{"id":54769,"date":"2025-03-27T02:50:10","date_gmt":"2025-03-27T02:50:10","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=54769"},"modified":"2025-03-27T02:50:10","modified_gmt":"2025-03-27T02:50:10","slug":"bitcoin-price-finds-support-but-can-it-power-through-90k","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=54769","title":{"rendered":"Bitcoin Price Finds Support\u2014But Can It Power Through $90K?"},"content":{"rendered":"

Bitcoin price remained supported above the $85,500 zone. BTC is now rising and might aim for a move above the $88,000 resistance zone.<\/em><\/p>\n

Bitcoin started a fresh recovery wave above the $87,000 zone.
\nThe price is trading above $87,000 and the 100 hourly Simple moving average.
\nThere is a key bearish trend line forming with resistance at $88,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could start another increase if it clears the $88,000 and $88,200 levels.<\/p>\n

Bitcoin Price Remains Supported<\/h2>\n

Bitcoin price remained stable above the $85,500 level. BTC formed a base and recently started a recovery wave above the $86,200 resistance level<\/a>.<\/p>\n

The bulls pushed the price above the $87,000 resistance level. There was a decent upward move and the price was able to clear the 50% Fib retracement level of the recent downside correction from the $88,259 swing high to the $85,853 swing low.<\/p>\n

Bitcoin price is now trading above $86,500 and the 100 hourly Simple moving average<\/a>. On the upside, immediate resistance is near the $87,700 level and the 76.4% Fib retracement level of the recent downside correction from the $88,259 swing high to the $85,853 swing low.<\/p>\n

The first key resistance is near the $88,000 level. The next key resistance could be $88,200. There is also a key bearish trend line forming with resistance at $88,200 on the hourly chart of the BTC\/USD pair.<\/p>\n

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

A close above the $88,200 resistance might send the price further higher. In the stated case, the price could rise and test the $89,500 resistance level. Any more gains might send the price toward the $90,000 level or even $90,500.<\/p>\n

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

If Bitcoin fails to rise above the $88,200 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $87,000 level. The first major support is near the $86,500 level.<\/p>\n

The next support is now near the $85,500 zone. Any more losses might send the price toward the $85,000 support in the near term. The main support sits at $84,500.<\/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 $87,000, followed by $86,500.<\/p>\n

Major Resistance Levels \u2013 $88,000 and $88,200.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price remained supported above the $85,500 zone. BTC is now rising and might aim for a move above the $88,000 resistance zone. Bitcoin started a fresh recovery wave above the $87,000 zone. The price is trading above $87,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with […]<\/p>\n","protected":false},"author":0,"featured_media":54770,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-54769","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\/54769"}],"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=54769"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/54769\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/54770"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=54769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=54769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=54769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}