{"id":60156,"date":"2025-04-18T02:37:52","date_gmt":"2025-04-18T02:37:52","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=60156"},"modified":"2025-04-18T02:37:52","modified_gmt":"2025-04-18T02:37:52","slug":"bitcoin-price-gears-up-for-next-leg-higher-upside-potential-builds","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=60156","title":{"rendered":"Bitcoin Price Gears Up for Next Leg Higher\u2014Upside Potential Builds"},"content":{"rendered":"

Bitcoin price is slowly moving higher above the $83,500 zone. BTC must clear the $85,200 resistance zone to continue higher in the near term.<\/em><\/p>\n

Bitcoin found support at $83,200 and started a recovery wave.
\nThe price is trading above $84,500 and the 100 hourly Simple moving average.
\nThere was a break above a connecting bearish trend line with resistance at $84,650 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could start another increase if it clears the $85,200 zone.<\/p>\n

Bitcoin Price Eyes Fresh Upside<\/h2>\n

Bitcoin price started a fresh decline<\/a> below the $86,200 and $85,500 levels. BTC even declined below the $84,00 level before the bulls appeared.<\/p>\n

The price tested the $83,200 support. A low was formed at $83,171 and the price recently started a recovery wave<\/a>. The price climbed above the $84,500 resistance zone. There was a break above the 50% Fib retracement level of the downward move from the $86,400 swing high to the $83,171 low.<\/p>\n

Besides, there was a break above a connecting bearish trend line with resistance at $84,650 on the hourly chart of the BTC\/USD pair. Bitcoin price is now trading above $84,500 and the 100 hourly Simple moving average.<\/p>\n

On the upside, immediate resistance is near the $85,200 level. It is near the 61.8% Fib retracement level of the downward move from the $86,400 swing high to the $83,171 low. The first key resistance is near the $85,500 level. The next key resistance could be $86,500.<\/p>\n

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

A close above the $86,500 resistance might send the price further higher. In the stated case, the price could rise and test the $87,200 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 $85,200 resistance zone, it could start another decline. Immediate support on the downside is near the $84,500 level. The first major support is near the $84,000 level.<\/p>\n

The next support is now near the $83,200 zone. Any more losses might send the price toward the $82,500 support in the near term. The main support sits at $81,800.<\/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 $83,200.<\/p>\n

Major Resistance Levels \u2013 $85,200 and $85,500.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price is slowly moving higher above the $83,500 zone. BTC must clear the $85,200 resistance zone to continue higher in the near term. Bitcoin found support at $83,200 and started a recovery wave. The price is trading above $84,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish […]<\/p>\n","protected":false},"author":0,"featured_media":60157,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-60156","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\/60156"}],"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=60156"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/60156\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/60157"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=60156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=60156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=60156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}