{"id":127542,"date":"2026-01-16T02:45:13","date_gmt":"2026-01-16T02:45:13","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=127542"},"modified":"2026-01-16T02:45:13","modified_gmt":"2026-01-16T02:45:13","slug":"bitcoin-price-blinks-after-the-run-market-watches-the-reaction","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=127542","title":{"rendered":"Bitcoin Price Blinks After the Run, Market Watches the Reaction"},"content":{"rendered":"

Bitcoin price started a fresh increase above $96,000. BTC is correcting some gains and might decline to $94,000 before a fresh increase.<\/em><\/p>\n

Bitcoin started a decent increase above $95,000 and $96,000.
\nThe price is trading above $95,000 and the 100 hourly Simple moving average.
\nThere is a declining channel or a possible bullish flag forming with resistance at $96,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might continue to move up if it stays above the $95,000 zone.<\/p>\n

Bitcoin Price Dips and Corrects Some Gains<\/h2>\n

Bitcoin price managed to stay above the $93,500 support and started a fresh increase<\/a>. BTC was able to settle above $95,000 and $95,500.<\/p>\n

The bulls were able to push the price above $96,000. Finally, the price spiked above $97,500. A high was formed at $97,898, and the price is now correcting some gains. There was a move below the 23.6% Fib retracement level of the recent wave from the $89,995 swing low to the $97,898 high.<\/p>\n

Bitcoin is now trading above $95,000 and the 100 hourly Simple moving average<\/a>. If the price remains stable above $95,000, it could attempt a fresh increase. Immediate resistance is near the $96,000 level. The first key resistance is near the $96,200 level. There is also a declining channel or a possible bullish flag forming with resistance at $96,200 on the hourly chart of the BTC\/USD pair.<\/p>\n

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

The next resistance could be $97,000. A close above the $97,000 resistance might send the price further higher. In the stated case, the price could rise and test the $97,800 resistance. Any more gains might send the price toward the $98,800 level. The next barrier for the bulls could be $99,200 and $100,000.<\/p>\n

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

If Bitcoin fails to rise above the $96,200 resistance zone, it could start another decline. Immediate support is near the $95,000 level. The first major support is near the $94,000 level and the 50% Fib retracement level of the recent wave from the $89,995 swing low to the $97,898 high.<\/p>\n

The next support is now near the $93,000 zone. Any more losses might send the price toward the $91,850 support in the near term. The main support sits at $91,500, 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 $95,000, followed by $94,000.<\/p>\n

Major Resistance Levels \u2013 $96,200 and $97,000.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a fresh increase above $96,000. BTC is correcting some gains and might decline to $94,000 before a fresh increase. Bitcoin started a decent increase above $95,000 and $96,000. The price is trading above $95,000 and the 100 hourly Simple moving average. There is a declining channel or a possible bullish flag forming […]<\/p>\n","protected":false},"author":0,"featured_media":127543,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-127542","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\/127542"}],"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=127542"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/127542\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/127543"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}