{"id":43741,"date":"2025-02-12T02:48:03","date_gmt":"2025-02-12T02:48:03","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=43741"},"modified":"2025-02-12T02:48:03","modified_gmt":"2025-02-12T02:48:03","slug":"bitcoin-price-stuck-below-100k-will-momentum-pick-up","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=43741","title":{"rendered":"Bitcoin Price Stuck Below $100K: Will Momentum Pick Up?"},"content":{"rendered":"

Bitcoin price is consolidating above the $95,000 support zone. BTC is struggling and might extend losses if it stays below the $100,000 level.<\/em><\/p>\n

Bitcoin started a fresh decline from the $98,500 resistance zone.
\nThe price is trading below $96,500 and the 100 hourly Simple moving average.
\nThere was a break below a connecting bullish trend line with support at $96,670 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could start another increase if it clears the $97,600 zone.<\/p>\n

Bitcoin Price Dips Again<\/h2>\n

Bitcoin price failed to continue higher above the $100,000 zone. It started another decline<\/a> below the $96,500 zone. BTC gained bearish momentum for a move below the $96,000 and $95,500 levels.<\/p>\n

There was a break below a connecting bullish trend line with support at $96,670 on the hourly chart of the BTC\/USD pair. The price tested the $95,000 zone and recently recovered some losses. There was a move above the $95,750 level.<\/p>\n

The price surpassed the 23.6% Fib retracement level of the downward move<\/a> from the $98,442 swing high to the $94,899 low. Bitcoin price is now trading below $96,500 and the 100 hourly Simple moving average.<\/p>\n

On the upside, immediate resistance is near the $96,650 level. The first key resistance is near the $97,000 level. The next key resistance could be $97,600 or the 76.4% Fib retracement level of the downward move from the $98,442 swing high to the $94,899 low.<\/p>\n

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

A close above the $97,600 resistance might send the price further higher. In the stated case, the price could rise and test the $98,500 resistance level. Any more gains might send the price toward the $100,000 level.<\/p>\n

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

If Bitcoin fails to rise above the $97,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $95,500 level. The first major support is near the $95,000 level.<\/p>\n

The next support is now near the $93,500 zone. Any more losses might send the price toward the $92,000 support in the near term. The main support sits at $91,000.<\/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 $95,500, followed by $95,000.<\/p>\n

Major Resistance Levels \u2013 $97,000 and $98,000.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price is consolidating above the $95,000 support zone. BTC is struggling and might extend losses if it stays below the $100,000 level. Bitcoin started a fresh decline from the $98,500 resistance zone. The price is trading below $96,500 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend […]<\/p>\n","protected":false},"author":0,"featured_media":43742,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-43741","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\/43741"}],"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=43741"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/43741\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/43742"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}