{"id":5291,"date":"2025-06-16T05:00:26","date_gmt":"2025-06-16T05:00:26","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-price-bounces-back-bulls-eye-new-upside-leg\/"},"modified":"2025-06-16T05:00:26","modified_gmt":"2025-06-16T05:00:26","slug":"bitcoin-price-bounces-back-bulls-eye-new-upside-leg","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-price-bounces-back-bulls-eye-new-upside-leg\/","title":{"rendered":"Bitcoin Price Bounces Back: Bulls Eye New Upside Leg"},"content":{"rendered":"<p><em>Bitcoin price started a fresh decline and tested the $103,200 zone. BTC is now recovering and might aim for a move above the $106,800 resistance.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh decline below the $106,800 and $105,500 levels.<\/li>\n<li>The price is trading near $105,800 and the 100 hourly Simple moving average.<\/li>\n<li>There was a break above a key bearish trend line with resistance at $105,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could start a fresh increase if it clears the $106,800 resistance zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Recovers<\/h2>\n<p>Bitcoin price started a fresh decline after it failed to clear the $110,000 resistance zone. BTC declined below the $107,000 and $106,000 support levels.<\/p>\n<p>The price even dipped below the $104,000 support level. Finally, it tested the $103,200 zone. A low was formed at $103,078 and the price is now recovering losses. There was a move above the 23.6% Fib retracement level of the recent decline from the $110,411 swing high to the $103,078 low.<\/p>\n<p>Besides, there was a break above a key bearish trend line with resistance at $105,000 on the hourly chart of the BTC\/USD pair. Bitcoin is now trading near $105,800 and the 100 hourly Simple moving average.<\/p>\n<p>On the upside, immediate resistance is near the $106,000 level. The first key resistance is near the $106,750 level. It is close to the 50% Fib retracement level of the recent decline from the $110,411 swing high to the $103,078 low. The next key resistance could be $107,500.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-771947\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/06\/Bitcoin_31fc07.png?resize=1024%2C479\" alt=\"Bitcoin Price\" width=\"1024\" height=\"479\" loading=\"lazy\" \/><\/p>\n<p>A close above the $107,500 resistance might send the price further higher. In the stated case, the price could rise and test the $108,000 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 $106,750 resistance zone, it could start another decline. Immediate support is near the $105,000 level. The first major support is near the $104,200 level.<\/p>\n<p>The next support is now near the $103,200 zone. Any more losses might send the price toward the $102,500 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 bearish 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 $104,200, followed by $103,200.<\/p>\n<p>Major Resistance Levels \u2013 $106,750 and $107,500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a fresh decline and tested the $103,200 zone. BTC is now recovering and might aim for a move above the $106,800 resistance. Bitcoin started a fresh decline below the $106,800 and $105,500 levels. The price is trading near $105,800 and the 100 hourly Simple moving average. There was a break above a&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5292,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142],"tags":[22,29,32,35,36,154],"class_list":["post-5291","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\/5291","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=5291"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/5291\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/5292"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=5291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=5291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=5291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}