{"id":2149,"date":"2025-01-02T06:00:25","date_gmt":"2025-01-02T06:00:25","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-price-eyes-fresh-gains-can-bulls-break-through\/"},"modified":"2025-01-02T06:00:25","modified_gmt":"2025-01-02T06:00:25","slug":"bitcoin-price-eyes-fresh-gains-can-bulls-break-through","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-price-eyes-fresh-gains-can-bulls-break-through\/","title":{"rendered":"Bitcoin Price Eyes Fresh Gains: Can Bulls Break Through?"},"content":{"rendered":"<p><em>Bitcoin price is recovering losses from the $91,400 zone. BTC is showing a few positive signs and might gain pace if it clears the $96,000 resistance zone.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh recovery from the $91,400 zone.<\/li>\n<li>The price is trading above $92,500 and the 100 hourly Simple moving average.<\/li>\n<li>There is a connecting bullish trend line forming with support at $94,000 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 $93,500 support zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Starts Recovery<\/h2>\n<p>Bitcoin price started a decent upward move above the $92,000 resistance zone. BTC was able to climb above the $93,200 and $93,500 resistance levels.<\/p>\n<p>The price was able to surpass the 50% Fib retracement level of the recent decline from the $96,040 swing high to the $92,588 low. There is also a connecting bullish trend line forming with support at $94,000 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>Bitcoin price is now trading above $94,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $95,250 level. It is near the 76.4% Fib retracement level of the recent decline from the $96,040 swing high to the $92,588 low.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-669569\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/01\/Bitcoin.png?resize=1024%2C449\" alt=\"Bitcoin Price \" width=\"1024\" height=\"449\" loading=\"lazy\" \/><\/p>\n<p>The first key resistance is near the $96,000 level. A clear move above the $96,000 resistance might send the price higher. The next key resistance could be $97,500. A close above the $97,500 resistance might send the price further higher. In the stated case, the price could rise and test the $98,800 resistance level. Any more gains might send the price toward the $99,500 level.<\/p>\n<h2>Another Decline In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $96,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $94,000 level and the trend line.<\/p>\n<p>The first major support is near the $93,500 level. The next support is now near the $92,550 zone. Any more losses might send the price toward the $91,200 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 $94,000, followed by $93,500.<\/p>\n<p>Major Resistance Levels \u2013 $95,250 and $96,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is recovering losses from the $91,400 zone. BTC is showing a few positive signs and might gain pace if it clears the $96,000 resistance zone. Bitcoin started a fresh recovery from the $91,400 zone. The price is trading above $92,500 and the 100 hourly Simple moving average. There is a connecting bullish trend&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2150,"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-2149","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\/2149","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=2149"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/2149\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/2150"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=2149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=2149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=2149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}