{"id":2953,"date":"2025-02-14T06:00:25","date_gmt":"2025-02-14T06:00:25","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-price-faces-strong-resistance-will-bulls-hold-their-ground\/"},"modified":"2025-02-14T06:00:25","modified_gmt":"2025-02-14T06:00:25","slug":"bitcoin-price-faces-strong-resistance-will-bulls-hold-their-ground","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-price-faces-strong-resistance-will-bulls-hold-their-ground\/","title":{"rendered":"Bitcoin Price Faces Strong Resistance\u2014Will Bulls Hold Their Ground?"},"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 decent increase in the near term.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh increase from the $95,200 zone.<\/li>\n<li>The price is trading near $96,500 and the 100 hourly Simple moving average.<\/li>\n<li>There is a connecting bullish trend line forming with support 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 remained in a range above the $95,000 support level. BTC tested the $95,200 zone. A low was formed at $95,352 and the price recently started a fresh increase within a range.<\/p>\n<p>There was a move above the $95,500 and $96,000 levels. The price spiked and tested the 50% Fib retracement level of the downward move from the $98,077 swing high to the $95,352 low. There is also a connecting bullish trend line forming with support at $96,000 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>Bitcoin price is now trading near $96,500 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $96,700 level. The first key resistance is near the $97,000 level or the 61.8% Fib retracement level of the downward move from the $98,077 swing high to the $95,352 low.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-696299\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/02\/Bitcoin_ef162d.png?resize=1024%2C478\" alt=\"Bitcoin Price\" width=\"1024\" height=\"478\" \/><\/p>\n<p>The next key resistance could be $98,000. A close above the $98,000 resistance might send the price further higher. In the stated case, the price could rise and test the $98,500 resistance level. Any more gains might send the price toward the $100,000 level or even $100,500.<\/p>\n<h2>Another Decline In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $98,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $96,000 level. The first major support is near the $95,500 level.<\/p>\n<p>The next support is now near the $95,000 zone. Any more losses might send the price toward the $93,500 support in the near term. The main support sits at $92,200.<\/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 $96,000, followed by $95,000.<\/p>\n<p>Major Resistance Levels \u2013 $97,000 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 decent increase in the near term. Bitcoin started a fresh increase from the $95,200 zone. The price is trading near $96,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2954,"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-2953","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\/2953","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=2953"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/2953\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/2954"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=2953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=2953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=2953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}