{"id":7800,"date":"2025-10-24T05:00:24","date_gmt":"2025-10-24T05:00:24","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-price-stabilizes-buyers-step-in-to-prevent-deeper-correction\/"},"modified":"2025-10-24T05:00:24","modified_gmt":"2025-10-24T05:00:24","slug":"bitcoin-price-stabilizes-buyers-step-in-to-prevent-deeper-correction","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-price-stabilizes-buyers-step-in-to-prevent-deeper-correction\/","title":{"rendered":"Bitcoin Price Stabilizes \u2014 Buyers Step In To Prevent Deeper Correction"},"content":{"rendered":"<p><em>Bitcoin price is attempting to recover above $108,500 and $108,800. BTC could rise further if there is a clear move above the $111,200 resistance.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh recovery wave above the $108,800 resistance level.<\/li>\n<li>The price is trading above $109,000 and the 100 hourly Simple moving average.<\/li>\n<li>There was a break above a short-term channel with resistance at $108,700 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 $111,200 zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Starts Fresh Increase<\/h2>\n<p>Bitcoin price declined again below the $109,000 level. BTC tested the $106,720 zone and is currently attempting a fresh increase. There was a move above the $108,000 and $108,800 resistance levels.<\/p>\n<p>The price climbed above the 50% Fib retracement level of the downward move from the $114,000 swing high to the $106,717 low. Besides, there was a break above a short-term channel with resistance at $108,700 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>Bitcoin is now trading above $109,000 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $111,200 level or the 61.8% Fib retracement level of the downward move from the $114,000 swing high to the $106,717 low.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-843233\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/10\/Bitcoin_43f65d.png?resize=1024%2C493\" alt=\"Bitcoin Price \" width=\"1024\" height=\"493\" \/><\/p>\n<p>The first key resistance is near the $111,500 level. The next resistance could be $112,500. A close above the $112,500 resistance might send the price further higher. In the stated case, the price could rise and test the $113,200 resistance. Any more gains might send the price toward the $114,000 level. The next barrier for the bulls could be $115,500.<\/p>\n<h2>Another Drop In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $111,200 resistance zone, it could start a fresh decline. Immediate support is near the $109,500 level. The first major support is near the $108,800 level.<\/p>\n<p>The next support is now near the $108,500 zone. Any more losses might send the price toward the $107,400 support in the near term. The main support sits at $106,500, 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 $109,500, followed by $108,800.<\/p>\n<p>Major Resistance Levels \u2013 $111,200 and $112,500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is attempting to recover above $108,500 and $108,800. BTC could rise further if there is a clear move above the $111,200 resistance. Bitcoin started a fresh recovery wave above the $108,800 resistance level. The price is trading above $109,000 and the 100 hourly Simple moving average. There was a break above a short-term&hellip;<\/p>\n","protected":false},"author":1,"featured_media":7801,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142],"tags":[22,29,32,35,36,154],"class_list":["post-7800","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\/7800","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=7800"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/7800\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/7801"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=7800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=7800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=7800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}