{"id":3032,"date":"2025-02-18T06:00:26","date_gmt":"2025-02-18T06:00:26","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-price-pulls-back-to-support-breakdown-or-bounce-ahead\/"},"modified":"2025-02-18T06:00:26","modified_gmt":"2025-02-18T06:00:26","slug":"bitcoin-price-pulls-back-to-support-breakdown-or-bounce-ahead","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-price-pulls-back-to-support-breakdown-or-bounce-ahead\/","title":{"rendered":"Bitcoin Price Pulls Back to Support\u2014Breakdown or Bounce Ahead?"},"content":{"rendered":"<p><em>Bitcoin price started another decline below the $96,800 zone. BTC is retesting the $95,500 support zone and might struggle to recover losses.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh decline from the $98,000 zone.<\/li>\n<li>The price is trading below $96,500 and the 100 hourly Simple moving average.<\/li>\n<li>There is a key bearish trend line forming with resistance at $96,400 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 $95,000 zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Dips To Support<\/h2>\n<p>Bitcoin price failed to clear the $99,000 and $100,000 resistance levels. BTC formed a top and started a fresh decline below the $97,000 level. There was a clear move below the $96,500 support level.<\/p>\n<p>The price even dipped below the $95,000 level. However, the bulls appeared near $95,200. A low was formed at $95,224 and the price is now attempting to recover. There was a move above the $96,000 level. The price cleared the 23.6% Fib retracement level of the downward move from the $98,826 swing high to the $95,224 low.<\/p>\n<p>Bitcoin price is now trading below $96,500 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $96,400 level. There is also a key bearish trend line forming with resistance at $96,400 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>The first key resistance is near the $97,000 level or the 50% Fib retracement level of the downward move from the $98,826 swing high to the $95,224 low. The next key resistance could be $98,000.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-698381\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/02\/Bitcoin_92dc92.png?resize=1024%2C478\" alt=\"Bitcoin Price\" width=\"1024\" height=\"478\" \/><\/p>\n<p>A close above the $98,000 resistance might send the price further higher. In the stated case, the price could rise and test the $98,800 resistance level. Any more gains might send the price toward the $100,000 level or even $100,500.<\/p>\n<h2>More Losses In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $97,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $95,500 level. The first major support is near the $95,200 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 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 $95,500, followed by $95,000.<\/p>\n<p>Major Resistance Levels \u2013 $97,000 and $98,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started another decline below the $96,800 zone. BTC is retesting the $95,500 support zone and might struggle to recover losses. Bitcoin started a fresh decline from the $98,000 zone. The price is trading below $96,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3033,"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-3032","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\/3032","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=3032"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/3032\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/3033"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=3032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=3032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=3032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}