{"id":93272,"date":"2025-09-03T02:17:22","date_gmt":"2025-09-03T02:17:22","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=93272"},"modified":"2025-09-03T02:17:22","modified_gmt":"2025-09-03T02:17:22","slug":"bitcoin-price-recovery-hopes-rise-can-bulls-push-it-past-resistance","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=93272","title":{"rendered":"Bitcoin Price Recovery Hopes Rise \u2013 Can Bulls Push It Past Resistance?"},"content":{"rendered":"

Bitcoin price is attempting a recovery wave above $110,000. BTC is now rising and might gain pace if it clears the $112,000 resistance level.<\/em><\/p>\n

Bitcoin started a recovery wave above the $110,000 zone.
\nThe price is trading above $111,000 and the 100 hourly Simple moving average.
\nThere is a short-term rising channel forming with support at $110,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might start another decline if it stays below the $112,000 zone.<\/p>\n

Bitcoin Price Starts Recovery<\/h2>\n

Bitcoin price started a fresh recovery wave<\/a> above the $108,500 zone. BTC was able to climb above the $108,800 and $110,000 resistance levels.<\/p>\n

The price cleared the 50% Fib retracement level of the key drop from the $113,457 swing high to the $107,352 low. The upward move was such that the price spiked above the $111,200 level. Besides, there is a short-term rising channel forming with support at $110,500 on the hourly chart of the BTC\/USD pair.<\/p>\n

However, the bears are still active near $111,500. Bitcoin is now trading above $110,000 and the 100 hourly Simple moving average<\/a>. Immediate resistance on the upside is near the $111,500 level. The first key resistance is near the $112,000 level or the 76.4% Fib retracement level of the key drop from the $113,457 swing high to the $107,352 low.<\/p>\n

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

The next resistance could be $112,500. A close above the $112,500 resistance might send the price further higher. In the stated case, the price could rise and test the $113,450 resistance level. Any more gains might send the price toward the $114,500 level. The main target could be $115,500.<\/p>\n

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

If Bitcoin fails to rise above the $112,000 resistance zone, it could start a fresh decline. Immediate support is near the $110,400 level. The first major support is near the $109,500 level.<\/p>\n

The next support is now near the $108,500 zone. Any more losses might send the price toward the $107,350 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 bullish 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 $110,400, followed by $109,500.<\/p>\n

Major Resistance Levels \u2013 $111,500 and $112,500.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price is attempting a recovery wave above $110,000. BTC is now rising and might gain pace if it clears the $112,000 resistance level. Bitcoin started a recovery wave above the $110,000 zone. The price is trading above $111,000 and the 100 hourly Simple moving average. There is a short-term rising channel forming with support […]<\/p>\n","protected":false},"author":0,"featured_media":93273,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-93272","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\/93272"}],"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=93272"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/93272\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/93273"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=93272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=93272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=93272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}