{"id":2028,"date":"2024-12-26T06:00:46","date_gmt":"2024-12-26T06:00:46","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-price-targets-key-breakout-bulls-eye-upside-momentum\/"},"modified":"2024-12-26T06:00:46","modified_gmt":"2024-12-26T06:00:46","slug":"bitcoin-price-targets-key-breakout-bulls-eye-upside-momentum","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-price-targets-key-breakout-bulls-eye-upside-momentum\/","title":{"rendered":"Bitcoin Price Targets Key Breakout: Bulls Eye Upside Momentum"},"content":{"rendered":"<p><em>Bitcoin price started a decent increase above the $96,000 level. BTC might continue to rise if it clears the $100,00 resistance zone.<\/em><\/p>\n<ul>\n<li>Bitcoin started a decent upward move above the $96,000 zone.<\/li>\n<li>The price is trading above $96,500 and the 100 hourly Simple moving average.<\/li>\n<li>There is a connecting bullish trend line forming with support at $98,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could start another increase if it stays above the $96,000 support zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Could Regain Momentum<\/h2>\n<p>Bitcoin price started a decent upward move above the $95,000 resistance zone. BTC was able to climb above the $96,500 and $97,000 resistance levels.<\/p>\n<p>The pair cleared the $98,000 resistance level and traded close to the $100,000 resistance level. A high was formed at $99,400 and the price is now consolidating gains. There was a test of the 23.6% Fib retracement level of the upward wave from the $92,415 swing low to the $99,400 high.<\/p>\n<p>Bitcoin price is now trading above $96,500 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $99,200 level. The first key resistance is near the $99,500 level or the recent high. A clear move above the $99,500 resistance might send the price higher. The next key resistance could be $100,000.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-667114\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/12\/Bitcoin_715290.png?resize=1024%2C478\" alt=\"Bitcoin Price\" width=\"1024\" height=\"478\" \/><\/p>\n<p>A close above the $100,000 resistance might send the price further higher. In the stated case, the price could rise and test the $102,200 resistance level. Any more gains might send the price toward the $103,500 level.<\/p>\n<h2>Another Decline In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $100,000 resistance zone, it could continue to move down. Immediate support on the downside is near the $98,200 level and the trend line.<\/p>\n<p>The first major support is near the $96,000 level or the 50% Fib retracement level of the upward wave from the $92,415 swing low to the $99,400 high. The next support is now near the $95,000 zone. Any more losses might send the price toward the $93,200 support in the near term.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining 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 $97,000, followed by $96,000.<\/p>\n<p>Major Resistance Levels \u2013 $99,000 and $100,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a decent increase above the $96,000 level. BTC might continue to rise if it clears the $100,00 resistance zone. Bitcoin started a decent upward move above the $96,000 zone. The price is trading above $96,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2029,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142],"tags":[22,29,32,35,36,154],"class_list":["post-2028","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\/2028","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=2028"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/2028\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/2029"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=2028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=2028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=2028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}