{"id":45758,"date":"2025-02-19T02:49:41","date_gmt":"2025-02-19T02:49:41","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=45758"},"modified":"2025-02-19T02:49:41","modified_gmt":"2025-02-19T02:49:41","slug":"bitcoin-price-remains-under-pressure-can-it-break-free","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=45758","title":{"rendered":"Bitcoin Price Remains Under Pressure\u2014Can It Break Free?"},"content":{"rendered":"

Bitcoin price started another decline below the $96,200 zone. BTC is retesting the $95,000 support zone and might struggle to recover losses.<\/em><\/p>\n

Bitcoin started a fresh decline from the $97,500 zone.
\nThe price is trading below $96,200 and the 100 hourly Simple moving average.
\nThere is a key bearish trend line forming with resistance at $96,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could start another increase if it stays above the $95,000 zone.<\/p>\n

Bitcoin Price Dips Further<\/h2>\n

Bitcoin price failed to clear the $98,500 and $98,000 resistance levels<\/a>. BTC formed a top and started a fresh decline below the $96,500 level. There was a clear move below the $96,200 support level.<\/p>\n

The price even dipped below the $95,000 level. However, the bulls appeared near $93,400. A low was formed at $93,388 and the price is now attempting to recover. There was a move above the $95,000 level. The price cleared the 23.6% Fib retracement level of the downward move from the $98,825 swing high to the $93,288 low.<\/p>\n

Bitcoin price is now trading below $96,200 and the 100 hourly Simple moving average<\/a>. On the upside, immediate resistance is near the $96,000 level. There is also a key bearish trend line forming with resistance at $96,000 on the hourly chart of the BTC\/USD pair.<\/p>\n

The first key resistance is near the $96,200 level or the 50% Fib retracement level of the downward move from the $98,825 swing high to the $93,288 low. The next key resistance could be $96,750.<\/p>\n

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

A close above the $96,750 resistance might send the price further higher. In the stated case, the price could rise and test the $97,500 resistance level. Any more gains might send the price toward the $98,200 level or even $98,500.<\/p>\n

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

If Bitcoin fails to rise above the $96,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $95,000 level. The first major support is near the $94,200 level.<\/p>\n

The next support is now near the $93,400 zone. Any more losses might send the price toward the $92,200 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 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 $95,000, followed by $94,200.<\/p>\n

Major Resistance Levels \u2013 $96,000 and $98,000.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started another decline below the $96,200 zone. BTC is retesting the $95,000 support zone and might struggle to recover losses. Bitcoin started a fresh decline from the $97,500 zone. The price is trading below $96,200 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at […]<\/p>\n","protected":false},"author":0,"featured_media":45759,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-45758","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\/45758"}],"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=45758"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/45758\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/45759"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}