{"id":93924,"date":"2025-09-05T02:20:10","date_gmt":"2025-09-05T02:20:10","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=93924"},"modified":"2025-09-05T02:20:10","modified_gmt":"2025-09-05T02:20:10","slug":"bitcoin-price-gains-steam-112k-level-could-decide-the-next-surge","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=93924","title":{"rendered":"Bitcoin Price Gains Steam \u2013 $112K Level Could Decide the Next Surge"},"content":{"rendered":"

Bitcoin price is attempting a recovery wave above $111,500. 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 $111,000 zone.
\nThe price is trading above $111,000 and the 100 hourly Simple moving average.
\nThere is a connecting bearish trend line forming with resistance at $111,600 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 Eyes Upside Break<\/h2>\n

Bitcoin price started a fresh recovery wave<\/a> above the $109,650 zone. BTC was able to climb above the $110,200 and $110,500 resistance levels.<\/p>\n

The recent swing low was formed at $109,369 before the price climbed again. There was a move above the 50% Fib retracement level of the recent decline from the $112,537 swing high to the $109,369 low. However, the bears are active below the $112,000 level.<\/p>\n

Bitcoin is now trading above $111,000 and the 100 hourly Simple moving average<\/a>. Immediate resistance on the upside is near the $111,600 level. Besides, there is a connecting bearish trend line forming with resistance at $111,600 on the hourly chart of the BTC\/USD pair.<\/p>\n

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

The first key resistance is near the $111,800 level or the 76.4% Fib retracement level of the recent decline from the $112,537 swing high to the $109,369 low. The next resistance could be $112,000. A close above the $112,000 resistance might send the price further higher. In the stated case, the price could rise and test the $112,500 resistance level. Any more gains might send the price toward the $113,200 level. The main target could be $115,000.<\/p>\n

Another Drop 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 $111,000 level. The first major support is near the $110,350 level.<\/p>\n

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

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

Bitcoin price is attempting a recovery wave above $111,500. BTC is now rising and might gain pace if it clears the $112,000 resistance level. Bitcoin started a recovery wave above the $111,000 zone. The price is trading above $111,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with […]<\/p>\n","protected":false},"author":0,"featured_media":93925,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-93924","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\/93924"}],"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=93924"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/93924\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/93925"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=93924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=93924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=93924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}