{"id":4831,"date":"2025-05-23T05:00:34","date_gmt":"2025-05-23T05:00:34","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-bulls-poised-btc-consolidates-near-ath-with-eyes-on-higher-highs\/"},"modified":"2025-05-23T05:00:34","modified_gmt":"2025-05-23T05:00:34","slug":"bitcoin-bulls-poised-btc-consolidates-near-ath-with-eyes-on-higher-highs","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-bulls-poised-btc-consolidates-near-ath-with-eyes-on-higher-highs\/","title":{"rendered":"Bitcoin Bulls Poised? BTC Consolidates Near ATH With Eyes on Higher Highs"},"content":{"rendered":"<p><em>Bitcoin price started a fresh increase and traded to a new all-time high above the $111,500 zone. BTC is now consolidating and might aim for an increase toward $113,200<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh upward move from the $108,000 zone.<\/li>\n<li>The price is trading above $108,000 and the 100 hourly Simple moving average.<\/li>\n<li>There is a key bullish trend line forming with support at $110,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could gain bullish momentum if it clears the $112,000 resistance.<\/li>\n<\/ul>\n<h2>Bitcoin Price Sets New ATH<\/h2>\n<p>Bitcoin price started a fresh increase from the $105,000 support zone. BTC formed a base and was able to clear the $108,000 resistance zone. The bulls pushed the price above $110,000.<\/p>\n<p>The bulls even pumped the price above the $111,500 resistance zone. The price traded to a new all-time high near $111,980 and is currently consolidating gains above the 23.6% Fib retracement level of the upward move from the $104,270 swing low to the $111,980 high.<\/p>\n<p>Bitcoin is now trading above $109,000 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support at $110,000 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-757182\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/05\/Bitcoin_6bf4b9.png?resize=1024%2C479\" alt=\"Bitcoin Price\" width=\"1024\" height=\"479\" \/><\/p>\n<p>On the upside, immediate resistance is near the $112,000 level. The first key resistance is near the $112,500 level. The next key resistance could be $113,200. A close above the $113,200 resistance might send the price further higher. In the stated case, the price could rise and test the $115,000 resistance level. Any more gains might send the price toward the $118,000 level.<\/p>\n<h2>Are Dips Supported In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $112,000 resistance zone, it could start another correction. Immediate support on the downside is near the $110,000 level and the trend line. The first major support is near the $108,200 level and the 50% Fib retracement level of the upward move from the $104,270 swing low to the $111,980 high.<\/p>\n<p>The next support is now near the $107,200 zone. Any more losses might send the price toward the $106,000 support in the near term. The main support sits at $105,000, below which BTC might gain bearish momentum.<\/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 $110,000, followed by $108,200.<\/p>\n<p>Major Resistance Levels \u2013 $112,000 and $113,200.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a fresh increase and traded to a new all-time high above the $111,500 zone. BTC is now consolidating and might aim for an increase toward $113,200 Bitcoin started a fresh upward move from the $108,000 zone. The price is trading above $108,000 and the 100 hourly Simple moving average. There is a&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4832,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142],"tags":[22,29,32,35,36,154],"class_list":["post-4831","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\/4831","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=4831"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/4831\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/4832"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=4831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=4831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=4831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}