{"id":6505,"date":"2025-08-19T05:00:29","date_gmt":"2025-08-19T05:00:29","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-price-extends-decline-could-test-112k-before-bulls-return\/"},"modified":"2025-08-19T05:00:29","modified_gmt":"2025-08-19T05:00:29","slug":"bitcoin-price-extends-decline-could-test-112k-before-bulls-return","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-price-extends-decline-could-test-112k-before-bulls-return\/","title":{"rendered":"Bitcoin Price Extends Decline, Could Test $112K Before Bulls Return"},"content":{"rendered":"<p><em>Bitcoin price is correcting gains and trading below $118,000. BTC is still showing some bearish signs and might decline toward the <\/em><em>$112,000 zone.<\/em><\/p>\n<ul>\n<li>Bitcoin started a downside correction below the $118,000 zone.<\/li>\n<li>The price is trading below $116,500 and the 100 hourly Simple moving average.<\/li>\n<li>There is a key bearish trend line forming with resistance at $118,000 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 $118,000 resistance zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Dips Again<\/h2>\n<p>Bitcoin price started a fresh decline after a close below the $120,000 level. BTC gained bearish momentum and traded below the $118,500 support zone.<\/p>\n<p>There was a move below the $116,500 support zone and the 100 hourly Simple moving average. The pair tested the $114,750 zone. A low was formed at $114,715 and the price is now consolidating below the 23.6% Fib retracement level of the recent decline from the $124,420 swing high to the $114,715 low.<\/p>\n<p>Bitcoin is now trading below $117,000 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $117,000 level. The first key resistance is near the $118,000 level. There is also a key bearish trend line forming with resistance at $118,000 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-806478\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/08\/Bitcoin_d669f0.png?resize=1024%2C493\" alt=\"Bitcoin Price\" width=\"1024\" height=\"493\" \/><\/p>\n<p>The next resistance could be $118,500. A close above the $118,500 resistance might send the price further higher. In the stated case, the price could rise and test the $119,500 resistance level. It is close to the 50% Fib retracement level of the recent decline from the $124,420 swing high to the $114,715 low. Any more gains might send the price toward the $120,000 level. The main target could be $121,500.<\/p>\n<h2>More Losses In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $118,000 resistance zone, it could start a fresh decline. Immediate support is near the $115,000 level. The first major support is near the $114,750 level.<\/p>\n<p>The next support is now near the $113,500 zone. Any more losses might send the price toward the $112,000 support in the near term. The main support sits at $110,000, 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 bearish 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 $115,000, followed by $113,500.<\/p>\n<p>Major Resistance Levels \u2013 $118,000 and $118,500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is correcting gains and trading below $118,000. BTC is still showing some bearish signs and might decline toward the $112,000 zone. Bitcoin started a downside correction below the $118,000 zone. The price is trading below $116,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance&hellip;<\/p>\n","protected":false},"author":1,"featured_media":6506,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142],"tags":[22,29,32,35,36,154],"class_list":["post-6505","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\/6505","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=6505"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/6505\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/6506"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=6505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=6505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=6505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}