{"id":20348,"date":"2024-11-14T02:47:12","date_gmt":"2024-11-14T02:47:12","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=20348"},"modified":"2024-11-14T02:47:12","modified_gmt":"2024-11-14T02:47:12","slug":"bitcoin-price-steadies-at-90k-is-another-rally-in-sight","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=20348","title":{"rendered":"Bitcoin Price Steadies at $90K: Is Another Rally in Sight?"},"content":{"rendered":"

Bitcoin price extended gains above $90,000. BTC is now consolidating gains near $90,000 and might attempt another increase in the near term.<\/em><\/p>\n

Bitcoin extended its increase and traded above the $92,000 zone.
\nThe price is trading above $87,500 and the 100 hourly Simple moving average.
\nThere is a key bullish trend line forming with support at $87,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could continue to rise if it stays above the $85,400 zone.<\/p>\n

Bitcoin Price Sets Another ATH<\/h2>\n

Bitcoin price started a fresh increase<\/a> above the $88,000 level. BTC cleared the $90,000 resistance and traded to a new all-time high. It posted a high at $93,435 and is currently consolidating gains.<\/p>\n

There was a minor decline below the $91,500 level. The price dipped below the 50% Fib retracement level of the upward move from the $85,302 swing low to the $93,435 high. However, the bulls are active near the $88,500 support zone.<\/p>\n

Bitcoin price is now trading above $87,500 and the 100 hourly Simple moving average<\/a>. There is also a key bullish trend line forming with support at $87,200 on the hourly chart of the BTC\/USD pair. The trend line is close to the 76.4% Fib retracement level of the upward move from the $85,302 swing low to the $93,435 high.<\/p>\n

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

On the upside, the price could face resistance near the $90,500 level. The first key resistance is near the $91,200 level. A clear move above the $91,200 resistance might send the price higher. The next key resistance could be $93,500. A close above the $93,500 resistance might initiate more gains. In the stated case, the price could rise and test the $95,000 resistance level. Any more gains might send the price toward the $100,000 resistance level.<\/p>\n

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

If Bitcoin fails to rise above the $90,500 resistance zone, it could start a downside correction. Immediate support on the downside is near the $88,400 level.<\/p>\n

The first major support is near the $87,200 level or the trend line. The next support is now near the $85,400 zone. Any more losses might send the price toward the $82,500 support 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 above the 80 level.<\/p>\n

Major Support Levels \u2013 $88,400, followed by $87,200.<\/p>\n

Major Resistance Levels \u2013 $90,500, and $91,200.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price extended gains above $90,000. BTC is now consolidating gains near $90,000 and might attempt another increase in the near term. Bitcoin extended its increase and traded above the $92,000 zone. The price is trading above $87,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support […]<\/p>\n","protected":false},"author":0,"featured_media":20349,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-20348","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\/20348"}],"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=20348"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/20348\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/20349"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}