{"id":69620,"date":"2025-05-28T01:17:49","date_gmt":"2025-05-28T01:17:49","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=69620"},"modified":"2025-05-28T01:17:49","modified_gmt":"2025-05-28T01:17:49","slug":"bitcoin-price-consolidates-gains-is-a-breakout-brewing-in-the-range","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=69620","title":{"rendered":"Bitcoin Price Consolidates Gains \u2014 Is a Breakout Brewing in the Range?"},"content":{"rendered":"

Bitcoin price started a fresh increase above the $108,000 zone. BTC is now consolidating gains and might aim for a move above $110,750<\/em><\/p>\n

Bitcoin started a fresh upward move above the $108,000 zone.
\nThe price is trading above $108,000 and the 100 hourly Simple moving average.
\nThere is a connecting bullish trend line forming with support at $108,800 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could gain bullish momentum if it clears the $110,750 resistance.<\/p>\n

Bitcoin Price Consolidates Gains<\/h2>\n

Bitcoin price found support near the $107,400 zone and recently started an upside correction<\/a>. BTC traded above the $108,000 and $108,500 resistance levels.<\/p>\n

The price even spiked above the $110,000 resistance zone. However, the bears were active near the $110,750 level. There was a downside correction and the price traded below the $110,000 level. The price dipped below the 50% Fib retracement level of the recent move from the $107,600 swing low to the $110,742 high.<\/p>\n

Bitcoin is now trading above $108,000 and the 100 hourly Simple moving average<\/a>. There is also a connecting bullish trend line forming with support at $108,800 on the hourly chart of the BTC\/USD pair.<\/p>\n

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

On the upside, immediate resistance is near the $110,000 level. The first key resistance is near the $110,750 level. The next key resistance could be $111,800. A close above the $111,800 resistance might send the price further higher. In the stated case, the price could rise and test the $113,000 resistance level. Any more gains might send the price toward the $115,000 level.<\/p>\n

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

If Bitcoin fails to rise above the $110,750 resistance zone, it could start another correction. Immediate support on is near the $108,500 level. The first major support is near the $108,350 level and the 76.4% Fib level of the recent move from the $107,600 swing low to the $110,742 high.<\/p>\n

The next support is now near the $107,850 zone. Any more losses might send the price toward the $106,500 support in the near term. The main support sits at $105,000, 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 below the 50 level.<\/p>\n

Major Support Levels \u2013 $108,500, followed by $107,500.<\/p>\n

Major Resistance Levels \u2013 $110,000 and $110,750.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a fresh increase above the $108,000 zone. BTC is now consolidating gains and might aim for a move above $110,750 Bitcoin started a fresh upward move above the $108,000 zone. The price is trading above $108,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with […]<\/p>\n","protected":false},"author":0,"featured_media":69621,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-69620","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\/69620"}],"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=69620"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/69620\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/69621"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=69620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=69620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=69620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}