{"id":84183,"date":"2025-07-28T03:12:24","date_gmt":"2025-07-28T03:12:24","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=84183"},"modified":"2025-07-28T03:12:24","modified_gmt":"2025-07-28T03:12:24","slug":"bitcoin-price-gears-up-for-fresh-rally-after-tight-range","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=84183","title":{"rendered":"Bitcoin Price Gears Up for Fresh Rally After Tight Range?"},"content":{"rendered":"

Bitcoin price is eyeing a fresh increase above the $118,500 resistance. BTC must clear the $120,500 resistance zone to gain bullish momentum in the near term.<\/em><\/p>\n

Bitcoin started a fresh increase after it cleared the $118,500 zone.
\nThe price is trading above $118,500 and the 100 hourly Simple moving average.
\nThere was a break above a key bearish trend line with resistance at $118,300 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might start another increase if it clears the $120,500 resistance zone.<\/p>\n

Bitcoin Price Aims Key Upside Break<\/h2>\n

Bitcoin price started a fresh increase<\/a> from the $115,000 zone. BTC climbed above the $116,500 and $117,800 resistance levels to move into a positive zone.<\/p>\n

Besides, there was a break above a key bearish trend line with resistance at $118,300 on the hourly chart of the BTC\/USD pair. The bulls were able to push the price above the $118,500 resistance. A high was formed at $119,795 and the pair is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $114,733 swing low to the $119,795 high.<\/p>\n

Bitcoin is now trading above $118,800 and the 100 hourly Simple moving average<\/a>. Immediate resistance on the upside is near the $119,800 level. The first key resistance is near the $120,000 level.<\/p>\n

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

The next resistance could be $120,500. A close above the $120,500 resistance might send the price further higher. In the stated case, the price could rise and test the $122,500 resistance level. Any more gains might send the price toward the $122,500 level. The main target could be $123,200.<\/p>\n

Another Drop In BTC?<\/h2>\n

If Bitcoin fails to rise above the $120,500 resistance zone, it could start another decline. Immediate support is near the $118,600 level. The first major support is near the $117,800 level.<\/p>\n

The next support is now near the $117,250 zone or the 50% Fib retracement level of the upward move from the $114,733 swing low to the $119,795 high. Any more losses might send the price toward the $116,600 support in the near term. The main support sits at $115,500, 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 $118,600, followed by $117,250.<\/p>\n

Major Resistance Levels \u2013 $119,800 and $120,500.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price is eyeing a fresh increase above the $118,500 resistance. BTC must clear the $120,500 resistance zone to gain bullish momentum in the near term. Bitcoin started a fresh increase after it cleared the $118,500 zone. The price is trading above $118,500 and the 100 hourly Simple moving average. There was a break above […]<\/p>\n","protected":false},"author":0,"featured_media":84184,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-84183","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\/84183"}],"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=84183"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/84183\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/84184"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=84183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=84183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=84183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}