{"id":4497,"date":"2025-05-06T05:00:32","date_gmt":"2025-05-06T05:00:32","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-price-faces-stiff-resistance-is-another-drop-on-the-horizon\/"},"modified":"2025-05-06T05:00:32","modified_gmt":"2025-05-06T05:00:32","slug":"bitcoin-price-faces-stiff-resistance-is-another-drop-on-the-horizon","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-price-faces-stiff-resistance-is-another-drop-on-the-horizon\/","title":{"rendered":"Bitcoin Price Faces Stiff Resistance: Is Another Drop on the Horizon?"},"content":{"rendered":"<p><em>Bitcoin price started a downside correction below the $96,500 zone. BTC is now trading below $95,000 and struggling to start a fresh increase.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh decline below the $95,500 zone.<\/li>\n<li>The price is trading below $95,500 and the 100 hourly Simple moving average.<\/li>\n<li>There is a connecting bearish trend line forming with resistance at $94,750 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 $95,750 zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Faces Resistance<\/h2>\n<p>Bitcoin price started a downside correction below the $97,200 support zone. BTC declined below the $96,200 and $95,500 support levels.<\/p>\n<p>The bears even pushed it below $94,500. A low was formed at $93,570 and the price is now attempting to recover. There was a move above the $94,000 level. The price cleared the 23.6% Fib retracement level of the recent decline from the $97,885 swing high to the $93,570 low.<\/p>\n<p>However, the bears are active near the $95,000 zone. Bitcoin price is now trading below $95,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $94,750 level. There is also a connecting bearish trend line forming with resistance at $94,750 on the hourly chart of the BTC\/USD pair.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-744669\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/05\/Bitcoin_925a71.png?resize=1024%2C478\" alt=\"Bitcoin Price\" width=\"1024\" height=\"478\" \/><\/p>\n<p>The first key resistance is near the $95,300 level. The next key resistance could be $95,750 and the 50% Fib retracement level of the recent decline from the $97,885 swing high to the $93,570 low. A close above the $95,750 resistance might send the price further higher. In the stated case, the price could rise and test the $96,800 resistance level. Any more gains might send the price toward the $98,000 level.<\/p>\n<h2>More Losses In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $94,750 resistance zone, it could start another downside correction. Immediate support on the downside is near the $93,750 level. The first major support is near the $93,500 level.<\/p>\n<p>The next support is now near the $93,200 zone. Any more losses might send the price toward the $92,500 support in the near term. The main support sits at $91,200.<\/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 $93,750, followed by $93,500.<\/p>\n<p>Major Resistance Levels \u2013 $94,750 and $95,750.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a downside correction below the $96,500 zone. BTC is now trading below $95,000 and struggling to start a fresh increase. Bitcoin started a fresh decline below the $95,500 zone. The price is trading below $95,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4498,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142],"tags":[22,29,32,35,36,154],"class_list":["post-4497","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\/4497","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=4497"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/4497\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/4498"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=4497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=4497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=4497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}