{"id":78661,"date":"2025-07-07T02:27:36","date_gmt":"2025-07-07T02:27:36","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=78661"},"modified":"2025-07-07T02:27:36","modified_gmt":"2025-07-07T02:27:36","slug":"bitcoin-price-resumes-upward-move-can-it-break-new-highs","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=78661","title":{"rendered":"Bitcoin Price Resumes Upward Move \u2014 Can It Break New Highs?"},"content":{"rendered":"

Bitcoin price started a fresh increase above the $108,500 zone. BTC is now consolidating and might aim for more gains above the $110,000 resistance.<\/em><\/p>\n

Bitcoin started a fresh increase above the $108,500 zone.
\nThe price is trading above $108,500 and the 100 hourly Simple moving average.
\nThere was a break above a key bearish trend line with resistance at $109,350 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 $108,350 zone.<\/p>\n

Bitcoin Price Eyes More Gains<\/h2>\n

Bitcoin price started a fresh increase<\/a> after it settled above the $107,500 resistance. BTC cleared many hurdles near $108,000 to start a decent increase.<\/p>\n

The bulls pushed the price in a positive zone above the $108,500 level. The price gained pace for a move above the 50% Fib retracement level of the downward move from the $110,515 swing high to the $107,299 low. Besides, there was a break above a key bearish trend line with resistance at $109,350 on the hourly chart of the BTC\/USD pair.<\/p>\n

Bitcoin is now trading above $108,500 and the 100 hourly Simple moving average<\/a>. On the upside, immediate resistance is near the $109,750 level. It is close to the 76.4% Fib retracement level of the downward move from the $110,515 swing high to the $107,299 low.<\/p>\n

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

The first key resistance is near the $110,000 level. A close above the $110,000 resistance might send the price further higher. In the stated case, the price could rise and test the $112,000 resistance level. Any more gains might send the price toward the $113,200 level. The main target could be $115,000.<\/p>\n

Downside Correction In BTC?<\/h2>\n

If Bitcoin fails to rise above the $110,000 resistance zone, it could start another decline. Immediate support is near the $108,800 level. The first major support is near the $108,350 level.<\/p>\n

The next support is now near the $107,250 zone. Any more losses might send the price toward the $106,400 support in the near term. The main support sits at $105,000, below which BTC might continue to move down.<\/p>\n

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now gaining 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 $108,800, followed by $108,350.<\/p>\n

Major Resistance Levels \u2013 $110,000 and $110,500.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a fresh increase above the $108,500 zone. BTC is now consolidating and might aim for more gains above the $110,000 resistance. Bitcoin started a fresh increase above the $108,500 zone. The price is trading above $108,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend […]<\/p>\n","protected":false},"author":0,"featured_media":78662,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-78661","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\/78661"}],"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=78661"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/78661\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/78662"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=78661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=78661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=78661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}