{"id":2934,"date":"2025-02-13T06:00:25","date_gmt":"2025-02-13T06:00:25","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-price-stuck-in-consolidation-is-a-big-move-coming\/"},"modified":"2025-02-13T06:00:25","modified_gmt":"2025-02-13T06:00:25","slug":"bitcoin-price-stuck-in-consolidation-is-a-big-move-coming","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-price-stuck-in-consolidation-is-a-big-move-coming\/","title":{"rendered":"Bitcoin Price Stuck In Consolidation\u2014Is a Big Move Coming?"},"content":{"rendered":"<p><em>Bitcoin price is consolidating above the $95,000 support zone. BTC must settle above the $100,000 level to start a fresh increase in the near term.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh increase from the $94,200 zone.<\/li>\n<li>The price is trading above $96,500 and the 100 hourly Simple moving average.<\/li>\n<li>There was a break above a connecting bearish trend line with resistance at $96,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could start another increase if it clears the $98,500 zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Eyes Fresh Increase<\/h2>\n<p>Bitcoin price extended losses below the $95,000 support level. BTC tested the $94,200 zone. A low was formed at $94,111 and the price recently started a fresh increase within a range.<\/p>\n<p>There was a move above the $95,000 and $96,000 levels. The price cleared the 50% Fib retracement level of the downward move from the $98,440 swing high to the $94,111 low. There was a break above a connecting bearish trend line with resistance at $96,000 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>Bitcoin price is now trading above $96,500 and the 100 hourly Simple moving average. It is also above the 61.8% Fib retracement level of the downward move from the $98,440 swing high to the $94,111 low.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-695273\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/02\/Bitcoin_974d6b.png?resize=1024%2C478\" alt=\"Bitcoin Price\" width=\"1024\" height=\"478\" \/><\/p>\n<p>On the upside, immediate resistance is near the $98,000 level. The first key resistance is near the $98,500 level. The next key resistance could be $99,500. A close above the $99,500 resistance might send the price further higher. In the stated case, the price could rise and test the $100,000 resistance level. Any more gains might send the price toward the $100,500 level or even $102,000.<\/p>\n<h2>Another Decline In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $98,500 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $97,200 level. The first major support is near the $96,750 level.<\/p>\n<p>The next support is now near the $96,200 zone. Any more losses might send the price toward the $95,000 support in the near term. The main support sits at $94,200.<\/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 $96,200, followed by $95,000.<\/p>\n<p>Major Resistance Levels \u2013 $98,000 and $98,500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is consolidating above the $95,000 support zone. BTC must settle above the $100,000 level to start a fresh increase in the near term. Bitcoin started a fresh increase from the $94,200 zone. The price is trading above $96,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2935,"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-2934","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\/2934","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=2934"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/2934\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/2935"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=2934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=2934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=2934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}