{"id":53876,"date":"2025-03-24T03:12:54","date_gmt":"2025-03-24T03:12:54","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=53876"},"modified":"2025-03-24T03:12:54","modified_gmt":"2025-03-24T03:12:54","slug":"bitcoin-price-shows-stronger-recovery-signs-upside-move-in-focus","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=53876","title":{"rendered":"Bitcoin Price Shows Stronger Recovery Signs\u2014Upside Move in Focus"},"content":{"rendered":"

Bitcoin price started a recovery wave above the $82,500 zone. BTC is now rising and might aim for a move above the $86,500 and $87,200 levels.<\/em><\/p>\n

Bitcoin started a decent recovery wave above the $83,000 zone.
\nThe price is trading above $84,500 and the 100 hourly Simple moving average.
\nThere is a connecting bullish trend line forming with support at $85,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could start another increase if it clears the $86,200 and $87,000 levels.<\/p>\n

Bitcoin Price Eyes Steady Increase<\/h2>\n

Bitcoin price remained stable<\/a> above the $82,000 level. BTC formed a base and recently started a recovery wave above the $83,500 resistance level.<\/p>\n

The bulls pushed the price above the $85,000 resistance level. However, the bears were active near the $86,500 resistance zone. A high was formed at $85,591 and the price corrected some gains<\/a>. There was a move below the $85,000 level.<\/p>\n

The price dipped below the 23.6% Fib retracement level of the upward move from the $83,667 swing low to the $85,591 high. Bitcoin price is now trading above $85,200 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $85,200 on the hourly chart of the BTC\/USD pair.<\/p>\n

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

On the upside, immediate resistance is near the $86,000 level. The first key resistance is near the $86,500 level. The next key resistance could be $87,200. A close above the $87,200 resistance might send the price further higher. In the stated case, the price could rise and test the $88,500 resistance level. Any more gains might send the price toward the $88,800 level or even $90,000.<\/p>\n

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

If Bitcoin fails to rise above the $86,500 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $85,500 level. The first major support is near the $85,200 level or the 50% Fib retracement level of the upward move from the $83,667 swing low to the $85,591 high.<\/p>\n

The next support is now near the $84,500 zone. Any more losses might send the price toward the $83,000 support in the near term. The main support sits at $81,500.<\/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 $85,500, followed by $85,200.<\/p>\n

Major Resistance Levels \u2013 $86,500 and $87,200.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a recovery wave above the $82,500 zone. BTC is now rising and might aim for a move above the $86,500 and $87,200 levels. Bitcoin started a decent recovery wave above the $83,000 zone. The price is trading above $84,500 and the 100 hourly Simple moving average. There is a connecting bullish trend […]<\/p>\n","protected":false},"author":0,"featured_media":53877,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-53876","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\/53876"}],"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=53876"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/53876\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/53877"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=53876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=53876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=53876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}