{"id":10709,"date":"2026-03-24T06:00:27","date_gmt":"2026-03-24T06:00:27","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-price-bounce-weakens-recovery-at-risk-of-fading-again\/"},"modified":"2026-03-24T06:00:27","modified_gmt":"2026-03-24T06:00:27","slug":"bitcoin-price-bounce-weakens-recovery-at-risk-of-fading-again","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-price-bounce-weakens-recovery-at-risk-of-fading-again\/","title":{"rendered":"Bitcoin Price Bounce Weakens, Recovery at Risk of Fading Again"},"content":{"rendered":"<p><em>Bitcoin price started a recovery wave from $68,000. BTC is now back above $70,000 and might struggle to continue higher in the near term.<\/em><\/p>\n<ul>\n<li>Bitcoin started a decent recovery wave above $69,500 and $70,000.<\/li>\n<li>The price is trading above $70,000 and the 100 hourly simple moving average.<\/li>\n<li>There was a break above a bearish trend line with resistance at $69,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair might start another decline if it stays below the $71,500 and $72,000 levels.<\/li>\n<\/ul>\n<h2>Bitcoin Price Attempts Recovery<\/h2>\n<p>Bitcoin price found support near the $67,500 zone and recently started a recovery wave. BTC climbed above the $68,800 and $69,500 resistance levels.<\/p>\n<p>There was a break above a bearish trend line with resistance at $69,500 on the hourly chart of the BTC\/USD pair. The bulls were able to push the price above the 38.2% Fib retracement level of the downward move from the $75,999 swing high to the $67,343 low.<\/p>\n<p>However, the price faced resistance near the $71,500 zone and the 50% Fib retracement level of the downward move from the $75,999 swing high to the $67,343 low. Bitcoin is now trading above $70,000 and the 100 hourly simple moving average.<\/p>\n<p>If the price remains stable above $70,000, it could attempt a fresh increase. Immediate resistance is near the $71,650 level. The first key resistance is near the $72,000 level. A close above the $72,000 resistance might send the price further higher.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-888594\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/03\/Bitcoin_fd3ea3.png?resize=1024%2C531\" alt=\"Bitcoin Price \" width=\"1024\" height=\"531\" \/><\/p>\n<p>In the stated case, the price could rise and test the $73,500 resistance. Any more gains might send the price toward the $74,200 level. The next barrier for the bulls could be $75,000.<\/p>\n<h2>Another Decline In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $71,650 resistance zone, it could start another decline. Immediate support is near the $70,000 level. The first major support is near the $69,350 level.<\/p>\n<p>The next support is now near the $68,950 zone. Any more losses might send the price toward the $68,000 support in the near term. The main support now sits at $67,500, below which BTC might struggle to recover in the near term.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now losing pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $68,950, followed by $68,000.<\/p>\n<p>Major Resistance Levels \u2013 $71,650 and $72,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a recovery wave from $68,000. BTC is now back above $70,000 and might struggle to continue higher in the near term. Bitcoin started a decent recovery wave above $69,500 and $70,000. The price is trading above $70,000 and the 100 hourly simple moving average. There was a break above a bearish trend&hellip;<\/p>\n","protected":false},"author":1,"featured_media":10710,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142],"tags":[22,29,32,35,36,154],"class_list":["post-10709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-btc","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btcusd","tag-btcusdt","tag-xbtusd"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/10709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=10709"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/10709\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/10710"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=10709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=10709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=10709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}