{"id":95196,"date":"2025-09-10T02:17:08","date_gmt":"2025-09-10T02:17:08","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=95196"},"modified":"2025-09-10T02:17:08","modified_gmt":"2025-09-10T02:17:08","slug":"bitcoin-bulls-on-edge-is-another-sharp-decline-coming","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=95196","title":{"rendered":"Bitcoin Bulls on Edge \u2013 Is Another Sharp Decline Coming?"},"content":{"rendered":"

Bitcoin price is struggling to recover above $112,000. BTC is now consolidating and might decline if there is a move below the $110,800 level.<\/em><\/p>\n

Bitcoin started a fresh decline from the $113,200 zone.
\nThe price is trading below $111,500 and the 100 hourly Simple moving average.
\nThere is a bullish trend line forming with support at $111,000 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 Remains At Risk<\/h2>\n

Bitcoin price started a fresh recovery<\/a> wave from the $110,100 zone. BTC managed to climb above the $110,800 and $111,500 resistance levels.<\/p>\n

The bulls were able to push the price above $112,500 and $113,000. However, the bears remained active near the $113,200 zone and prevented more gains. There was a fresh bearish reaction, and the price traded below $112,000. A low was formed at $110,820 and the price is now consolidating losses.<\/p>\n

Bitcoin is now trading below $111,500 and the 100 hourly Simple moving average<\/a>. Besides, there is a bullish trend line forming with support at $111,000 on the hourly chart of the BTC\/USD pair. Immediate resistance on the upside is near the $111,700 level. The first key resistance is near the $112,000 level. It is near the 50% Fib retracement level of the recent decline from the $113,200 swing high to the $110,820 low.<\/p>\n

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

The next resistance could be $112,300 or the 61.8% Fib level of the recent decline from the $113,200 swing high to the $110,820 low. A close above the $112,300 resistance might send the price further higher. In the stated case, the price could rise and test the $113,200 resistance level. Any more gains might send the price toward the $114,200 level. The main target could be $115,000.<\/p>\n

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

If Bitcoin fails to rise above the $112,300 resistance zone, it could start a fresh decline. Immediate support is near the $111,000 level and the trend line. The first major support is near the $110,800 level.<\/p>\n

The next support is now near the $110,200 zone. Any more losses might send the price toward the $108,800 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 losing pace in the bullish 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 $111,000, followed by $110,200.<\/p>\n

Major Resistance Levels \u2013 $112,000 and $112,300.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price is struggling to recover above $112,000. BTC is now consolidating and might decline if there is a move below the $110,800 level. Bitcoin started a fresh decline from the $113,200 zone. The price is trading below $111,500 and the 100 hourly Simple moving average. There is a bullish trend line forming with support […]<\/p>\n","protected":false},"author":0,"featured_media":95197,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-95196","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\/95196"}],"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=95196"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/95196\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/95197"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=95196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=95196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=95196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}