{"id":58994,"date":"2025-04-14T04:04:11","date_gmt":"2025-04-14T04:04:11","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=58994"},"modified":"2025-04-14T04:04:11","modified_gmt":"2025-04-14T04:04:11","slug":"bitcoin-price-rises-steadily-but-can-the-rally-hold-this-time","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=58994","title":{"rendered":"Bitcoin Price Rises Steadily\u2014But Can the Rally Hold This Time??"},"content":{"rendered":"

Bitcoin price started a fresh increase above the $82,500 zone. BTC is now consolidating gains and might attempt to clear the $85,850 resistance.<\/em><\/p>\n

Bitcoin started a fresh increase above the $83,200 zone.
\nThe price is trading above $82,500 and the 100 hourly Simple moving average.
\nThere was a break above a connecting bearish trend line with resistance at $84,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could start another increase if it clears the $85,500 zone.<\/p>\n

Bitcoin Price Rises Again<\/h2>\n

Bitcoin price started a fresh increase<\/a> above the $81,500 zone. BTC formed a base and gained pace for a move above the $82,500 and $83,200 resistance levels.<\/p>\n

The bulls pumped the price above the $84,500 resistance. A high was formed at $85,850 and the price recently started a downside correction<\/a>. There was a move below the $84,500 support. The price dipped below the 23.6% Fib retracement level of the upward move from the $78,600 swing low to the $85,850 high.<\/p>\n

However, the price remained stable above $82,200. Bitcoin price is now trading above $82,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $84,500 on the hourly chart of the BTC\/USD pair.<\/p>\n

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

On the upside, immediate resistance is near the $85,500 level. The first key resistance is near the $85,850 level. The next key resistance could be $86,500. A close above the $86,500 resistance might send the price further higher. In the stated case, the price could rise and test the $88,000 resistance level. Any more gains might send the price toward the $88,800 level.<\/p>\n

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

If Bitcoin fails to rise above the $85,500 resistance zone, it could continue to move down. Immediate support on the downside is near the $84,200 level. The first major support is near the $82,200 level and the 50% Fib retracement level of the upward move from the $78,600 swing low to the $85,850 high.<\/p>\n

The next support is now near the $81,200 zone. Any more losses might send the price toward the $80,500 support in the near term. The main support sits at $80,000.<\/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 $84,500, followed by $82,200.<\/p>\n

Major Resistance Levels \u2013 $85,500 and $85,800.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a fresh increase above the $82,500 zone. BTC is now consolidating gains and might attempt to clear the $85,850 resistance. Bitcoin started a fresh increase above the $83,200 zone. The price is trading above $82,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line […]<\/p>\n","protected":false},"author":0,"featured_media":58995,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-58994","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\/58994"}],"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=58994"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/58994\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/58995"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=58994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=58994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=58994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}