{"id":6029,"date":"2025-07-24T05:00:26","date_gmt":"2025-07-24T05:00:26","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-price-aims-fresh-gains-after-consolidation-can-the-rally-resume\/"},"modified":"2025-07-24T05:00:26","modified_gmt":"2025-07-24T05:00:26","slug":"bitcoin-price-aims-fresh-gains-after-consolidation-can-the-rally-resume","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-price-aims-fresh-gains-after-consolidation-can-the-rally-resume\/","title":{"rendered":"Bitcoin Price Aims Fresh Gains After Consolidation: Can the Rally Resume?"},"content":{"rendered":"<p><em>Bitcoin price is eyeing a fresh increase above the $118,500 resistance. BTC must clear the $120,250 resistance zone to gain bullish momentum in the near term.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh increase after it cleared the $118,000 zone.<\/li>\n<li>The price is trading above $118,600 and the 100 hourly Simple moving average.<\/li>\n<li>There is a key bullish trend line forming with support at $118,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair might start another increase if it clears the $120,000 resistance zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Aims Another Increase<\/h2>\n<p>Bitcoin price started a correction phase from the $120,250 resistance zone. BTC dipped below the $118,500 level and tested the $118,000 zone.<\/p>\n<p>There was a move below the 50% Fib retracement level of the upward move from the $116,260 swing low to the $120,237 high. However, the bulls were active near the $117,500 support zone. There is also a key bullish trend line forming with support at $118,200 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>Bitcoin is now trading above $118,600 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $119,300 level. The first key resistance is near the $120,000 level.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-793169\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/07\/Bitcoin_c030e7.png?resize=1024%2C479\" alt=\"Bitcoin Price\" width=\"1024\" height=\"479\" \/><\/p>\n<p>The next resistance could be $120,250. A close above the $120,250 resistance might send the price further higher. In the stated case, the price could rise and test the $122,500 resistance level. Any more gains might send the price toward the $122,500 level. The main target could be $123,200.<\/p>\n<h2>Another Decline In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $120,250 resistance zone, it could start another decline. Immediate support is near the $118,500 level and the trend line. The first major support is near the $117,200 level or the 76.4% Fib retracement level of the upward move from the $116,260 swing low to the $120,237 high.<\/p>\n<p>The next support is now near the $116,250 zone. Any more losses might send the price toward the $115,000 support in the near term. The main support sits at $113,500, below which BTC might continue to move down.<\/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 $118,250, followed by $116,250.<\/p>\n<p>Major Resistance Levels \u2013 $119,250 and $120,250.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is eyeing a fresh increase above the $118,500 resistance. BTC must clear the $120,250 resistance zone to gain bullish momentum in the near term. Bitcoin started a fresh increase after it cleared the $118,000 zone. The price is trading above $118,600 and the 100 hourly Simple moving average. There is a key bullish&hellip;<\/p>\n","protected":false},"author":1,"featured_media":6030,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142],"tags":[22,29,32,35,36,154],"class_list":["post-6029","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\/6029","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=6029"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/6029\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/6030"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=6029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=6029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=6029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}