{"id":119871,"date":"2025-12-12T02:53:35","date_gmt":"2025-12-12T02:53:35","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=119871"},"modified":"2025-12-12T02:53:35","modified_gmt":"2025-12-12T02:53:35","slug":"bitcoin-price-holds-firm-is-a-fresh-bullish-wave-about-to-start","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=119871","title":{"rendered":"Bitcoin Price Holds Firm\u2014Is a Fresh Bullish Wave About to Start?"},"content":{"rendered":"

Bitcoin price stayed above the $90,000 support zone. BTC is now rising and might soon aim for an upside break above the $94,000 resistance.<\/em><\/p>\n

Bitcoin started a downside correction from the $94,500 zone.
\nThe price is trading above $92,000 and the 100 hourly Simple moving average.
\nThere is a bearish trend line forming with resistance at $92,950 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 $93,500 zone.<\/p>\n

Bitcoin Price Aims Upside Break<\/h2>\n

Bitcoin price failed to gain strength<\/a> for a move above the $94,000 and $94,500 levels. BTC started a downside correction and traded below the $92,500 support.<\/p>\n

There was a clear move below the 50% Fib retracement level of the upward move from the $87,776 swing low to the $94,582 high. The price even spiked below the $90,000 support. However, the bulls were active near the $89,500 zone.<\/p>\n

They prevented a move below the 76.4% Fib retracement level of the upward move from the $87,776 swing low to the $94,582 high. Bitcoin is now trading above $92,000 and the 100 hourly Simple moving average.<\/p>\n

If the bulls remain in action, the price could attempt another increase<\/a>. Immediate resistance is near the $93,000 level. There is also a bearish trend line forming with resistance at $92,950 on the hourly chart of the BTC\/USD pair. The first key resistance is near the $93,500 level.<\/p>\n

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

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 $94,750 resistance. Any more gains might send the price toward the $95,000 level. The next barrier for the bulls could be $96,000 and $96,500.<\/p>\n

Another Decline 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 $92,000 level. The first major support is near the $91,200 level.<\/p>\n

The next support is now near the $90,000 zone. Any more losses might send the price toward the $89,500 support in the near term. The main support sits at $88,000, 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 $91,200, followed by $90,000.<\/p>\n

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

Bitcoin price stayed above the $90,000 support zone. BTC is now rising and might soon aim for an upside break above the $94,000 resistance. Bitcoin started a downside correction from the $94,500 zone. The price is trading above $92,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance […]<\/p>\n","protected":false},"author":0,"featured_media":119872,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-119871","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\/119871"}],"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=119871"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/119871\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/119872"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=119871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=119871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=119871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}