{"id":6377,"date":"2025-08-12T05:00:31","date_gmt":"2025-08-12T05:00:31","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-price-eases-from-highs-bounce-back-on-the-horizon\/"},"modified":"2025-08-12T05:00:31","modified_gmt":"2025-08-12T05:00:31","slug":"bitcoin-price-eases-from-highs-bounce-back-on-the-horizon","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-price-eases-from-highs-bounce-back-on-the-horizon\/","title":{"rendered":"Bitcoin Price Eases From Highs\u2014Bounce Back on the Horizon?"},"content":{"rendered":"<p><em>Bitcoin price is correcting gains from the $122,250 zone. BTC is now consolidating and might aim for a move toward the $120,500 resistance zone.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh increase above the $118,500 zone.<\/li>\n<li>The price is trading above $118,000 and the 100 hourly Simple moving average.<\/li>\n<li>There was a break below a key bullish trend line with support at $119,500 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 $120,500 resistance zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Aims Fresh Increase<\/h2>\n<p>Bitcoin price found support near the $115,500 zone and started a fresh increase. BTC was able to climb above the $117,500 and $118,800 resistance levels.<\/p>\n<p>The price even cleared the $120,500 resistance to move into a positive zone. Finally, the price tested the $122,250 resistance zone. A high was formed at $122,273 and the price recently corrected some gains. There was a move below the $120,500 level.<\/p>\n<p>The price dipped below the 50% Fib retracement level of the upward move from the $116,282 swing low to the $122,273 high. Besides, there was a break below a key bullish trend line with support at $119,500 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>Bitcoin is now trading above $118,000 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $119,250 level. The first key resistance is near the $120,500 level.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-803126\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/08\/Bitcoin_d0a192.png?resize=1024%2C493\" alt=\"Bitcoin Price\" width=\"1024\" height=\"493\" \/><\/p>\n<p>The next resistance could be $121,250. A close above the $121,250 resistance might send the price further higher. In the stated case, the price could rise and test the $123,200 resistance level. Any more gains might send the price toward the $124,000 level. The main target could be $125,000.<\/p>\n<h2>More Losses In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $120,500 resistance zone, it could start another decline. Immediate support is near the $118,200 level. The first major support is near the $117,800 level.<\/p>\n<p>The next support is now near the $116,550 zone. Any more losses might send the price toward the $115,500 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 losing pace in the bullish 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 $118,200, followed by $116,550.<\/p>\n<p>Major Resistance Levels \u2013 $119,250 and $120,500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is correcting gains from the $122,250 zone. BTC is now consolidating and might aim for a move toward the $120,500 resistance zone. Bitcoin started a fresh increase above the $118,500 zone. The price is trading above $118,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend&hellip;<\/p>\n","protected":false},"author":1,"featured_media":6378,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142],"tags":[22,29,32,35,36,154],"class_list":["post-6377","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\/6377","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=6377"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/6377\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/6378"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=6377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=6377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=6377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}