{"id":60686,"date":"2025-04-21T02:32:40","date_gmt":"2025-04-21T02:32:40","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=60686"},"modified":"2025-04-21T02:32:40","modified_gmt":"2025-04-21T02:32:40","slug":"bitcoin-price-breakout-in-progress-momentum-builds-above-resistance","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=60686","title":{"rendered":"Bitcoin Price Breakout In Progress\u2014Momentum Builds Above Resistance"},"content":{"rendered":"

Bitcoin price is slowly moving higher above the $86,500 zone. BTC is gaining pace and might continue higher in the near term.<\/em><\/p>\n

Bitcoin found support at $84,200 and started a recovery wave.
\nThe price is trading above $85,500 and the 100 hourly Simple moving average.
\nThere was a break above a connecting bearish trend line with resistance at $85,000 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 zone.<\/p>\n

Bitcoin Price Eyes Steady Increase<\/h2>\n

Bitcoin price remained stable above the $83,200 level and started a fresh increase<\/a>. BTC was able to climb above the $84,200 and $85,000 resistance levels.<\/p>\n

There was a break above a connecting bearish trend line with resistance at $85,000 on the hourly chart of the BTC\/USD pair. The bulls were able to pump the price above the $86,500 resistance. It even spiked above $87,000. A high is formed near $87,562 and the price might continue to rise unless there is a move below the 23.6% Fib retracement level of the upward move from the $84,007 swing low to the $87,562 high.<\/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 $87,500 level. The first key resistance is near the $88,000 level.<\/p>\n

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

The next key resistance could be $88,800. A close above the $88,800 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.<\/p>\n

Downside Correction In BTC?<\/h2>\n

If Bitcoin fails to rise above the $88,000 resistance zone, it could start a downside correction. Immediate support on the downside is near the $87,000 level. The first major support is near the $86,750 level.<\/p>\n

The next support is now near the $86,000 zone. Any more losses might send the price toward the $85,750 support or the 50% Fib retracement level of the upward move from the $84,007 swing low to the $87,562 high in the near term. The main support sits at $84,850.<\/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 $86,750, followed by $86,000.<\/p>\n

Major Resistance Levels \u2013 $87,500 and $88,000.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price is slowly moving higher above the $86,500 zone. BTC is gaining pace and might continue higher in the near term. Bitcoin found support at $84,200 and started a recovery wave. The price is trading above $85,500 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":60687,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-60686","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\/60686"}],"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=60686"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/60686\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/60687"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=60686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=60686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=60686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}