{"id":4955,"date":"2025-05-29T05:00:33","date_gmt":"2025-05-29T05:00:33","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-price-touches-support-zone-will-buyers-step-in\/"},"modified":"2025-05-29T05:00:33","modified_gmt":"2025-05-29T05:00:33","slug":"bitcoin-price-touches-support-zone-will-buyers-step-in","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-price-touches-support-zone-will-buyers-step-in\/","title":{"rendered":"Bitcoin Price Touches Support Zone \u2014 Will Buyers Step In?"},"content":{"rendered":"<p><em>Bitcoin price started a fresh decline and tested the $106,800 zone. BTC is now consolidating and might aim for a move above $108,500<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh decline below the $108,500 zone.<\/li>\n<li>The price is trading below $108,000 and the 100 hourly Simple moving average.<\/li>\n<li>There is a connecting bearish trend line forming with resistance at $108,000 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 $108,500 resistance.<\/li>\n<\/ul>\n<h2>Bitcoin Price Hits Support<\/h2>\n<p>Bitcoin price started a fresh decline and traded below the $108,500 support zone. BTC even traded below the $107,400 level and tested the next support at $106,800.<\/p>\n<p>A low was formed at $106,800 and the price is now recovering. There was a move above the $107,500 level. The price surpassed the 23.6% Fib retracement level of the recent decline from the $110,500 swing high to the $106,805 low.<\/p>\n<p>Bitcoin is now trading below $108,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $108,000 level. There is also a key bearish trend line forming with resistance at $108,000 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>The first key resistance is near the $108,650 level. It is close to the 50% Fib level of the recent decline from the $110,500 swing high to the $106,805 low. The next key resistance could be $109,000.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-760846\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/05\/Bitcoin_ccfca8.png?resize=1024%2C449\" alt=\"Bitcoin Price \" width=\"1024\" height=\"449\" \/><\/p>\n<p>A close above the $109,000 resistance might send the price further higher. In the stated case, the price could rise and test the $110,000 resistance level. Any more gains might send the price toward the $112,000 level.<\/p>\n<h2>Another Drop In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $108,500 resistance zone, it could start another correction. Immediate support on is near the $107,200 level. The first major support is near the $106,800 level.<\/p>\n<p>The next support is now near the $106,000 zone. Any more losses might send the price toward the $105,000 support in the near term. The main support sits at $103,500, below which BTC might gain bearish momentum.<\/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 $107,200, followed by $106,800.<\/p>\n<p>Major Resistance Levels \u2013 $108,000 and $110,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a fresh decline and tested the $106,800 zone. BTC is now consolidating and might aim for a move above $108,500 Bitcoin started a fresh decline below the $108,500 zone. The price is trading below $108,000 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":4956,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142],"tags":[22,29,32,35,36,154],"class_list":["post-4955","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\/4955","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=4955"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/4955\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/4956"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=4955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=4955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=4955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}