{"id":118051,"date":"2025-12-05T02:25:26","date_gmt":"2025-12-05T02:25:26","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=118051"},"modified":"2025-12-05T02:25:26","modified_gmt":"2025-12-05T02:25:26","slug":"bitcoin-coils-near-highs-as-bulls-defend-gains-ahead-of-resistance","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=118051","title":{"rendered":"Bitcoin Coils Near Highs as Bulls Defend Gains Ahead of Resistance"},"content":{"rendered":"

Bitcoin price started a fresh increase above $92,500. BTC is now consolidating gains and might attempt an upside break above $93,500.<\/em><\/p>\n

Bitcoin started a fresh increase above the $92,500 zone.
\nThe price is trading above $92,000 and the 100 hourly Simple moving average.
\nThere was a break below a bullish trend line with support at $93,000 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 Faces Resistance<\/h2>\n

Bitcoin price managed to stay above the $90,000 zone and started a fresh increase<\/a>. BTC gained strength for a move above the $90,500 and $91,500 levels.<\/p>\n

There was a clear move above the $93,000 resistance<\/a>. A high was formed at $94,050 and the price is now consolidating gains. There was a minor drop to test the 23.6% Fib retracement level of the upward move from the $83,870 swing low to the $94,050 high.<\/p>\n

There was a break below a bullish trend line with support at $93,000 on the hourly chart of the BTC\/USD pair. Bitcoin is now trading above $92,000 and the 100 hourly Simple moving average.<\/p>\n

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

If the bulls remain in action, the price could attempt another increase. Immediate resistance is near the $92,800 level. The first key resistance is near the $93,000 level. The next resistance could be $94,000. A close above the $94,000 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 $95,500 level. The next barrier for the bulls could be $96,200 and $96,450.<\/p>\n

Downside Break In BTC?<\/h2>\n

If Bitcoin fails to rise above the $94,000 resistance zone, it could start another decline. Immediate support is near the $91,650 level. The first major support is near the $90,500 level.<\/p>\n

The next support is now near the $88,950 zone or the 50% Fib retracement level of the upward move from the $83,870 swing low to the $94,050 high. Any more losses might send the price toward the $87,750 support in the near term. The main support sits at $87,200, 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 bullish 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 $91,650, followed by $90,500.<\/p>\n

Major Resistance Levels \u2013 $93,000 and $94,000.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a fresh increase above $92,500. BTC is now consolidating gains and might attempt an upside break above $93,500. Bitcoin started a fresh increase above the $92,500 zone. The price is trading above $92,000 and the 100 hourly Simple moving average. There was a break below a bullish trend line with support at […]<\/p>\n","protected":false},"author":0,"featured_media":118052,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-118051","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\/118051"}],"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=118051"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/118051\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/118052"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=118051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=118051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=118051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}