{"id":5154,"date":"2025-06-09T05:00:25","date_gmt":"2025-06-09T05:00:25","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-price-bounces-past-105k-is-a-full-blown-rally-back-on-the-cards\/"},"modified":"2025-06-09T05:00:25","modified_gmt":"2025-06-09T05:00:25","slug":"bitcoin-price-bounces-past-105k-is-a-full-blown-rally-back-on-the-cards","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-price-bounces-past-105k-is-a-full-blown-rally-back-on-the-cards\/","title":{"rendered":"Bitcoin Price Bounces Past 105K: Is a Full-Blown Rally Back on the Cards?"},"content":{"rendered":"<p><em>Bitcoin price started a recovery wave above the $105,000 zone. BTC is now consolidating and might attempt to clear the $106,500 resistance.<\/em><\/p>\n<ul>\n<li>Bitcoin started a recovery wave above the $105,000 zone.<\/li>\n<li>The price is trading above $105,000 and the 100 hourly Simple moving average.<\/li>\n<li>There is a bullish trend line forming with support at $105,350 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could start a fresh decline if it breaks the $104,000 support zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Restarts Increase<\/h2>\n<p>Bitcoin price started a fresh decline and traded below the $102,500 support zone. BTC even traded close to the $100,000 zone before the bulls appeared.<\/p>\n<p>A low was formed and the price recovered above the $103,500 resistance. The bulls even pushed the price above the $105,000 resistance. A high was formed at $106,426 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $100,400 swing low to the $106,426 high.<\/p>\n<p>Bitcoin is now trading above $105,000 and the 100 hourly Simple moving average. There is also a bullish trend line forming with support at $105,350 on the hourly chart of the BTC\/USD pair.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-767980\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/06\/Bitcoin_4d2ca7.png?resize=1024%2C449\" alt=\"Bitcoin Price\" width=\"1024\" height=\"449\" loading=\"lazy\" \/><\/p>\n<p>On the upside, immediate resistance is near the $106,200 level. The first key resistance is near the $106,500 level. The next key resistance could be $107,600. A close above the $107,600 resistance might send the price further higher. In the stated case, the price could rise and test the $108,800 resistance level. Any more gains might send the price toward the $110,000 level.<\/p>\n<h2>Another Decline In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $106,200 resistance zone, it could start another decline. Immediate support is near the $105,200 level and the trend line. The first major support is near the $103,500 level and the 50% Fib retracement level of the upward move from the $100,400 swing low to the $106,426 high.<\/p>\n<p>The next support is now near the $102,000 zone. Any more losses might send the price toward the $100,500 support in the near term. The main support sits at $100,000, 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 $105,200, followed by $103,500.<\/p>\n<p>Major Resistance Levels \u2013 $106,200 and $107,600.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a recovery wave above the $105,000 zone. BTC is now consolidating and might attempt to clear the $106,500 resistance. Bitcoin started a recovery wave above the $105,000 zone. The price is trading above $105,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at $105,350&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5155,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142],"tags":[22,29,32,35,36,154],"class_list":["post-5154","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\/5154","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=5154"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/5154\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/5155"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=5154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=5154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=5154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}