{"id":97158,"date":"2025-09-17T02:14:33","date_gmt":"2025-09-17T02:14:33","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=97158"},"modified":"2025-09-17T02:14:33","modified_gmt":"2025-09-17T02:14:33","slug":"bitcoin-price-back-at-resistance-fed-meeting-could-trigger-big-move","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=97158","title":{"rendered":"Bitcoin Price Back at Resistance \u2013 Fed Meeting Could Trigger Big Move"},"content":{"rendered":"

Bitcoin price is moving higher above $116,200. BTC is now consolidating and might gain bullish momentum if it clears the $116,850 resistance zone.<\/em><\/p>\n

Bitcoin started a fresh increase above the $116,000 zone.
\nThe price is trading below $116,000 and the 100 hourly Simple moving average.
\nThere was a break above a contracting triangle with resistance at $115,750 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might start another increase if it clears the $116,850 zone.<\/p>\n

Bitcoin Price Hits Resistance<\/h2>\n

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

The bulls were able to push the price above $116,200 and $116,500. Besides, there was a break above a contracting triangle with resistance at $115,750 on the hourly chart of the BTC\/USD pair. The price traded as high as $116,959 and is currently consolidating gains. It is stable above the 23.6% Fib retracement level of the recent move from the $114,156 swing low to the $116,959 high.<\/p>\n

Bitcoin is now trading above $116,000 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $116,850 level. The first key resistance is near the $117,200 level.<\/p>\n

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

The next resistance could be $117,500. A close above the $117,500 resistance might send the price further higher. In the stated case, the price could rise and test the $118,400 resistance level. Any more gains might send the price toward the $118,800 level. The next barrier for the bulls could be $119,250.<\/p>\n

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

If Bitcoin fails to rise above the $116,850 resistance zone, it could start a fresh decline. Immediate support is near the $116,250 level. The first major support is near the $115,550 level or the 50% Fib retracement level of the recent move from the $114,156 swing low to the $116,959 high.<\/p>\n

The next support is now near the $115,200 zone. Any more losses might send the price toward the $114,500 support in the near term. The main support sits at $112,500, below which BTC might decline heavily.<\/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 $115,550, followed by $115,200.<\/p>\n

Major Resistance Levels \u2013 $116,850 and $117,200.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price is moving higher above $116,200. BTC is now consolidating and might gain bullish momentum if it clears the $116,850 resistance zone. Bitcoin started a fresh increase above the $116,000 zone. The price is trading below $116,000 and the 100 hourly Simple moving average. There was a break above a contracting triangle with resistance […]<\/p>\n","protected":false},"author":0,"featured_media":97159,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-97158","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\/97158"}],"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=97158"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/97158\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/97159"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=97158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=97158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=97158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}