{"id":67291,"date":"2025-05-19T02:33:13","date_gmt":"2025-05-19T02:33:13","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=67291"},"modified":"2025-05-19T02:33:13","modified_gmt":"2025-05-19T02:33:13","slug":"bitcoin-price-inches-toward-all-time-high-can-momentum-finish-the-job","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=67291","title":{"rendered":"Bitcoin Price Inches Toward All-Time High \u2014 Can Momentum Finish the Job?"},"content":{"rendered":"

Bitcoin price started a fresh increase and cleared the $105,500 zone. BTC is now consolidating and might aim for another increase toward $108,000<\/em><\/p>\n

Bitcoin started a fresh upward move from the $102,500 zone.
\nThe price is trading above $103,500 and the 100 hourly Simple moving average.
\nThere is a key bullish trend line forming with support at $104,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could gain bullish momentum if it clears the $106,000 resistance.<\/p>\n

Bitcoin Price Extends Gains<\/h2>\n

Bitcoin price started a fresh increase from the $102,500 support zone<\/a>. BTC formed a base and was able to clear the $103,500 resistance zone. The bulls even pushed the price above $104,200.<\/p>\n

The bulls even pumped the price above $105,000. A high was formed at $107,042 and the price is now correcting gains. There was a move below the $105,500 level. The price dipped below the 50% Fib retracement level of the upward move from the $103,346 swing low to the $107,042 high.<\/p>\n

However, it is stable above $104,000. There is also a key bullish trend line<\/a> forming with support at $104,200 on the hourly chart of the BTC\/USD pair. Bitcoin is now trading above $104,500 and the 100 hourly Simple moving average.<\/p>\n

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

On the upside, immediate resistance is near the $105,500 level. The first key resistance is near the $106,000 level. The next key resistance could be $107,500. A close above the $107,500 resistance might send the price further higher. In the stated case, the price could rise and test the $108,800 resistance level. Any more gains might send the price toward the $110,000 level and a new all-time high.<\/p>\n

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

If Bitcoin fails to rise above the $105,500 resistance zone, it could start another correction. Immediate support on the downside is near the $104,500 level. The first major support is near the $104,200 level and the trend line.<\/p>\n

The next support is now near the $103,500 zone. Any more losses might send the price toward the $102,200 support in the near term. The main support sits at $100,500, below which BTC might gain bearish momentum.<\/p>\n

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now losing 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 $104,200, followed by $103,500.<\/p>\n

Major Resistance Levels \u2013 $105,500 and $106,000.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a fresh increase and cleared the $105,500 zone. BTC is now consolidating and might aim for another increase toward $108,000 Bitcoin started a fresh upward move from the $102,500 zone. The price is trading above $103,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with […]<\/p>\n","protected":false},"author":0,"featured_media":67292,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-67291","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\/67291"}],"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=67291"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/67291\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/67292"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=67291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=67291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=67291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}