{"id":2369,"date":"2025-01-14T06:00:29","date_gmt":"2025-01-14T06:00:29","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-price-hints-at-rebound-early-signs-of-recovery-emerge\/"},"modified":"2025-01-14T06:00:29","modified_gmt":"2025-01-14T06:00:29","slug":"bitcoin-price-hints-at-rebound-early-signs-of-recovery-emerge","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-price-hints-at-rebound-early-signs-of-recovery-emerge\/","title":{"rendered":"Bitcoin Price Hints at Rebound: Early Signs of Recovery Emerge"},"content":{"rendered":"<p><em>Bitcoin price is attempting a recovery wave from the $89,200 zone. BTC is rising and might face resistance near the $95,800 zone.<\/em><\/p>\n<ul>\n<li>Bitcoin started a recovery wave from the $89,200 zone.<\/li>\n<li>The price is trading above $94,000 and the 100 hourly Simple moving average.<\/li>\n<li>There was a break above a connecting bearish trend line with resistance at $92,000 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 $92,450 support zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Eyes Recovery Above Below $95K<\/h2>\n<p>Bitcoin price started a short-term recovery wave after a sharp dip below the $90,000 zone. BTC was able to climb above the $91,500 and $93,200 levels.<\/p>\n<p>The bulls were able to push the price above the 50% Fib retracement level of the downward move from the $95,808 swing high to the $89,115 low. Besides, there was a break above a connecting bearish trend line with resistance at $92,000 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>However, the bears are still active below the $95,500 level. Bitcoin price is now trading above $94,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $95,200 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 $97,400 or the 1.236 Fib extension level of the downward move from the $95,808 swing high to the $89,115 low.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-675094\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/01\/Bitcoin_a1713f.png?resize=1024%2C478\" alt=\"Bitcoin Price\" width=\"1024\" height=\"478\" \/><\/p>\n<p>A close above the $97,400 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 $94,000 level.<\/p>\n<p>The first major support is near the $93,200 level. The next support is now near the $92,200 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 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 $93,200.<\/p>\n<p>Major Resistance Levels \u2013 $95,200 and $95,800.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is attempting a recovery wave from the $89,200 zone. BTC is rising and might face resistance near the $95,800 zone. Bitcoin started a recovery wave from the $89,200 zone. The price is trading above $94,000 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2370,"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-2369","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\/2369","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=2369"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/2369\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/2370"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=2369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=2369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=2369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}