{"id":173718,"date":"2026-06-02T09:30:12","date_gmt":"2026-06-02T09:30:12","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=173718"},"modified":"2026-06-02T09:30:12","modified_gmt":"2026-06-02T09:30:12","slug":"the-bitcoin-retracement-rally-and-the-resistance-level-that-could-end-it-all","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=173718","title":{"rendered":"The Bitcoin Retracement Rally And The Resistance Level That Could End It All"},"content":{"rendered":"

Bitcoin saw its price retrace after initially moving upwards and clearing the resistance at $80,000. Eventually, though, the price ended up hitting major resistance at $82,000 and falling back downward. Now, the Bitcoin price seems to be stuck in a sideways movement<\/a> that threatens to be the end of the recovery. However, this might not be the end of the bullish trend that is being flagged on the chart.<\/p>\n

Why The Bitcoin Price Could Recover Quickly<\/h2>\n

In a recent post, a pseudonymous crypto analyst who goes by HAMED_AZ highlighted<\/a> three clear signals that could show that the bitcoin price is on the verge of a bullish reversal. The first of these is that the cryptocurrency has now entered a major demand zone.<\/p>\n

This demand zone lies between $70,000 and $73,000, showing the levels where there has been the most support for the Bitcoin price in recent times. According to the crypto analyst, this demand zone has previously been a strong reaction zone and could continue in the same way<\/a>.<\/p>\n

Next on the line is the ascending trendline that has appeared on the Bitcoin chart. This ascending trendline has held recently and has supported the uptrend previously<\/a>. If this trend continues to hold, then it is likely that the Bitcoin price will continue to rise.<\/p>\n

Then, last but not least on the list is the fact that the 50% Fibonacci retracement. With the 0.5 Fibonacci level sitting just around $71,302, it means that the BTC price<\/a> has not fallen toward the general area of this level, creating alignment.<\/p>\n

Where Is The Price Headed?<\/h2>\n

Following the analysis, the Bitcoin price could be looking at another upward recovery<\/a> soon. However, just like before, there is still a lot of resistance lying in wait at the $82,000 level, meaning that this is the level to beat if bulls want to maintain the uptrend.<\/p>\n

For the bearish case, the Bitcoin price would need to first break below the ascending trendline<\/a>. This puts it below $71,000 at the current level, and if this happens, the crypto analyst says it would open the door for an even deeper correction for the cryptocurrency.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin saw its price retrace after initially moving upwards and clearing the resistance at $80,000. Eventually, though, the price ended up hitting major resistance at $82,000 and falling back downward. Now, the Bitcoin price seems to be stuck in a sideways movement that threatens to be the end of the recovery. However, this might not […]<\/p>\n","protected":false},"author":0,"featured_media":173719,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-173718","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\/173718"}],"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=173718"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/173718\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/173719"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=173718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=173718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=173718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}