{"id":81133,"date":"2025-07-16T03:01:48","date_gmt":"2025-07-16T03:01:48","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=81133"},"modified":"2025-07-16T03:01:48","modified_gmt":"2025-07-16T03:01:48","slug":"bitcoin-price-dips-is-this-the-calm-before-the-surge-or-the-storm","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=81133","title":{"rendered":"Bitcoin Price Dips \u2014 Is This the Calm Before the Surge or the Storm?"},"content":{"rendered":"

Bitcoin price started a downside correction from the $123,200 zone. BTC is now trading below $120,000 and might find bids near the $115,500 zone.<\/em><\/p>\n

Bitcoin started a fresh decline from the new all-time high near $123,200.
\nThe price is trading below $120,000 and the 100 hourly Simple moving average.
\nThere was a break above a bearish trend line with resistance at $117,300 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might start another increase if it clears the $120,000 resistance zone.<\/p>\n

Bitcoin Price Corrects From New ATH<\/h2>\n

Bitcoin price started a fresh increase<\/a> after it cleared the $118,500 resistance zone. BTC gained pace for a move above the $120,000 and $122,000 resistance.<\/p>\n

The bulls even pumped the pair above the $123,000 zone. A new all-time high was formed at $123,140 and the price is now correcting gains. There was a move below the 23.6% Fib retracement level of the upward move from the $108,636 swing low to the $123,140 high.<\/p>\n

Bitcoin is now trading below $120,500 and the 100 hourly Simple moving average<\/a>. However, the price is holding the 50% Fib level of the upward move from the $108,636 swing low to the $123,140 high.<\/p>\n

Besides, there was a break above a bearish trend line with resistance at $117,300 on the hourly chart of the BTC\/USD pair. Immediate resistance on the upside is near the $118,500 level. The first key resistance is near the $120,000 level. The next resistance could be $122,000.<\/p>\n

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

A close above the $122,000 resistance might send the price further higher. In the stated case, the price could rise and test the $123,200 resistance level. Any more gains might send the price toward the $125,000 level. The main target could be $130,000.<\/p>\n

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

If Bitcoin fails to rise above the $120,000 resistance zone, it could continue to move down. Immediate support is near the $115,850 level. The first major support is near the $115,500 level.<\/p>\n

The next support is now near the $114,150 zone. Any more losses might send the price toward the $112,500 support in the near term. The main support sits at $110,500, 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 $115,500, followed by $114,150.<\/p>\n

Major Resistance Levels \u2013 $120,000 and $122,000.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a downside correction from the $123,200 zone. BTC is now trading below $120,000 and might find bids near the $115,500 zone. Bitcoin started a fresh decline from the new all-time high near $123,200. The price is trading below $120,000 and the 100 hourly Simple moving average. There was a break above a […]<\/p>\n","protected":false},"author":0,"featured_media":81134,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-81133","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\/81133"}],"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=81133"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/81133\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/81134"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=81133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=81133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=81133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}