{"id":97875,"date":"2025-09-19T02:15:43","date_gmt":"2025-09-19T02:15:43","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=97875"},"modified":"2025-09-19T02:15:43","modified_gmt":"2025-09-19T02:15:43","slug":"bitcoin-price-keeps-climbing-are-we-hours-away-from-a-major-breakout","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=97875","title":{"rendered":"Bitcoin Price Keeps Climbing \u2013 Are We Hours Away From a Major Breakout?"},"content":{"rendered":"

Bitcoin price is moving higher above $116,650. BTC is now facing hurdles and might extend gains if it clears the $118,000 resistance zone.<\/em><\/p>\n

Bitcoin started a fresh increase above the $116,500 zone.
\nThe price is trading below $116,500 and the 100 hourly Simple moving average.
\nThere is a key bullish trend line forming with support at $115,800 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might start another increase if it clears the $117,850 zone.<\/p>\n

Bitcoin Price Eyes More Gains<\/h2>\n

Bitcoin price started a fresh upward wave<\/a> above the $116,000 zone. BTC managed to climb above the $116,200 and $116,500 resistance levels.<\/p>\n

The bulls were able to push the price above $117,500. The price traded as high as $117,920 and recently started a downside correction. There was a move below the $117,200 level. The price dipped and tested the 50% Fib retracement level of the upward move from the $115,247 swing low to the $117,920 high.<\/p>\n

However, the bulls were active near $116,750. Bitcoin is now trading above $116,500 and the 100 hourly Simple moving average<\/a>. Besides, there is a key bullish trend line forming with support at $115,800 on the hourly chart of the BTC\/USD pair.<\/p>\n

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

Immediate resistance on the upside is near the $117,500 level. The first key resistance is near the $117,850 level. The next resistance could be $118,000. A close above the $118,000 resistance might send the price further higher. In the stated case, the price could rise and test the $118,500 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 Drop In BTC?<\/h2>\n

If Bitcoin fails to rise above the $117,850 resistance zone, it could start a fresh decline. Immediate support is near the $116,550 level. The first major support is near the $115,800 level or the trend line and the 76.4% Fib retracement level of the upward move from the $115,247 swing low to the $117,920 high.<\/p>\n

The next support is now near the $115,250 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 losing 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 $116,550, followed by $115,800.<\/p>\n

Major Resistance Levels \u2013 $117,850 and $118,000.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price is moving higher above $116,650. BTC is now facing hurdles and might extend gains if it clears the $118,000 resistance zone. Bitcoin started a fresh increase above the $116,500 zone. The price is trading below $116,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support […]<\/p>\n","protected":false},"author":0,"featured_media":97876,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-97875","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\/97875"}],"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=97875"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/97875\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/97876"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=97875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=97875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=97875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}