{"id":2347,"date":"2025-01-13T06:00:27","date_gmt":"2025-01-13T06:00:27","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-price-faces-uncertainty-is-the-risk-of-a-drop-growing\/"},"modified":"2025-01-13T06:00:27","modified_gmt":"2025-01-13T06:00:27","slug":"bitcoin-price-faces-uncertainty-is-the-risk-of-a-drop-growing","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-price-faces-uncertainty-is-the-risk-of-a-drop-growing\/","title":{"rendered":"Bitcoin Price Faces Uncertainty: Is The Risk of a Drop Growing?"},"content":{"rendered":"<p><em>Bitcoin price is consolidating losses below the $95,500 zone. BTC is showing bearish signs and might struggle to recover above the $95,800 level.<\/em><\/p>\n<ul>\n<li>Bitcoin started a recovery wave from the $91,150 zone.<\/li>\n<li>The price is trading below $94,500 and the 100 hourly Simple moving average.<\/li>\n<li>There was a break above a connecting bearish trend line with resistance at $93,650 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 $92,500 support zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Struggles Below $95K<\/h2>\n<p>Bitcoin price started a short-term recovery wave above the $92,000 resistance. BTC was able to climb above the $93,500 and $94,000 levels.<\/p>\n<p>The bulls were able to push the price above the 23.6% Fib retracement level of the downward move from the $102,761 swing high to the $91,168 low. Besides, there was a break above a connecting bearish trend line with resistance at $93,650 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>However, the bears are still active below the $95,800 level. Bitcoin price is now trading below $95,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $95,000 level.<\/p>\n<p>The first key resistance is near the $95,800 level. A clear move above the $95,800 resistance might send the price higher. The next key resistance could be $97,000 or the 50% Fib retracement level of the downward move from the $102,761 swing high to the $91,168 low.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-674364\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/01\/Bitcoin_665b75.png?resize=1024%2C478\" alt=\"Bitcoin Price\" width=\"1024\" height=\"478\" \/><\/p>\n<p>A close above the $97,000 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 Drop In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $95,800 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $92,500 level.<\/p>\n<p>The first major support is near the $92,000 level. The next support is now near the $91,200 zone. Any more losses might send the price toward the $90,000 support in the near term.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $92,500, followed by $91,200.<\/p>\n<p>Major Resistance Levels \u2013 $95,000 and $95,800.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is consolidating losses below the $95,500 zone. BTC is showing bearish signs and might struggle to recover above the $95,800 level. Bitcoin started a recovery wave from the $91,150 zone. The price is trading below $94,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2348,"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-2347","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\/2347","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=2347"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/2347\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/2348"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=2347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=2347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=2347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}