{"id":90363,"date":"2025-08-22T02:40:47","date_gmt":"2025-08-22T02:40:47","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=90363"},"modified":"2025-08-22T02:40:47","modified_gmt":"2025-08-22T02:40:47","slug":"bitcoin-price-stays-in-red-can-bulls-regain-lost-ground-soon","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=90363","title":{"rendered":"Bitcoin Price Stays in Red, Can Bulls Regain Lost Ground Soon?"},"content":{"rendered":"

Bitcoin price is attempting to recover from $112,000. BTC is back above $113,200 but faces many hurdles on the way up to $118,000.<\/em><\/p>\n

Bitcoin started a recovery wave above the $112,500 zone.
\nThe price is trading below $115,000 and the 100 hourly Simple moving average.
\nThere is a key bearish trend line forming with resistance at $113,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might start another increase if it clears the $115,000 resistance zone.<\/p>\n

Bitcoin Price Faces Resistance<\/h2>\n

Bitcoin price started a fresh decline<\/a> after a close below the $115,000 level. BTC gained bearish momentum and traded below the $113,200 support zone.<\/p>\n

There was a move below the $112,500 support zone and the 100 hourly Simple moving average. The pair tested the $112,000 zone. A low was formed at $112,100 and the price is now attempting to recover toward the 23.6% Fib retracement level of the recent decline from the $124,420 swing high to the $112,100 low.<\/p>\n

Bitcoin is now trading below $114,000 and the 100 hourly Simple moving average<\/a>. Immediate resistance on the upside is near the $113,500 level. There is also a key bearish trend line forming with resistance at $113,500 on the hourly chart of the BTC\/USD pair.<\/p>\n

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

The first key resistance is near the $114,500 level. The next resistance could be $115,000. A close above the $115,000 resistance might send the price further higher. In the stated case, the price could rise and test the $116,500 resistance level. Any more gains might send the price toward the $118,200 level. It is close to the 50% Fib retracement level of the recent decline from the $124,420 swing high to the $112,100 low. The main target could be $120,000.<\/p>\n

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

If Bitcoin fails to rise above the $114,500 resistance zone, it could start a fresh decline. Immediate support is near the $112,500 level. The first major support is near the $112,000 level.<\/p>\n

The next support is now near the $110,500 zone. Any more losses might send the price toward the $108,250 support in the near term. The main support sits at $105,500, below which BTC might take a major hit.<\/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 $112,500, followed by $112,000.<\/p>\n

Major Resistance Levels \u2013 $113,500 and $115,000.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price is attempting to recover from $112,000. BTC is back above $113,200 but faces many hurdles on the way up to $118,000. Bitcoin started a recovery wave above the $112,500 zone. The price is trading below $115,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance […]<\/p>\n","protected":false},"author":0,"featured_media":90364,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-90363","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\/90363"}],"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=90363"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/90363\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/90364"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=90363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=90363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=90363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}