{"id":51701,"date":"2025-03-13T02:52:24","date_gmt":"2025-03-13T02:52:24","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=51701"},"modified":"2025-03-13T02:52:24","modified_gmt":"2025-03-13T02:52:24","slug":"bitcoin-price-recovery-possible-above-85k-will-bulls-step-in","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=51701","title":{"rendered":"Bitcoin Price Recovery Possible Above $85K\u2014Will Bulls Step In?"},"content":{"rendered":"

Bitcoin price started a recovery wave above the $80,000 zone. BTC is now rising and might aim for a move above the $84,000 and $85,000 levels.<\/em><\/p>\n

Bitcoin started a decent recovery wave above the $80,000 zone.
\nThe price is trading above $82,000 and the 100 hourly Simple moving average.
\nThere is a connecting bullish trend line forming with support at $82,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could start another increase if it clears the $84,000 and $85,000 levels.<\/p>\n

Bitcoin Price Eyes Breakout<\/h2>\n

Bitcoin price remained strong above the $78,000 level. BTC formed a base and recently started a recovery wave<\/a> above the $80,000 resistance level.<\/p>\n

The bulls pushed the price above the $82,000 resistance level. The price surpassed the 23.6% Fib retracement level of the downward wave from the $91,060 swing high to the $76,820 low. However, the bears are now active near the $84,000 resistance zone.<\/p>\n

Bitcoin price is now trading above $82,000 and the 100 hourly Simple moving average<\/a>. There is also a connecting bullish trend line forming with support at $82,000 on the hourly chart of the BTC\/USD pair.<\/p>\n

On the upside, immediate resistance is near the $84,000 level and the 50% Fib retracement level of the downward wave from the $91,060 swing high to the $76,820 low. The first key resistance is near the $85,000 level. The next key resistance could be $85,650.<\/p>\n

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

A close above the $85,650 resistance might send the price further higher. In the stated case, the price could rise and test the $86,500 resistance level. Any more gains might send the price toward the $88,000 level or even $96,200.<\/p>\n

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

If Bitcoin fails to rise above the $84,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $82,000 level and the trend line. The first major support is near the $81,200 level.<\/p>\n

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

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone.<\/p>\n

Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n

Major Support Levels \u2013 $82,000, followed by $81,200.<\/p>\n

Major Resistance Levels \u2013 $84,000 and $85,000.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a recovery wave above the $80,000 zone. BTC is now rising and might aim for a move above the $84,000 and $85,000 levels. Bitcoin started a decent recovery wave above the $80,000 zone. The price is trading above $82,000 and the 100 hourly Simple moving average. There is a connecting bullish trend […]<\/p>\n","protected":false},"author":0,"featured_media":51702,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-51701","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\/51701"}],"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=51701"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/51701\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/51702"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}