{"id":35217,"date":"2025-01-13T02:58:20","date_gmt":"2025-01-13T02:58:20","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=35217"},"modified":"2025-01-13T02:58:20","modified_gmt":"2025-01-13T02:58:20","slug":"bitcoin-price-faces-uncertainty-is-the-risk-of-a-drop-growing","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=35217","title":{"rendered":"Bitcoin Price Faces Uncertainty: Is The Risk of a Drop Growing?"},"content":{"rendered":"

Bitcoin price is consolidating losses below the $95,500 zone. BTC is showing bearish signs and might struggle to recover above the $95,800 level.<\/em><\/p>\n

Bitcoin started a recovery wave from the $91,150 zone.
\nThe price is trading below $94,500 and the 100 hourly Simple moving average.
\nThere was a break above a connecting bearish trend line with resistance at $93,650 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could start another increase if it stays above the $92,500 support zone.<\/p>\n

Bitcoin Price Struggles Below $95K<\/h2>\n

Bitcoin price started a short-term recovery wave above the $92,000 resistance<\/a>. BTC was able to climb above the $93,500 and $94,000 levels.<\/p>\n

The bulls were able to push the price above the 23.6% Fib retracement level of the downward move from the $102,761 swing high to the $91,168 low. Besides, there was a break above a connecting bearish trend line with resistance at $93,650 on the hourly chart of the BTC\/USD pair.<\/p>\n

However, the bears are still active below the $95,800 level. Bitcoin price is now trading below $95,000 and the 100 hourly Simple moving average<\/a>. On the upside, immediate resistance is near the $95,000 level.<\/p>\n

The first key resistance is near the $95,800 level. A clear move above the $95,800 resistance might send the price higher. The next key resistance could be $97,000 or the 50% Fib retracement level of the downward move from the $102,761 swing high to the $91,168 low.<\/p>\n

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

A close above the $97,000 resistance might send the price further higher. In the stated case, the price could rise and test the $98,800 resistance level. Any more gains might send the price toward the $99,500 level.<\/p>\n

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

If Bitcoin fails to rise above the $95,800 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $92,500 level.<\/p>\n

The first major support is near the $92,000 level. The next support is now near the $91,200 zone. Any more losses might send the price toward the $90,000 support 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 $92,500, followed by $91,200.<\/p>\n

Major Resistance Levels \u2013 $95,000 and $95,800.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price is consolidating losses below the $95,500 zone. BTC is showing bearish signs and might struggle to recover above the $95,800 level. Bitcoin started a recovery wave from the $91,150 zone. The price is trading below $94,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line […]<\/p>\n","protected":false},"author":0,"featured_media":35218,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-35217","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\/35217"}],"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=35217"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/35217\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/35218"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}