{"id":7439,"date":"2025-10-06T05:00:20","date_gmt":"2025-10-06T05:00:20","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-steadies-after-rally-is-another-powerful-breakout-just-ahead\/"},"modified":"2025-10-06T05:00:20","modified_gmt":"2025-10-06T05:00:20","slug":"bitcoin-steadies-after-rally-is-another-powerful-breakout-just-ahead","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-steadies-after-rally-is-another-powerful-breakout-just-ahead\/","title":{"rendered":"Bitcoin Steadies After Rally \u2013 Is Another Powerful Breakout Just Ahead?"},"content":{"rendered":"<p><em>Bitcoin price started a strong increase and traded above $124,000. BTC is now consolidating gains and might aim for a fresh rally in the short term.<\/em><\/p>\n<ul>\n<li>Bitcoin started a major increase above the $123,500 zone.<\/li>\n<li>The price is trading above $122,000 and the 100 hourly Simple moving average.<\/li>\n<li>There is a short-term bullish trend line forming with support at $123,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair might continue to move up if it clears the $124,500 zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Starts Fresh Rally<\/h2>\n<p>Bitcoin price managed to stay above the $120,000 zone and started a fresh increase. BTC settled above the $121,500 resistance zone to start the current move.<\/p>\n<p>The bulls were able to pump the price above the $123,500 and $124,000 levels. They even cleared the $125,000 level. A high was formed at $125,670 before there was a minor pullback to $122,250. The price is again rising and trading near the 50% Fib retracement level of the recent decline from the $125,670 swing high to the $122,320 low.<\/p>\n<p>Bitcoin is now trading above $123,000 and the 100 hourly Simple moving average. Besides, there is a short-term bullish trend line forming with support at $123,000 on the hourly chart of the BTC\/USD pair.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-832948\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/10\/Bitcoin_62128a.png?resize=1024%2C493\" alt=\"Bitcoin Price\" width=\"1024\" height=\"493\" loading=\"lazy\" \/><\/p>\n<p>Immediate resistance on the upside is near the $124,000 level. The first key resistance is near the $124,500 level or the 61.8% Fib retracement level of the recent decline from the $125,670 swing high to the $122,320 low. The next resistance could be $125,500. A close above the $125,500 resistance might send the price further higher. In the stated case, the price could rise and test the $126,500 resistance. Any more gains might send the price toward the $128,000 level. The next barrier for the bulls could be $130,000.<\/p>\n<h2>Downside Correction In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $124,500 resistance zone, it could start a fresh decline. Immediate support is near the $123,000 level and the trend line. The first major support is near the $122,250 level.<\/p>\n<p>The next support is now near the $121,500 zone. Any more losses might send the price toward the $120,000 support in the near term. The main support sits at $118,500, below which BTC might struggle to recover in the short term.<\/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 $123,000, followed by $122,250.<\/p>\n<p>Major Resistance Levels \u2013 $124,500 and $125,500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a strong increase and traded above $124,000. BTC is now consolidating gains and might aim for a fresh rally in the short term. Bitcoin started a major increase above the $123,500 zone. The price is trading above $122,000 and the 100 hourly Simple moving average. There is a short-term bullish trend line&hellip;<\/p>\n","protected":false},"author":1,"featured_media":7440,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142],"tags":[22,29,32,35,36,154],"class_list":["post-7439","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\/7439","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=7439"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/7439\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/7440"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=7439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=7439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=7439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}