{"id":7642,"date":"2025-10-16T05:00:21","date_gmt":"2025-10-16T05:00:21","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-price-wobbles-is-a-sharp-downside-move-on-the-horizon\/"},"modified":"2025-10-16T05:00:21","modified_gmt":"2025-10-16T05:00:21","slug":"bitcoin-price-wobbles-is-a-sharp-downside-move-on-the-horizon","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-price-wobbles-is-a-sharp-downside-move-on-the-horizon\/","title":{"rendered":"Bitcoin Price Wobbles \u2014 Is A Sharp Downside Move On The Horizon?"},"content":{"rendered":"<p><em>Bitcoin price is struggling to settle above $113,500 and $114,000. BTC is now consolidating and might start another decline below $110,000.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh decline after it failed to clear the $114,000 resistance level.<\/li>\n<li>The price is trading below $113,000 and the 100 hourly Simple moving average.<\/li>\n<li>There is a bearish trend line forming with resistance at $112,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair might continue to move down if it trades below the $110,200 zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Faces Hurdles<\/h2>\n<p>Bitcoin price started a recovery wave above the $112,500 resistance level. BTC recovered above the $112,800 and $113,000 resistance levels.<\/p>\n<p>The price climbed above the 50% Fib retracement level of the recent decline from the $115,975 swing high to the $110,000 low. The bulls even pushed the price above the $113,500 resistance level. However, there are many hurdles on the upside.<\/p>\n<p>Bitcoin is now trading below $113,000 and the 100 hourly Simple moving average. Besides, there is a bearish trend line forming with resistance at $112,000 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>Immediate resistance on the upside is near the $112,000 level. The first key resistance is near the $113,000 level. The next resistance could be $113,700 and the 61.8% Fib retracement level of the recent decline from the $115,975 swing high to the $110,000 low.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-838794\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/10\/Bitcoin_67cacb.png?resize=1024%2C493\" alt=\"Bitcoin Price \" width=\"1024\" height=\"493\" \/><\/p>\n<p>A close above the $113,700 resistance might send the price further higher. In the stated case, the price could rise and test the $114,500 resistance. Any more gains might send the price toward the $115,250 level. The next barrier for the bulls could be $115,500.<\/p>\n<h2>Another Decline In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $113,000 resistance zone, it could start a fresh decline. Immediate support is near the $110,200 level. The first major support is near the $110,000 level.<\/p>\n<p>The next support is now near the $109,500 zone. Any more losses might send the price toward the $108,500 support in the near term. The main support sits at $107,200, 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 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 $110,200, followed by $110,000.<\/p>\n<p>Major Resistance Levels \u2013 $112,000 and $113,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is struggling to settle above $113,500 and $114,000. BTC is now consolidating and might start another decline below $110,000. Bitcoin started a fresh decline after it failed to clear the $114,000 resistance level. The price is trading below $113,000 and the 100 hourly Simple moving average. There is a bearish trend line forming&hellip;<\/p>\n","protected":false},"author":1,"featured_media":7643,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142],"tags":[22,29,32,35,36,154],"class_list":["post-7642","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\/7642","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=7642"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/7642\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/7643"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=7642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=7642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=7642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}