{"id":92160,"date":"2025-08-29T02:08:43","date_gmt":"2025-08-29T02:08:43","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=92160"},"modified":"2025-08-29T02:08:43","modified_gmt":"2025-08-29T02:08:43","slug":"bitcoin-price-faces-pressure-technicals-signal-another-decline-ahead","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=92160","title":{"rendered":"Bitcoin Price Faces Pressure: Technicals Signal Another Decline Ahead"},"content":{"rendered":"

Bitcoin price is showing bearish signs below $113,000. BTC is struggling to recover and might start another decline below the $111,000 zone.<\/em><\/p>\n

Bitcoin started a recovery wave above the $109,550 zone.
\nThe price is trading below $112,000 and the 100 hourly Simple moving average.
\nThere was a break below a key bullish trend line with support at $112,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might start another decline if it breaks the $110,750 support zone.<\/p>\n

Bitcoin Price Dips Again<\/h2>\n

Bitcoin price attempted a fresh recovery<\/a> wave from the $108,734 low. BTC was able to climb above the $109,500 and $110,000 resistance levels.<\/p>\n

The price surpassed the 23.6% Fib retracement level of the key drop from the $117,355 swing high to the $110,734 low. The bulls even pushed the price above the $112,500 resistance zone. However, the price struggled to stay above the $113,000 resistance.<\/p>\n

It retreated from the 50% Fib level of the key drop from the $117,355 swing high to the $110,734 low. Besides, there was a break below a key bullish trend line with support at $112,000 on the hourly chart of the BTC\/USD pair.<\/p>\n

Bitcoin is now trading below $112,000 and the 100 hourly Simple moving average<\/a>. Immediate resistance on the upside is near the $112,400 level. The first key resistance is near the $113,000 level. The next resistance could be $113,500.<\/p>\n

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

A close above the $113,500 resistance might send the price further higher. In the stated case, the price could rise and test the $114,000 resistance level. Any more gains might send the price toward the $115,500 level. The main target could be $116,500.<\/p>\n

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

If Bitcoin fails to rise above the $113,000 resistance zone, it could start a fresh decline. Immediate support is near the $110,750 level. The first major support is near the $110,000 level.<\/p>\n

The next support is now near the $109,500 zone. Any more losses might send the price toward the $108,500 support in the near term. The main support sits at $106,500, below which BTC might decline sharply.<\/p>\n

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now gaining 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 $110,750, followed by $109,500.<\/p>\n

Major Resistance Levels \u2013 $112,500 and $113,000.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price is showing bearish signs below $113,000. BTC is struggling to recover and might start another decline below the $111,000 zone. Bitcoin started a recovery wave above the $109,550 zone. The price is trading below $112,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with […]<\/p>\n","protected":false},"author":0,"featured_media":92161,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-92160","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\/92160"}],"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=92160"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/92160\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/92161"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=92160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=92160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=92160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}