{"id":7772,"date":"2025-10-23T05:00:20","date_gmt":"2025-10-23T05:00:20","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-price-slides-lower-bears-tighten-grip-amid-weak-market-sentiment\/"},"modified":"2025-10-23T05:00:20","modified_gmt":"2025-10-23T05:00:20","slug":"bitcoin-price-slides-lower-bears-tighten-grip-amid-weak-market-sentiment","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-price-slides-lower-bears-tighten-grip-amid-weak-market-sentiment\/","title":{"rendered":"Bitcoin Price Slides Lower \u2014 Bears Tighten Grip Amid Weak Market Sentiment"},"content":{"rendered":"<p><em>Bitcoin price is attempting to recover above $107,500 and $108,000. BTC could rise further if there is a clear move above the $109,500 barrier.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh recovery wave above the $108,000 resistance level.<\/li>\n<li>The price is trading below $109,000 and the 100 hourly Simple moving average.<\/li>\n<li>There is a short-term declining channel forming with resistance at $108,800 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 trades above the $109,500 zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Takes Hit<\/h2>\n<p>Bitcoin price declined again below the $109,500 level. BTC tested the $106,750 zone and is currently consolidating losses. A low was formed at $106,717 before the price recovered some losses.<\/p>\n<p>There was a move above the $107,500 and $108,000 levels. The price climbed above the 23.6% Fib retracement level of the recent decline from the $114,000 swing high to the $106,717 low. However, the bulls are now facing many hurdles.<\/p>\n<p>Bitcoin is now trading below $109,000 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $108,800 level. There is also a short-term declining channel forming with resistance at $108,800 on the hourly chart of the BTC\/USD pair.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-842448\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/10\/Bitcoin_a094fa.png?resize=1024%2C493\" alt=\"Bitcoin Price\" width=\"1024\" height=\"493\" loading=\"lazy\" \/><\/p>\n<p>The first key resistance is near the $109,500 level. The next resistance could be $110,500 or the 50% Fib retracement level of the recent decline from the $114,000 swing high to the $106,717 low. A close above the $110,500 resistance might send the price further higher. In the stated case, the price could rise and test the $111,500 resistance. Any more gains might send the price toward the $112,000 level. The next barrier for the bulls could be $113,500.<\/p>\n<h2>Another Drop In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $109,500 resistance zone, it could start a fresh decline. Immediate support is near the $107,200 level. The first major support is near the $106,750 level.<\/p>\n<p>The next support is now near the $105,800 zone. Any more losses might send the price toward the $105,000 support in the near term. The main support sits at $103,500, 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 losing pace in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now near the 50 level.<\/p>\n<p>Major Support Levels \u2013 $108,000, followed by $106,750.<\/p>\n<p>Major Resistance Levels \u2013 $109,500 and $110,500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is attempting to recover above $107,500 and $108,000. BTC could rise further if there is a clear move above the $109,500 barrier. Bitcoin started a fresh recovery wave above the $108,000 resistance level. The price is trading below $109,000 and the 100 hourly Simple moving average. There is a short-term declining channel forming&hellip;<\/p>\n","protected":false},"author":1,"featured_media":7773,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142],"tags":[22,29,32,35,36,154],"class_list":["post-7772","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\/7772","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=7772"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/7772\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/7773"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=7772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=7772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=7772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}