{"id":86565,"date":"2025-08-07T02:28:41","date_gmt":"2025-08-07T02:28:41","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=86565"},"modified":"2025-08-07T02:28:41","modified_gmt":"2025-08-07T02:28:41","slug":"bitcoin-price-tries-to-climb-again-bulls-eye-short-term-upside","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=86565","title":{"rendered":"Bitcoin Price Tries to Climb Again \u2013 Bulls Eye Short-Term Upside"},"content":{"rendered":"

Bitcoin price is attempting to recover above the $114,200 zone. BTC is now consolidating and might attempt to clear the $115,500 resistance zone.<\/em><\/p>\n

Bitcoin started a recovery wave above the $113,500 zone.
\nThe price is trading above $114,000 and the 100 hourly Simple moving average.
\nThere was a break above a bearish trend line with resistance at $114,300 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might start another increase if it clears the $115,500 resistance zone.<\/p>\n

Bitcoin Price Attempts Recovery<\/h2>\n

Bitcoin price found support near the $112,000 zone and started a recovery<\/a> wave. BTC was able to climb above the $113,500 and $114,200 resistance levels.<\/p>\n

Besides, there was a break above a bearish trend line with resistance at $114,300 on the hourly chart of the BTC\/USD pair. The price climbed toward the 50% Fib retracement level of the move from the $118,918 swing high to the $112,000 low.<\/p>\n

However, the bears were active near the $115,500 resistance and the price struggled to continue higher. Bitcoin is now trading above $114,000 and the 100 hourly Simple moving average.<\/p>\n

Immediate resistance on the upside is near the $115,000 level. The first key resistance<\/a> is near the $115,500 level. The next resistance could be $116,250 or the 61.8% Fib retracement level of the move from the $118,918 swing high to the $112,000 low.<\/p>\n

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

A close above the $116,250 resistance might send the price further higher. In the stated case, the price could rise and test the $117,500 resistance level. Any more gains might send the price toward the $118,000 level. The main target could be $120,000.<\/p>\n

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

If Bitcoin fails to rise above the $115,500 resistance zone, it could start another decline. Immediate support is near the $114,200 level. The first major support is near the $113,500 level.<\/p>\n

The next support is now near the $112,000 zone. Any more losses might send the price toward the $110,500 support in the near term. The main support sits at $108,500, 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 above the 50 level.<\/p>\n

Major Support Levels \u2013 $113,500, followed by $112,000.<\/p>\n

Major Resistance Levels \u2013 $115,500 and $117,500.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price is attempting to recover above the $114,200 zone. BTC is now consolidating and might attempt to clear the $115,500 resistance zone. Bitcoin started a recovery wave above the $113,500 zone. The price is trading above $114,000 and the 100 hourly Simple moving average. There was a break above a bearish trend line with […]<\/p>\n","protected":false},"author":0,"featured_media":86566,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-86565","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\/86565"}],"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=86565"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/86565\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/86566"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=86565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=86565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=86565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}