{"id":87626,"date":"2025-08-12T02:39:00","date_gmt":"2025-08-12T02:39:00","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=87626"},"modified":"2025-08-12T02:39:00","modified_gmt":"2025-08-12T02:39:00","slug":"bitcoin-price-eases-from-highs-bounce-back-on-the-horizon","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=87626","title":{"rendered":"Bitcoin Price Eases From Highs\u2014Bounce Back on the Horizon?"},"content":{"rendered":"

Bitcoin price is correcting gains from the $122,250 zone. BTC is now consolidating and might aim for a move toward the $120,500 resistance zone.<\/em><\/p>\n

Bitcoin started a fresh increase above the $118,500 zone.
\nThe price is trading above $118,000 and the 100 hourly Simple moving average.
\nThere was a break below a key bullish trend line with support at $119,500 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 Fresh Increase<\/h2>\n

Bitcoin price found support near the $115,500 zone and started a fresh increase<\/a>. BTC was able to climb above the $117,500 and $118,800 resistance levels.<\/p>\n

The price even cleared the $120,500 resistance to move into a positive zone. Finally, the price tested the $122,250 resistance zone. A high was formed at $122,273 and the price recently corrected some gains. There was a move below the $120,500 level.<\/p>\n

The price dipped below the 50% Fib retracement level of the upward move from the $116,282 swing low to the $122,273 high. Besides, there was a break below a key bullish trend line with support at $119,500 on the hourly chart of the BTC\/USD pair.<\/p>\n

Bitcoin is now trading above $118,000 and the 100 hourly Simple moving average<\/a>. Immediate resistance on the upside is near the $119,250 level. The first key resistance is near the $120,500 level.<\/p>\n

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

The next resistance could be $121,250. A close above the $121,250 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 $124,000 level. The main target could be $125,000.<\/p>\n

More Losses 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 $118,200 level. The first major support is near the $117,800 level.<\/p>\n

The next support is now near the $116,550 zone. Any more losses might send the price toward the $115,500 support in the near term. The main support sits at $113,500, 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 bullish 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 $118,200, followed by $116,550.<\/p>\n

Major Resistance Levels \u2013 $119,250 and $120,500.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price is correcting gains from the $122,250 zone. BTC is now consolidating and might aim for a move toward the $120,500 resistance zone. Bitcoin started a fresh increase above the $118,500 zone. The price is trading above $118,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend […]<\/p>\n","protected":false},"author":0,"featured_media":87627,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-87626","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\/87626"}],"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=87626"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/87626\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/87627"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=87626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=87626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=87626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}