now near the $90,000 zone. Any more losses might send the price toward the $88,500 support in the near term. The main support sits at $86,500, below which BTC might accelerate lower in the near 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 above the 50 level.<\/p>\n

Major Support Levels \u2013 $91,150, followed by $90,500.<\/p>\n

Major Resistance Levels \u2013 $92,500 and $93,500.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price found support near $88,500. BTC is now correcting some losses but faces many hurdles near $92,500 and $93,500. Bitcoin started a fresh decline below $93,000 and $92,500. The price is trading below $93,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $93,500 on the […]<\/p>\n","protected":false},"author":0,"featured_media":114386,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-114385","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\/114385"}],"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=114385"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/114385\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/114386"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=114385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=114385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=114385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}