{"id":6523,"date":"2025-08-20T05:00:28","date_gmt":"2025-08-20T05:00:28","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-extends-slide-as-bears-tighten-grip-on-price-action\/"},"modified":"2025-08-20T05:00:28","modified_gmt":"2025-08-20T05:00:28","slug":"bitcoin-extends-slide-as-bears-tighten-grip-on-price-action","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-extends-slide-as-bears-tighten-grip-on-price-action\/","title":{"rendered":"Bitcoin Extends Slide as Bears Tighten Grip on Price Action"},"content":{"rendered":"<p><em>Bitcoin price is gaining pace below $115,500. BTC is still showing bearish signs and remains at risk of more losses below the <\/em><em>$112,000 zone.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh decline below the $116,500 zone.<\/li>\n<li>The price is trading below $115,500 and the 100 hourly Simple moving average.<\/li>\n<li>There is a key bearish trend line forming with resistance at $115,400 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 $115,500 resistance zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Dips Further<\/h2>\n<p>Bitcoin price started a fresh decline after a close below the $118,000 level. BTC gained bearish momentum and traded below the $116,500 support zone.<\/p>\n<p>There was a move below the $115,500 support zone and the 100 hourly Simple moving average. The pair tested the $112,500 zone. A low was formed at $112,610 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 $112,610 low.<\/p>\n<p>Bitcoin is now trading below $116,000 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $114,200 level. The first key resistance is near the $115,000 level. There is also a key bearish trend line forming with resistance at $115,400 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-807036\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/08\/Bitcoin_e4c004.png?resize=1024%2C493\" alt=\"Bitcoin Price \" width=\"1024\" height=\"493\" \/><\/p>\n<p>The next resistance could be $115,500. A close above the $115,500 resistance might send the price further higher. In the stated case, the price could rise and test the $118,500 resistance level. It is close to the 50% Fib retracement level of the recent decline from the $124,420 swing high to the $112,610 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 $115,000 resistance zone, it could start a fresh decline. Immediate support is near the $112,500 level. The first major support is near the $112,000 level.<\/p>\n<p>The next support is now near the $110,500 zone. Any more losses might send the price toward the $110,000 support in the near term. The main support sits at $108,000, below which BTC might take a major hit.<\/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 $112,500, followed by $110,500.<\/p>\n<p>Major Resistance Levels \u2013 $115,000 and $115,500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is gaining pace below $115,500. BTC is still showing bearish signs and remains at risk of more losses below the $112,000 zone. Bitcoin started a fresh decline below the $116,500 zone. The price is trading below $115,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with&hellip;<\/p>\n","protected":false},"author":1,"featured_media":6524,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142],"tags":[22,29,32,35,36,154],"class_list":["post-6523","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\/6523","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=6523"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/6523\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/6524"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=6523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=6523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=6523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}