{"id":122425,"date":"2025-12-23T02:41:18","date_gmt":"2025-12-23T02:41:18","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=122425"},"modified":"2025-12-23T02:41:18","modified_gmt":"2025-12-23T02:41:18","slug":"bitcoin-price-holds-firm-upside-extension-now-in-trader-focus","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=122425","title":{"rendered":"Bitcoin Price Holds Firm, Upside Extension Now in Trader Focus"},"content":{"rendered":"

Bitcoin price started a decent recovery wave above $88,000. BTC is now consolidating below $89,000 and might aim for a fresh increase.<\/em><\/p>\n

Bitcoin started a recovery wave above the $87,500 zone.
\nThe price is trading above $87,500 and the 100 hourly Simple moving average.
\nThere is a bullish trend line forming with support at $87,900 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 $89,100 zone.<\/p>\n

Bitcoin Price Eyes More Gains<\/h2>\n

Bitcoin price attempted a fresh recovery wave<\/a> above $87,500 and $88,000. BTC even cleared the $88,800 resistance and tested the $90,500 hurdle.<\/p>\n

A high was formed at $90,552 and the price is now consolidating gains. There was a minor decline below $89,000 and $88,500. The price dipped below the 23.6% Fib retracement level of the upward move from the $84,420 swing low to the $90,552 high.<\/p>\n

Bitcoin is now trading above $87,800 and the 100 hourly Simple moving average<\/a>. There is also a bullish trend line forming with support at $87,900 on the hourly chart of the BTC\/USD pair.<\/p>\n

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

If the price remains stable above the trend line, it could attempt more gains. Immediate resistance is near the $89,100 level. The first key resistance is near the $89,500 level. The next resistance could be $90,500. A close above the $90,500 resistance might send the price further higher. In the stated case, the price could rise and test the $92,000 resistance. Any more gains might send the price toward the $92,500 level. The next barrier for the bulls could be $93,200 and $93,500.<\/p>\n

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

If Bitcoin fails to rise above the $89,500 resistance zone, it could start another decline. Immediate support is near the $88,000 level and the trend line. The first major support is near the $87,500 level.<\/p>\n

The next support is now near the $86,750 zone and the 61.8% Fib retracement level of the upward move from the $84,420 swing low to the $90,552 high. Any more losses might send the price toward the $85,450 support in the near term. The main support sits at $84,500, 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 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 $88,000, followed by $87,500.<\/p>\n

Major Resistance Levels \u2013 $89,500 and $90,500.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a decent recovery wave above $88,000. BTC is now consolidating below $89,000 and might aim for a fresh increase. Bitcoin started a recovery wave above the $87,500 zone. The price is trading above $87,500 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at $87,900 […]<\/p>\n","protected":false},"author":0,"featured_media":122426,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-122425","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\/122425"}],"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=122425"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/122425\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/122426"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=122425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=122425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=122425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}