{"id":37622,"date":"2025-01-21T02:49:50","date_gmt":"2025-01-21T02:49:50","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=37622"},"modified":"2025-01-21T02:49:50","modified_gmt":"2025-01-21T02:49:50","slug":"bitcoin-price-retreats-after-fresh-ath-a-pause-before-the-next-surge","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=37622","title":{"rendered":"Bitcoin Price Retreats After Fresh ATH: A Pause Before the Next Surge?"},"content":{"rendered":"

Bitcoin price started a short-term downside correction after setting a new all-time high. BTC is consolidating above $101,000 and might aim for a fresh increase.<\/em><\/p>\n

Bitcoin started a downside correction from the $109,000 zone.
\nThe price is trading below $104,500 and the 100 hourly Simple moving average.
\nThere is a connecting bearish trend line forming with resistance at $104,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could start another increase if it stays above the $100,000 support zone.<\/p>\n

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

Bitcoin price started a decent upward move<\/a> above the $102,000 zone. BTC was able to climb above the $104,500 and $103,800 levels.<\/p>\n

The bulls even pushed the price above the $107,000 level. The price traded to a new all-time high at $109,112 and recently there was a downside correction. There was a drop below the $104,500 and $103,500 levels. The price even dipped below $102,000.<\/p>\n

A low was formed at $100,114 and the price is now rising. There was a move toward the 23.6% Fib retracement level of the recent decline from the $109,112 swing high to the $100,114 low.<\/p>\n

Bitcoin price is now trading below $104,500 and the 100 hourly Simple moving average<\/a>. On the upside, immediate resistance is near the $104,000 level. Besides, there is a connecting bearish trend line forming with resistance at $104,000 on the hourly chart of the BTC\/USD pair.<\/p>\n

The first key resistance is near the $104,500 level or the 50% Fib retracement level of the recent decline from the $109,112 swing high to the $100,114 low.<\/p>\n

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

A clear move above the $104,500 resistance might send the price higher. The next key resistance could be $106,500. A close above the $106,500 resistance might send the price further higher. In the stated case, the price could rise and test the $108,000 resistance level. Any more gains might send the price toward the $109,500 level.<\/p>\n

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

If Bitcoin fails to rise above the $104,000 resistance zone, it could start a downside correction. Immediate support on the downside is near the $100,500 level. The first major support is near the $100,000 level.<\/p>\n

The next support is now near the $98,800 zone. Any more losses might send the price toward the $96,500 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 below the 50 level.<\/p>\n

Major Support Levels \u2013 $100,500, followed by $100,000.<\/p>\n

Major Resistance Levels \u2013 $104,000 and $105,500.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a short-term downside correction after setting a new all-time high. BTC is consolidating above $101,000 and might aim for a fresh increase. Bitcoin started a downside correction from the $109,000 zone. The price is trading below $104,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming […]<\/p>\n","protected":false},"author":0,"featured_media":37623,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-37622","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\/37622"}],"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=37622"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/37622\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/37623"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}