{"id":73801,"date":"2025-06-17T02:19:34","date_gmt":"2025-06-17T02:19:34","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=73801"},"modified":"2025-06-17T02:19:34","modified_gmt":"2025-06-17T02:19:34","slug":"bitcoin-price-struggles-for-momentum-amid-rising-global-conflict-fears","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=73801","title":{"rendered":"Bitcoin Price Struggles for Momentum Amid Rising Global Conflict Fears"},"content":{"rendered":"

Bitcoin price started a fresh increase and tested the $108,800 zone. BTC is struggling to rise further and is correcting gains below $108,000.<\/em><\/p>\n

Bitcoin started a fresh increase above the $107,000 zone.
\nThe price is trading above $106,800 and the 100 hourly Simple moving average.
\nThere was a break below a bullish trend line with support at $107,800 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could start a fresh increase if it stays above the $105,500 zone.<\/p>\n

Bitcoin Price Starts Fresh Increase<\/h2>\n

Bitcoin price started a fresh increase<\/a> from the $104,500 support zone. BTC climbed above the $105,500 and $106,200 levels to enter a positive zone.<\/p>\n

The price even jumped above the $108,000 resistance. However, the bears remained active amid rising global conflict fears. A high was formed at $108,898 and the price is now correcting gains. There was a move below the $108,000 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $104,529 swing low to the $108,898 high.<\/p>\n

Besides, there was a break below a bullish trend line with support at $107,800 on the hourly chart of the BTC\/USD pair. Bitcoin is now trading above $106,800 and the 100 hourly Simple moving average<\/a>.<\/p>\n

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

On the upside, immediate resistance is near the $107,600 level. The first key resistance is near the $108,000 level. The next key resistance could be $108,800. A close above the $108,800 resistance might send the price further higher. In the stated case, the price could rise and test the $110,000 resistance level. Any more gains might send the price toward the $112,000 level.<\/p>\n

More Losses In BTC?<\/h2>\n

If Bitcoin fails to rise above the $108,000 resistance zone, it could start another decline. Immediate support is near the $106,700 level and the 50% Fib retracement level of the upward move from the $104,529 swing low to the $108,898 high. The first major support is near the $106,200 level.<\/p>\n

The next support is now near the $105,500 zone. Any more losses might send the price toward the $103,500 support in the near term. The main support sits at $102,000, below which BTC might gain bearish momentum.<\/p>\n

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone.<\/p>\n

Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now near the 50 level.<\/p>\n

Major Support Levels \u2013 $106,700, followed by $105,500.<\/p>\n

Major Resistance Levels \u2013 $107,600 and $108,000.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a fresh increase and tested the $108,800 zone. BTC is struggling to rise further and is correcting gains below $108,000. Bitcoin started a fresh increase above the $107,000 zone. The price is trading above $106,800 and the 100 hourly Simple moving average. There was a break below a bullish trend line with […]<\/p>\n","protected":false},"author":0,"featured_media":73802,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-73801","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\/73801"}],"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=73801"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/73801\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/73802"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=73801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=73801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=73801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}