{"id":55059,"date":"2025-03-28T02:50:55","date_gmt":"2025-03-28T02:50:55","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=55059"},"modified":"2025-03-28T02:50:55","modified_gmt":"2025-03-28T02:50:55","slug":"bitcoin-price-stalls-at-88k-can-bulls-overcome-key-resistance","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=55059","title":{"rendered":"Bitcoin Price Stalls at $88K\u2014Can Bulls Overcome Key Resistance?"},"content":{"rendered":"

Bitcoin price remained supported above the $86,000 zone. BTC is now consolidating and might aim for a move above the $88,000 resistance zone.<\/em><\/p>\n

Bitcoin started a fresh recovery wave above the $86,800 zone.
\nThe price is trading below $87,200 and the 100 hourly Simple moving average.
\nThere is a key bearish trend line forming with resistance at $88,000 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 Faces Key Resistance<\/h2>\n

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

The bulls pushed the price above the $87,200 resistance level. There was even a move above the 61.8% Fib retracement level of the downward move from the $88,260 swing high to the $85,852 swing low. However, the bears seem to be active below the $88,000 level.<\/p>\n

Bitcoin price is now trading below $87,500 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 downward move from the $88,260 swing high to the $85,852 swing low.<\/p>\n

The first key resistance is near the $88,000 level. There is also a key bearish trend line forming with resistance at $88,000 on the hourly chart of the BTC\/USD pair. The next key resistance could be $88,250.<\/p>\n

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

A close above the $88,250 resistance might send the price further higher. In the stated case, the price could rise and test the $88,800 resistance level. Any more gains might send the price toward the $90,000 level or even $90,500.<\/p>\n

Another Decline 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 $86,800 level. The first major support is near the $86,400 level.<\/p>\n

The next support is now near the $85,850 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 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 $86,400, followed by $85,850.<\/p>\n

Major Resistance Levels \u2013 $88,000 and $88,250.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price remained supported above the $86,000 zone. BTC is now consolidating and might aim for a move above the $88,000 resistance zone. Bitcoin started a fresh recovery wave above the $86,800 zone. The price is trading below $87,200 and the 100 hourly Simple moving average. There is a key bearish trend line forming with […]<\/p>\n","protected":false},"author":0,"featured_media":55060,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-55059","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\/55059"}],"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=55059"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/55059\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/55060"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=55059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=55059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=55059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}