{"id":77572,"date":"2025-07-02T02:14:33","date_gmt":"2025-07-02T02:14:33","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=77572"},"modified":"2025-07-02T02:14:33","modified_gmt":"2025-07-02T02:14:33","slug":"bitcoin-price-trims-gains-bulls-lose-steam-near-resistance","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=77572","title":{"rendered":"Bitcoin Price Trims Gains \u2014 Bulls Lose Steam Near Resistance"},"content":{"rendered":"

Bitcoin price started a fresh decline from the $108,800 zone. BTC is now consolidating and might aim for a move above the $106,500 resistance.<\/em><\/p>\n

Bitcoin started a downside correction from the $108,800 zone.
\nThe price is trading below $107,000 and the 100 hourly Simple moving average.
\nThere is a bearish trend line forming with resistance at $106,000 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 $105,000 zone.<\/p>\n

Bitcoin Price Dips Further<\/h2>\n

Bitcoin price failed to surpass the $108,800 resistance<\/a> and started a fresh decline. BTC declined below the $107,000 level.<\/p>\n

The bears even pushed the price below the $106,000 level. A low was formed at $105,116 and the price is now trading in a range below the 23.6% Fib retracement level of the downward move from the $108,792 swing high to the $105,116 low.<\/p>\n

Bitcoin is now trading below $107,000 and the 100 hourly Simple moving average<\/a>. On the upside, immediate resistance is near the $106,000 level. There is also a bearish trend line forming with resistance at $106,000 on the hourly chart of the BTC\/USD pair.<\/p>\n

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

The first key resistance is near the $106,500 level. A close above the $106,500 resistance might send the price further higher. In the stated case, the price could rise and test the $107,000 resistance level. It is close to the 50% Fib level of the downward move from the $108,792 swing high to the $105,116 low. Any more gains might send the price toward the $108,000 level.<\/p>\n

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

If Bitcoin fails to rise above the $106,500 resistance zone, it could start another decline. Immediate support is near the $105,500 level. The first major support is near the $105,000 level.<\/p>\n

The next support is now near the $104,200 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 continue to move down.<\/p>\n

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now losing pace in the bearish 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 $105,500, followed by $105,000.<\/p>\n

Major Resistance Levels \u2013 $106,500 and $107,000.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a fresh decline from the $108,800 zone. BTC is now consolidating and might aim for a move above the $106,500 resistance. Bitcoin started a downside correction from the $108,800 zone. The price is trading below $107,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance […]<\/p>\n","protected":false},"author":0,"featured_media":77573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-77572","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\/77572"}],"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=77572"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/77572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/77573"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=77572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=77572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=77572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}