{"id":55877,"date":"2025-04-01T02:37:31","date_gmt":"2025-04-01T02:37:31","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=55877"},"modified":"2025-04-01T02:37:31","modified_gmt":"2025-04-01T02:37:31","slug":"bitcoin-price-battles-key-hurdles-is-a-breakout-still-possible","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=55877","title":{"rendered":"Bitcoin Price Battles Key Hurdles\u2014Is a Breakout Still Possible?"},"content":{"rendered":"

Bitcoin price started another decline below the $83,500 zone. BTC is now consolidating and might struggle to recover above the $83,850 zone.<\/em><\/p>\n

Bitcoin started a fresh decline below the $83,200 support zone.
\nThe price is trading below $83,000 and the 100 hourly Simple moving average.
\nThere is a connecting bullish trend line forming with support at $82,550 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could start another decline if it stays below the $83,850 resistance zone.<\/p>\n

Bitcoin Price Faces Resistance<\/h2>\n

Bitcoin price failed to start a recovery wave and remained below the $85,500 level<\/a>. BTC started another decline and traded below the support area at $83,500. The bears gained strength for a move below the $82,500 support zone.<\/p>\n

The price even declined below the $82,000 level. A low was formed at $81,320 before there was a recovery wave. There was a move above the $82,500 level, but the bears were active near $83,850. The price is now consolidating and there was a drop below the 50% Fib retracement level of the upward move from the $81,320 swing low to the $83,870 high.<\/p>\n

Bitcoin price is now trading below $83,250 and the 100 hourly Simple moving average<\/a>. There is also a connecting bullish trend line forming with support at $82,550 on the hourly chart of the BTC\/USD pair. On the upside, immediate resistance is near the $83,250 level. The first key resistance is near the $83,850 level.<\/p>\n

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

The next key resistance could be $84,200. A close above the $84,200 resistance might send the price further higher. In the stated case, the price could rise and test the $84,800 resistance level. Any more gains might send the price toward the $85,000 level or even $85,500.<\/p>\n

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

If Bitcoin fails to rise above the $83,850 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $82,550 level. The first major support is near the $82,250 level and the 61.8% Fib retracement level of the upward move from the $81,320 swing low to the $83,870 high.<\/p>\n

The next support is now near the $81,250 zone. Any more losses might send the price toward the $80,000 support in the near term. The main support sits at $78,500.<\/p>\n

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now losing 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 $81,250.<\/p>\n

Major Resistance Levels \u2013 $83,250 and $83,850.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started another decline below the $83,500 zone. BTC is now consolidating and might struggle to recover above the $83,850 zone. Bitcoin started a fresh decline below the $83,200 support zone. The price is trading below $83,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support […]<\/p>\n","protected":false},"author":0,"featured_media":55878,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-55877","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\/55877"}],"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=55877"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/55877\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/55878"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=55877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=55877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=55877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}