{"id":121616,"date":"2025-12-19T02:30:00","date_gmt":"2025-12-19T02:30:00","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=121616"},"modified":"2025-12-19T02:30:00","modified_gmt":"2025-12-19T02:30:00","slug":"bitcoin-price-retests-support-is-the-market-bracing-for-volatility","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=121616","title":{"rendered":"Bitcoin Price Retests Support\u2014Is the Market Bracing for Volatility?"},"content":{"rendered":"

Bitcoin price attempted to start a fresh increase but failed at $89,500. BTC is now struggling below $86,500 and might continue to move down.<\/em><\/p>\n

Bitcoin started a fresh decline below the $86,500 zone.
\nThe price is trading below $86,500 and the 100 hourly Simple moving average.
\nThere was a break below a bullish trend line with support at $87,250 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 $85,000 zone.<\/p>\n

Bitcoin Price Dips Again<\/h2>\n

Bitcoin price attempted a fresh recovery wave<\/a> above $88,000 and $88,500. BTC tested the $89,500 resistance zone and reacted to the downside. There was a sharp decline below $88,000.<\/p>\n

There was a break below a bullish trend line with support at $87,250 on the hourly chart of the BTC\/USD pair. The price even spiked below the $85,000 support. However, the bulls were active near the $84,500 zone. A low was formed at $84,421 and the price is now consolidating losses<\/a> below the 23.6% Fib retracement level of the downward move from the $89,437 swing high to the $84,421 low.<\/p>\n

Bitcoin is now trading below $87,000 and the 100 hourly Simple moving average. If the bulls remain in action, the price could attempt more gains. Immediate resistance is near the $86,600 level. The first key resistance is near the $87,000 level and the 50% Fib retracement level of the downward move from the $89,437 swing high to the $84,421 low.<\/p>\n

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

The next resistance could be $88,000. A close above the $88,000 resistance might send the price further higher. In the stated case, the price could rise and test the $88,800 resistance. Any more gains might send the price toward the $89,500 level. The next barrier for the bulls could be $90,000 and $90,500.<\/p>\n

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

If Bitcoin fails to rise above the $87,000 resistance zone, it could start another decline. Immediate support is near the $85,000 level. The first major support is near the $84,500 level.<\/p>\n

The next support is now near the $83,200 zone. Any more losses might send the price toward the $82,500 support in the near term. The main support sits at $80,500, 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 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 $85,000, followed by $84,500.<\/p>\n

Major Resistance Levels \u2013 $87,000 and $88,000.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price attempted to start a fresh increase but failed at $89,500. BTC is now struggling below $86,500 and might continue to move down. Bitcoin started a fresh decline below the $86,500 zone. The price is trading below $86,500 and the 100 hourly Simple moving average. There was a break below a bullish trend line […]<\/p>\n","protected":false},"author":0,"featured_media":121617,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-121616","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\/121616"}],"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=121616"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/121616\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/121617"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=121616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=121616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=121616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}