{"id":49358,"date":"2025-03-04T02:47:57","date_gmt":"2025-03-04T02:47:57","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=49358"},"modified":"2025-03-04T02:47:57","modified_gmt":"2025-03-04T02:47:57","slug":"bitcoin-price-retreats-key-support-levels-in-focus-after-reversal","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=49358","title":{"rendered":"Bitcoin Price Retreats\u2014Key Support Levels in Focus After Reversal"},"content":{"rendered":"

Bitcoin price started a fresh decline from the $95,000 resistance zone. BTC is back below $90,000 and might continue to move down.<\/em><\/p>\n

Bitcoin started a fresh decline from the $95,000 resistance zone.
\nThe price is trading below $92,000 and the 100 hourly Simple moving average.
\nThere was a break below a connecting bullish trend line with support at $88,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could start another decline if it fails to stay above the $82,250 zone.<\/p>\n

Bitcoin Price Dips Over 10%<\/h2>\n

Bitcoin price rallied above the $88,000 and $90,000 resistance levels<\/a>. BTC tested the $95,000 resistance where it faced a strong resistance. The price failed to retain gains and started a fresh decline below $92,000.<\/p>\n

There was a move below the $92,000 and $90,000 support levels. The price dived over 10% and traded below the 50% Fib retracement level of the upward move from the $84,500 swing low to the $95,000 high. There was also a break below a connecting bullish trend line with support at $88,000 on the hourly chart of the BTC\/USD pair.<\/p>\n

Bitcoin price is now trading below $90,000 and the 100 hourly Simple moving average<\/a>. On the upside, immediate resistance is near the $85,000 level. The first key resistance is near the $86,600 level.<\/p>\n

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

The next key resistance could be $88,500. A close above the $88,500 resistance might send the price further higher. In the stated case, the price could rise and test the $90,000 resistance level. Any more gains might send the price toward the $92,000 level or even $93,500.<\/p>\n

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

If Bitcoin fails to rise above the $88,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $82,250 level and the 76.4% Fib retracement level of the upward move from the $84,500 swing low to the $95,000 high. The first major support is near the $80,000 level.<\/p>\n

The next support is now near the $78,500 zone. Any more losses might send the price toward the $76,000 support in the near term. The main support sits at $75,000.<\/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 $82,250, followed by $80,000.<\/p>\n

Major Resistance Levels \u2013 $88,000 and $90,000.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a fresh decline from the $95,000 resistance zone. BTC is back below $90,000 and might continue to move down. Bitcoin started a fresh decline from the $95,000 resistance zone. The price is trading below $92,000 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line […]<\/p>\n","protected":false},"author":0,"featured_media":49359,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-49358","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\/49358"}],"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=49358"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/49358\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/49359"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}