{"id":92949,"date":"2025-09-02T02:27:24","date_gmt":"2025-09-02T02:27:24","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=92949"},"modified":"2025-09-02T02:27:24","modified_gmt":"2025-09-02T02:27:24","slug":"bitcoin-price-stabilizes-is-this-the-start-of-a-comeback","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=92949","title":{"rendered":"Bitcoin Price Stabilizes \u2013 Is This the Start of a Comeback?"},"content":{"rendered":"

Bitcoin price is still showing bearish signs below $112,000. BTC is now attempting to recover and might face hurdles near the $110,500 level.<\/em><\/p>\n

Bitcoin started a fresh decline below the $112,000 zone.
\nThe price is trading below $110,500 and the 100 hourly Simple moving average.
\nThere was a break above a short-term contracting triangle with resistance at $108,800 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might start another decline if it stays below the $110,500 zone.<\/p>\n

Bitcoin Price Starts Consolidation<\/h2>\n

Bitcoin price attempted a fresh recovery wave<\/a> from the $107,350 zone. BTC was able to climb above the $108,200 and $108,400 resistance levels.<\/p>\n

The price cleared the 23.6% Fib retracement level of the key drop from the $113,457 swing high to the $107,352 low. Besides, there was a break above a short-term contracting triangle with resistance at $108,800 on the hourly chart of the BTC\/USD pair.<\/p>\n

However, the bears are still active near $109,500. The price is now consolidating near $109,500. Bitcoin is now trading below $110,000 and the 100 hourly Simple moving average.<\/p>\n

Immediate resistance on the upside is near the $109,500 level. The first key resistance<\/a> is near the $110,200 level. The next resistance could be $110,500 or the 50% Fib retracement level of the key drop from the $113,457 swing high to the $107,352 low.<\/p>\n

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

A close above the $110,500 resistance might send the price further higher. In the stated case, the price could rise and test the $111,650 resistance level. Any more gains might send the price toward the $112,500 level. The main target could be $113,500.<\/p>\n

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

If Bitcoin fails to rise above the $110,500 resistance zone, it could start a fresh decline. Immediate support is near the $108,800 level. The first major support is near the $108,200 level.<\/p>\n

The next support is now near the $107,350 zone. Any more losses might send the price toward the $106,500 support in the near term. The main support sits at $105,500, below which BTC might decline sharply.<\/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 $108,800, followed by $108,000.<\/p>\n

Major Resistance Levels \u2013 $109,500 and $110,500.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price is still showing bearish signs below $112,000. BTC is now attempting to recover and might face hurdles near the $110,500 level. Bitcoin started a fresh decline below the $112,000 zone. The price is trading below $110,500 and the 100 hourly Simple moving average. There was a break above a short-term contracting triangle with […]<\/p>\n","protected":false},"author":0,"featured_media":92950,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-92949","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\/92949"}],"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=92949"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/92949\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/92950"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=92949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=92949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=92949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}