{"id":95918,"date":"2025-09-12T03:08:17","date_gmt":"2025-09-12T03:08:17","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=95918"},"modified":"2025-09-12T03:08:17","modified_gmt":"2025-09-12T03:08:17","slug":"bitcoin-price-action-strong-can-bulls-maintain-momentum","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=95918","title":{"rendered":"Bitcoin Price Action Strong \u2013 Can Bulls Maintain Momentum?"},"content":{"rendered":"

Bitcoin price is showing positive signs above $114,500. BTC is now consolidating and might rise further if it clears the $116,200 resistance zone.<\/em><\/p>\n

Bitcoin started a fresh increase above the $114,200 zone.
\nThe price is trading below $115,000 and the 100 hourly Simple moving average.
\nThere is a bullish trend line forming with support at $115,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might start another increase if it clears the $116,200 zone.<\/p>\n

Bitcoin Price Gains Traction<\/h2>\n

Bitcoin price started a fresh recovery wave<\/a> from the $111,200 zone. BTC managed to climb above the $112,500 and $113,500 resistance levels.<\/p>\n

The bulls were able to push the price above $114,000 and $115,000. The price traded as high as $116,298 and recently started a consolidation phase. There was a minor decline below $115,800, but the price is still above the 23.6% Fib retracement level of the recent move from the $110,815 swing low to the $116,298 high.<\/p>\n

Bitcoin is now trading above $114,500 and the 100 hourly Simple moving average<\/a>. Besides, there is a bullish trend line forming with support at $115,000 on the hourly chart of the BTC\/USD pair.<\/p>\n

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

Immediate resistance on the upside is near the $116,000 level. The first key resistance is near the $116,200 level. The next resistance could be $116,800. A close above the $116,800 resistance might send the price further higher. In the stated case, the price could rise and test the $117,500 resistance level. Any more gains might send the price toward the $118,400 level. The next barrier for the bulls could be $118,800.<\/p>\n

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

If Bitcoin fails to rise above the $116,200 resistance zone, it could start a fresh decline. Immediate support is near the $115,000 level and the trend line zone. The first major support is near the $113,550 level or the 50% Fib retracement level of the recent move from the $110,815 swing low to the $116,298 high.<\/p>\n

The next support is now near the $113,000 zone. Any more losses might send the price toward the $112,500 support in the near term. The main support sits at $110,500, 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 $115,000, followed by $113,500.<\/p>\n

Major Resistance Levels \u2013 $116,000 and $116,200.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price is showing positive signs above $114,500. BTC is now consolidating and might rise further if it clears the $116,200 resistance zone. Bitcoin started a fresh increase above the $114,200 zone. The price is trading below $115,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at […]<\/p>\n","protected":false},"author":0,"featured_media":95919,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-95918","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\/95918"}],"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=95918"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/95918\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/95919"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=95918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=95918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=95918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}