{"id":117430,"date":"2025-12-03T02:37:09","date_gmt":"2025-12-03T02:37:09","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=117430"},"modified":"2025-12-03T02:37:09","modified_gmt":"2025-12-03T02:37:09","slug":"bitcoin-rallies-into-resistance-with-traders-watching-for-breakout-confirmation","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=117430","title":{"rendered":"Bitcoin Rallies Into Resistance With Traders Watching for Breakout Confirmation"},"content":{"rendered":"

Bitcoin price started a fresh increase above $90,000. BTC is now testing the key barrier at $93,000 and might attempt an upside break.<\/em><\/p>\n

Bitcoin started a fresh increase above the $90,000 zone.
\nThe price is trading above $90,500 and the 100 hourly Simple moving average.
\nThere is a bullish trend line forming with support at $90,800 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might continue to move up if it settles above the $93,000 zone.<\/p>\n

Bitcoin Price Surges Over 5%<\/h2>\n

Bitcoin price managed to stay above the $84,000 zone<\/a> and started a fresh increase. BTC gained strength for a move above the $88,000 and $90,000 levels.<\/p>\n

There was a clear move above the $90,500 resistance. A high was formed at $92,912 and the price is now testing an important barrier. It is still above the 23.6% Fib retracement level of the upward move from the $83,870 swing low to the $92,912 high.<\/p>\n

Bitcoin is now trading above $92,000 and the 100 hourly Simple moving average<\/a>. Besides, there is a bullish trend line forming with support at $90,800 on the hourly chart of the BTC\/USD pair.<\/p>\n

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

If the bulls remain in action, the price could attempt another increase. Immediate resistance is near the $92,900 level. The first key resistance is near the $93,000 level. The next resistance could be $93,500. A close above the $93,500 resistance might send the price further higher. In the stated case, the price could rise and test the $95,000 resistance. Any more gains might send the price toward the $96,500 level. The next barrier for the bulls could be $97,200 and $98,000.<\/p>\n

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

If Bitcoin fails to rise above the $93,000 resistance zone, it could start another decline. Immediate support is near the $90,800 level and the trend line. The first major support is near the $88,400 level and the 50% Fib retracement level of the upward move from the $83,870 swing low to the $92,912 high.<\/p>\n

The next support is now near the $87,350 zone. Any more losses might send the price toward the $86,000 support in the near term. The main support sits at $84,000, below which BTC might accelerate lower in the near 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 $90,800, followed by $88,400.<\/p>\n

Major Resistance Levels \u2013 $93,000 and $93,500.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a fresh increase above $90,000. BTC is now testing the key barrier at $93,000 and might attempt an upside break. Bitcoin started a fresh increase above the $90,000 zone. The price is trading above $90,500 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":117431,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-117430","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\/117430"}],"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=117430"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/117430\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/117431"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=117430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=117430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=117430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}