{"id":65021,"date":"2025-05-09T03:17:01","date_gmt":"2025-05-09T03:17:01","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=65021"},"modified":"2025-05-09T03:17:01","modified_gmt":"2025-05-09T03:17:01","slug":"bitcoin-price-surges-past-100k-bull-market-officially-back","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=65021","title":{"rendered":"Bitcoin Price Surges Past $100K\u2014Bull Market Officially Back?"},"content":{"rendered":"

Bitcoin price started a fresh surge above the $100,000 zone. BTC is rising and might aim for a move toward the $105,000 resistance.<\/em><\/p>\n

Bitcoin started a strong increase above the $98,500 resistance zone.
\nThe price is trading above $100,500 and the 100 hourly Simple moving average.
\nThere is a new connecting bullish trend line forming with support at $102,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could start another increase if it clears the $104,200 zone.<\/p>\n

Bitcoin Price Surges Over 8%<\/h2>\n

Bitcoin price started a fresh increase from the $95,500 support zone<\/a>. BTC formed a base and was able to clear the $98,000 resistance zone. The bulls even pushed the price above $100,000.<\/p>\n

The pair spiked above $103,500 and tested $104,200. A high is formed at $104,082 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $95,824 swing low to the $104,082 high.<\/p>\n

Bitcoin is now trading above $100,500 and the 100 hourly Simple moving average<\/a>. There is also a new connecting bullish trend line forming with support at $102,000 on the hourly chart of the BTC\/USD pair.<\/p>\n

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

On the upside, immediate resistance is near the $103,500 level. The first key resistance is near the $104,500 level. The next key resistance could be $105,000. A close above the $105,000 resistance might send the price further higher. In the stated case, the price could rise and test the $106,500 resistance level. Any more gains might send the price toward the $108,000 level.<\/p>\n

Are Dips Supported In BTC?<\/h2>\n

If Bitcoin fails to rise above the $103,500 resistance zone, it could start another downside correction. Immediate support on the downside is near the $102,200 level. The first major support is near the $100,000 level and the 50% Fib retracement level of the upward move from the $95,824 swing low to the $104,082 high.<\/p>\n

The next support is now near the $98,800 zone. Any more losses might send the price toward the $97,500 support in the near term. The main support sits at $96,200.<\/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 $102,200, followed by $100,000.<\/p>\n

Major Resistance Levels \u2013 $104,200 and $105,000.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a fresh surge above the $100,000 zone. BTC is rising and might aim for a move toward the $105,000 resistance. Bitcoin started a strong increase above the $98,500 resistance zone. The price is trading above $100,500 and the 100 hourly Simple moving average. There is a new connecting bullish trend line forming […]<\/p>\n","protected":false},"author":0,"featured_media":65022,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-65021","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\/65021"}],"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=65021"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/65021\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/65022"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=65021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=65021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=65021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}