{"id":76475,"date":"2025-06-27T02:18:06","date_gmt":"2025-06-27T02:18:06","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=76475"},"modified":"2025-06-27T02:18:06","modified_gmt":"2025-06-27T02:18:06","slug":"bitcoin-price-sideways-action-builds-will-bulls-step-in-after-a-minor-dip","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=76475","title":{"rendered":"Bitcoin Price Sideways Action Builds \u2014 Will Bulls Step In After a Minor Dip?"},"content":{"rendered":"

Bitcoin price started a fresh increase above the $106,500 zone. BTC is now consolidating and might aim for a move above the $108,000 resistance.<\/em><\/p>\n

Bitcoin started a fresh increase above the $106,500 zone.
\nThe price is trading above $106,500 and the 100 hourly Simple moving average.
\nThere was a break below a bullish trend line with support at $107,300 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 Faces Resistance<\/h2>\n

Bitcoin price started a fresh increase<\/a> above the $104,200 zone. BTC gained pace and was able to climb above the $105,000 and $105,500 levels to enter a positive zone.<\/p>\n

The bulls pushed the price above the $106,500 resistance and the price tested the $108,150 zone. A high was formed at $108,165 and the price is now consolidating gains. There was a break below a bullish trend line with support at $107,300 on the hourly chart of the BTC\/USD pair.<\/p>\n

However, the price stayed above the 23.6% Fib retracement level of the upward move<\/a> from the $98,272 swing low to the $108,165 high. Bitcoin is now trading above $106,000 and the 100 hourly Simple moving average.<\/p>\n

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

On the upside, immediate resistance is near the $107,800 level. The first key resistance is near the $108,150 level or the 1.236 Fib extension level of the downward move from the $106,470 swing high to the $98,276 low. A close above the $108,150 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

Bearish Reaction In BTC?<\/h2>\n

If Bitcoin fails to rise above the $108,150 resistance zone, it could start another decline. Immediate support is near the $105,800 level. The first major support is near the $105,000 level.<\/p>\n

The next support is now near the $103,200 zone and the 50% Fib retracement level of the upward move from the $98,272 swing low to the $108,165 high. Any more losses might send the price toward the $102,500 support in the near term. The main support sits at $101,200, 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 $105,800, followed by $105,500.<\/p>\n

Major Resistance Levels \u2013 $107,800 and $108,150.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a fresh increase above the $106,500 zone. BTC is now consolidating and might aim for a move above the $108,000 resistance. Bitcoin started a fresh increase above the $106,500 zone. The price is trading above $106,500 and the 100 hourly Simple moving average. There was a break below a bullish trend line […]<\/p>\n","protected":false},"author":0,"featured_media":76476,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-76475","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\/76475"}],"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=76475"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/76475\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/76476"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=76475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=76475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=76475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}