{"id":96790,"date":"2025-09-16T02:19:07","date_gmt":"2025-09-16T02:19:07","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=96790"},"modified":"2025-09-16T02:19:07","modified_gmt":"2025-09-16T02:19:07","slug":"bitcoin-bears-alert-price-could-slip-toward-112k-soon","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=96790","title":{"rendered":"Bitcoin Bears Alert \u2013 Price Could Slip Toward $112K Soon"},"content":{"rendered":"

Bitcoin price is correcting gains from $116,500. BTC is now consolidating and might start a fresh decline if it stays below the $116,500 resistance zone.<\/em><\/p>\n

Bitcoin started a fresh increase above the $115,000 zone.
\nThe price is trading below $115,500 and the 100 hourly Simple moving average.
\nThere is a bearish trend line forming with resistance at $115,350 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might start another increase if it clears the $116,500 zone.<\/p>\n

Bitcoin Price Struggles To Continue Higher<\/h2>\n

Bitcoin price started a fresh upward wave<\/a> above the $113,500 zone. BTC managed to climb above the $114,500 and $115,000 resistance levels.<\/p>\n

The bulls were able to push the price above $116,000 and $116,200. The price traded as high as $116,743 and recently started a downside correction. There was a minor decline below the $116,000 zone. The price even dipped below the 23.6% Fib retracement level of the recent move from the $110,815 swing low to the $116,743 high.<\/p>\n

Bitcoin is now trading below $115,500 and the 100 hourly Simple moving average<\/a>. Besides, there is a bearish trend line forming with resistance at $115,350 on the hourly chart of the BTC\/USD pair.<\/p>\n

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

Immediate resistance on the upside is near the $115,350 level. The first key resistance is near the $116,150 level. The next resistance could be $116,750. A close above the $116,750 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 $118,500 level. The next barrier for the bulls could be $118,800.<\/p>\n

Downside Continuation In BTC?<\/h2>\n

If Bitcoin fails to rise above the $116,150 resistance zone, it could start a fresh decline. Immediate support is near the $114,500 level. The first major support is near the $113,750 level or the 50% Fib level of the recent move from the $110,815 swing low to the $116,743 high.<\/p>\n

The next support is now near the $113,200 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 heavily.<\/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 $114,500, followed by $113,750.<\/p>\n

Major Resistance Levels \u2013 $116,150 and $116,750.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price is correcting gains from $116,500. BTC is now consolidating and might start a fresh decline if it stays below the $116,500 resistance zone. Bitcoin started a fresh increase above the $115,000 zone. The price is trading below $115,500 and the 100 hourly Simple moving average. There is a bearish trend line forming with […]<\/p>\n","protected":false},"author":0,"featured_media":96791,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-96790","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\/96790"}],"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=96790"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/96790\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/96791"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=96790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=96790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=96790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}