{"id":67872,"date":"2025-05-21T02:39:01","date_gmt":"2025-05-21T02:39:01","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=67872"},"modified":"2025-05-21T02:39:01","modified_gmt":"2025-05-21T02:39:01","slug":"bitcoin-price-builds-base-consolidates-gains-ahead-of-potential-ath-breakouts","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=67872","title":{"rendered":"Bitcoin Price Builds Base \u2014 Consolidates Gains Ahead of Potential ATH Breakouts"},"content":{"rendered":"

Bitcoin price started a fresh increase and cleared the $106,500 zone. BTC is now consolidating and might aim for another increase toward $110,000<\/em><\/p>\n

Bitcoin started a fresh upward move from the $105,000 zone.
\nThe price is trading above $106,000 and the 100 hourly Simple moving average.
\nThere was a break above a connecting bearish trend line with resistance at $106,400 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could gain bullish momentum if it clears the $107,200 resistance.<\/p>\n

Bitcoin Price Moves Higher Toward New ATH<\/h2>\n

Bitcoin price started a fresh increase<\/a> from the $103,200 support zone. BTC formed a base and was able to clear the $105,000 resistance zone. The bulls pushed the price above $105,500.<\/p>\n

There was a break above a connecting bearish trend line with resistance at $106,400 on the hourly chart of the BTC\/USD pair. The bulls even pumped the price above the $107,000 resistance zone. However, the price failed to extend gains.<\/p>\n

A high was formed at $107,262 and the price is now consolidating gains<\/a> near the same trend line. There was a minor decline below the 23.6% Fib retracement level of the upward move from the $104,269 swing low to the $107,262 high.<\/p>\n

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

Bitcoin is now trading above $106,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $107,000 level. The first key resistance is near the $107,200 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 $107,000 resistance zone, it could start another correction. Immediate support on the downside is near the $106,250 level. The first major support is near the $105,400 level and the 61.8% Fib retracement level of the upward move from the $104,269 swing low to the $107,262 high.<\/p>\n

The next support is now near the $104,250 zone. Any more losses might send the price toward the $103,500 support in the near term. The main support sits at $102,500, 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 $105,400, followed by $104,250.<\/p>\n

Major Resistance Levels \u2013 $107,200 and $107,500.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a fresh increase and cleared the $106,500 zone. BTC is now consolidating and might aim for another increase toward $110,000 Bitcoin started a fresh upward move from the $105,000 zone. The price is trading above $106,000 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend […]<\/p>\n","protected":false},"author":0,"featured_media":67873,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-67872","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\/67872"}],"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=67872"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/67872\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/67873"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=67872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=67872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=67872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}