{"id":61274,"date":"2025-04-23T02:38:21","date_gmt":"2025-04-23T02:38:21","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=61274"},"modified":"2025-04-23T02:38:21","modified_gmt":"2025-04-23T02:38:21","slug":"crypto-comeback-bitcoin-surges-10-in-sudden-upside-move","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=61274","title":{"rendered":"Crypto Comeback? Bitcoin Surges 10%+ in Sudden Upside Move"},"content":{"rendered":"

Bitcoin price is moving higher above the $92,500 zone. BTC is gaining pace and might continue higher above the $94,000 zone in the near term.<\/em><\/p>\n

Bitcoin found support at $88,000 and started a decent upward move.
\nThe price is trading above $90,500 and the 100 hourly Simple moving average.
\nThere is a connecting bullish trend line forming with support at $90,150 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could start another increase if it clears the $94,000 zone.<\/p>\n

Bitcoin Price Gains Over 10%<\/h2>\n

Bitcoin price remained stable above the $85,000 level and started a fresh increase<\/a>. BTC was able to climb above the $88,000 and $90,000 resistance levels.<\/p>\n

The bulls were able to pump the price above the $92,000 resistance. It even spiked and tested the $94,000 resistance zone. A high is formed near $93,888 and the price is consolidating gains above the 23.6% Fib retracement level of the upward move from the $86,400 swing low to the $93,888 high.<\/p>\n

Bitcoin price is now trading above $91,500 and the 100 hourly Simple moving average<\/a>. There is also a connecting bullish trend line forming with support at $90,150 on the hourly chart of the BTC\/USD pair.<\/p>\n

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

On the upside, immediate resistance is near the $93,500 level. The first key resistance is near the $94,000 level. The next key resistance could be $95,000. A close above the $96,500 resistance might send the price further higher. In the stated case, the price could rise and test the $97,500 resistance level. Any more gains might send the price toward the $98,000 level.<\/p>\n

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

If Bitcoin fails to rise above the $94,000 resistance zone, it could start a downside correction. Immediate support on the downside is near the $92,000 level. The first major support is near the $91,500 level.<\/p>\n

The next support is now near the $90,150 zone, the trend line, and the 50% Fib retracement level of the upward move from the $86,400 swing low to the $93,888 high. Any more losses might send the price toward the $88,800 support in the near term. The main support sits at $87,500.<\/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 $92,000, followed by $90,150.<\/p>\n

Major Resistance Levels \u2013 $94,000 and $95,000.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price is moving higher above the $92,500 zone. BTC is gaining pace and might continue higher above the $94,000 zone in the near term. Bitcoin found support at $88,000 and started a decent upward move. The price is trading above $90,500 and the 100 hourly Simple moving average. There is a connecting bullish trend […]<\/p>\n","protected":false},"author":0,"featured_media":61275,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-61274","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\/61274"}],"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=61274"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/61274\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/61275"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}