{"id":62694,"date":"2025-04-29T03:01:16","date_gmt":"2025-04-29T03:01:16","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=62694"},"modified":"2025-04-29T03:01:16","modified_gmt":"2025-04-29T03:01:16","slug":"bitcoin-price-flirts-with-breakout-key-resistance-in-sight","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=62694","title":{"rendered":"Bitcoin Price Flirts With Breakout \u2014 Key Resistance In Sight"},"content":{"rendered":"

Bitcoin price is consolidating gains above the $94,000 zone. BTC is showing positive signs and might aim for a move above the $95,500 resistance zone.<\/em><\/p>\n

Bitcoin remained supported above the $93,500 zone.
\nThe price is trading above $94,000 and the 100 hourly Simple moving average.
\nThere is a connecting bullish trend line forming with support at $94,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could start another increase if it clears the $95,500 zone.<\/p>\n

Bitcoin Price Eyes Key Upside Break<\/h2>\n

Bitcoin price remained stable above the $93,500 level and started a fresh increase<\/a>. BTC was able to climb above the $94,000 and $94,200 resistance levels.<\/p>\n

The bulls were able to pump the price above the $95,200 resistance. The recent high was formed at $95,488 and the price started a downside correction. There was a drop below the $94,500 and $94,200 levels. The price dipped below the 50% Fib retracement level of the upward move from the $92,900 swing low to the $95,488 high.<\/p>\n

However, the bulls were active near the $93,500 support and the 76.4% Fib retracement level of the upward move from the $92,900 swing low to the $95,488 high.<\/p>\n

Bitcoin price is now trading above $94,200 and the 100 hourly Simple moving average<\/a>. There is also a connecting bullish trend line forming with support at $94,200 on the hourly chart of the BTC\/USD pair.<\/p>\n

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

On the upside, immediate resistance is near the $95,250 level. The first key resistance is near the $95,500 level. The next key resistance could be $96,250. A close above the $96,250 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 $98,800 level.<\/p>\n

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

If Bitcoin fails to rise above the $95,500 resistance zone, it could start another downside correction. Immediate support on the downside is near the $94,200 level and the trend line. The first major support is near the $93,500 level.<\/p>\n

The next support is now near the $92,900 zone. Any more losses might send the price toward the $92,500 support in the near term. The main support sits at $91,200.<\/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 $94,200, followed by $93,500.<\/p>\n

Major Resistance Levels \u2013 $95,250 and $95,500.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price is consolidating gains above the $94,000 zone. BTC is showing positive signs and might aim for a move above the $95,500 resistance zone. Bitcoin remained supported above the $93,500 zone. The price is trading above $94,000 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":62695,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-62694","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\/62694"}],"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=62694"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/62694\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/62695"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=62694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=62694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=62694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}