{"id":79574,"date":"2025-07-10T02:18:02","date_gmt":"2025-07-10T02:18:02","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=79574"},"modified":"2025-07-10T02:18:02","modified_gmt":"2025-07-10T02:18:02","slug":"bitcoin-breakout-alert-price-turns-green-as-bulls-step-in","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=79574","title":{"rendered":"Bitcoin Breakout Alert \u2014 Price Turns Green as Bulls Step In"},"content":{"rendered":"

Bitcoin price started a fresh increase above the $108,500 zone. BTC is now up over 3% and showing positive signs above the $110,000 level.<\/em><\/p>\n

Bitcoin started a fresh increase above the $108,500 zone.
\nThe price is trading above $110,500 and the 100 hourly Simple moving average.
\nThere was a break above a bearish trend line with resistance at $108,800 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could continue to rise if it clears the $112,000 resistance zone.<\/p>\n

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

Bitcoin price started a fresh increase after it cleared the $108,500 resistance zone<\/a>. BTC gained pace for a move above the $108,800 and $109,500 resistance.<\/p>\n

Besides, there was a break above a bearish trend line with resistance at $108,800 on the hourly chart of the BTC\/USD pair. The bulls even pumped the pair above the $110,000 resistance zone. It opened the doors for a move toward the $112,000 level.<\/p>\n

A high was formed at $112,000 and the price is now consolidating gains<\/a>. It tested the 23.6% Fib retracement level of the upward move from the $107,500 swing low to the $112,000 high.<\/p>\n

Bitcoin is now trading above $109,500 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $111,600 level. The first key resistance is near the $112,000 level. The next resistance could be $112,500.<\/p>\n

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

A close above the $112,500 resistance might send the price further higher. In the stated case, the price could rise and test the $115,000 resistance level. Any more gains might send the price toward the $116,000 level. The main target could be $118,000.<\/p>\n

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

If Bitcoin fails to rise above the $112,000 resistance zone, it could start a downside correction. Immediate support is near the $110,800 level. The first major support is near the $109,750 level or the 50% Fib retracement level of the upward move from the $107,500 swing low to the $112,000 high.<\/p>\n

The next support is now near the $109,200 zone. Any more losses might send the price toward the $108,500 support in the near term. The main support sits at $107,500, 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 $110,800, followed by $109,750.<\/p>\n

Major Resistance Levels \u2013 $112,000 and $115,000.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a fresh increase above the $108,500 zone. BTC is now up over 3% and showing positive signs above the $110,000 level. Bitcoin started a fresh increase above the $108,500 zone. The price is trading above $110,500 and the 100 hourly Simple moving average. There was a break above a bearish trend line […]<\/p>\n","protected":false},"author":0,"featured_media":79575,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-79574","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\/79574"}],"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=79574"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/79574\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/79575"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=79574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=79574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=79574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}