{"id":5643,"date":"2025-07-04T05:00:24","date_gmt":"2025-07-04T05:00:24","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-price-coiling-up-is-a-surge-past-110k-on-deck\/"},"modified":"2025-07-04T05:00:24","modified_gmt":"2025-07-04T05:00:24","slug":"bitcoin-price-coiling-up-is-a-surge-past-110k-on-deck","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-price-coiling-up-is-a-surge-past-110k-on-deck\/","title":{"rendered":"Bitcoin Price Coiling Up \u2014 Is a Surge Past $110K on Deck?"},"content":{"rendered":"<p><em>Bitcoin price started a fresh increase above the $107,500 zone. BTC is now consolidating and might struggle to continue higher above the $110,000 resistance.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh increase above the $108,500 zone.<\/li>\n<li>The price is trading above $108,000 and the 100 hourly Simple moving average.<\/li>\n<li>There is a short-term rising channel forming with support at $109,500 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 stays above the $107,850 zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Consolidates Gains<\/h2>\n<p>Bitcoin price started a fresh increase after it settled above the $105,500 resistance. BTC cleared many hurdles near $107,000 to start a decent increase.<\/p>\n<p>The bulls pushed the price in a positive zone above the $108,000 level. The price even spiked above the $110,000 level before the bears appeared. A high was formed near $110,578 and the price is now consolidating gains near the 23.6% Fib retracement level of the upward move from the $105,116 swing low to the $110,578 high.<\/p>\n<p>Bitcoin is now trading above $108,000 and the 100 hourly Simple moving average. Besides, there is a short-term rising channel forming with support at $109,500 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-783144\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/07\/Bitcoin_178cde.png?resize=1024%2C479\" alt=\"Bitcoin Price \" width=\"1024\" height=\"479\" \/><\/p>\n<p>On the upside, immediate resistance is near the $110,000 level. The first key resistance is near the $110,500 level. A close above the $110,500 resistance might send the price further higher. In the stated case, the price could rise and test the $112,000 resistance level. Any more gains might send the price toward the $113,200 level.<\/p>\n<h2>Downside Correction In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $110,000 resistance zone, it could start another decline. Immediate support is near the $109,500 level and the channel\u2019s trend line. The first major support is near the $108,800 level.<\/p>\n<p>The next support is now near the $107,850 zone and the 50% Fib retracement level of the upward move from the $105,116 swing low to the $110,578 high. Any more losses might send the price toward the $106,400 support in the near term. The main support sits at $105,000, below which BTC might continue to move down.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now losing 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 $108,800, followed by $107,850.<\/p>\n<p>Major Resistance Levels \u2013 $110,000 and $110,500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a fresh increase above the $107,500 zone. BTC is now consolidating and might struggle to continue higher above the $110,000 resistance. Bitcoin started a fresh increase above the $108,500 zone. The price is trading above $108,000 and the 100 hourly Simple moving average. There is a short-term rising channel forming with support&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5644,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142],"tags":[22,29,32,35,36,154],"class_list":["post-5643","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\/5643","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=5643"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/5643\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/5644"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=5643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=5643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=5643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}