{"id":93605,"date":"2025-09-04T02:13:59","date_gmt":"2025-09-04T02:13:59","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=93605"},"modified":"2025-09-04T02:13:59","modified_gmt":"2025-09-04T02:13:59","slug":"bitcoin-price-recovery-underway-but-momentum-tells-a-different-story","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=93605","title":{"rendered":"Bitcoin Price Recovery Underway \u2013 But Momentum Tells a Different Story?"},"content":{"rendered":"

Bitcoin price is attempting a recovery wave above $111,000. BTC is now rising and might gain pace if it clears the $112,500 resistance level.<\/em><\/p>\n

Bitcoin started a recovery wave above the $111,200 zone.
\nThe price is trading above $111,200 and the 100 hourly Simple moving average.
\nThere is a short-term rising channel forming with support at $111,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might start another decline if it stays below the $112,500 zone.<\/p>\n

Bitcoin Price Extends Recovery<\/h2>\n

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

The price cleared the 61.8% 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 even surpassed the $112,000 resistance zone. Besides, there is a short-term rising channel forming with support at $111,500 on the hourly chart of the BTC\/USD pair.<\/p>\n

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

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

The first key resistance is near the $112,800 level. The next resistance could be $113,450. A close above the $113,450 resistance might send the price further higher. In the stated case, the price could rise and test the $114,500 resistance level. Any more gains might send the price toward the $115,000 level. The main target could be $115,500.<\/p>\n

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

If Bitcoin fails to rise above the $112,500 resistance zone, it could start a fresh decline. Immediate support is near the $111,500 level. The first major support is near the $110,500 level.<\/p>\n

The next support is now near the $110,000 zone. Any more losses might send the price toward the $109,250 support in the near term. The main support sits at $108,500, below which BTC might decline sharply.<\/p>\n

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now gaining 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 $111,500, followed by $110,000.<\/p>\n

Major Resistance Levels \u2013 $112,500 and $113,450.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price is attempting a recovery wave above $111,000. BTC is now rising and might gain pace if it clears the $112,500 resistance level. Bitcoin started a recovery wave above the $111,200 zone. The price is trading above $111,200 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":93606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-93605","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\/93605"}],"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=93605"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/93605\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/93606"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=93605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=93605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=93605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}