{"id":8578,"date":"2025-12-02T06:00:23","date_gmt":"2025-12-02T06:00:23","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-holds-key-support-though-reclaiming-upside-may-prove-challenging\/"},"modified":"2025-12-02T06:00:23","modified_gmt":"2025-12-02T06:00:23","slug":"bitcoin-holds-key-support-though-reclaiming-upside-may-prove-challenging","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-holds-key-support-though-reclaiming-upside-may-prove-challenging\/","title":{"rendered":"Bitcoin Holds Key Support, Though Reclaiming Upside May Prove Challenging"},"content":{"rendered":"<p><em>Bitcoin price started a fresh decline below $88,000. BTC is now attempting to recover but upside might face hurdles near $88,000.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh decline below the $88,000 zone.<\/li>\n<li>The price is trading below $87,500 and the 100 hourly Simple moving average.<\/li>\n<li>There was a break above a short-term bearish trend line with resistance at $86,000 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 settles below the $85,500 zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Attempts Recovery<\/h2>\n<p>Bitcoin price failed to stay above the $90,000 zone and started a fresh decline. BTC dipped sharply below $88,500 and $88,000. The bears even pushed the price below the $86,500 level.<\/p>\n<p>A low was formed at $83,870 and the price is now correcting losses. There was a move above the $85,000 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $91,928 swing high to the $83,870 low.<\/p>\n<p>Besides, there was a break above a short-term bearish trend line with resistance at $86,000 on the hourly chart of the BTC\/USD pair. Bitcoin is now trading below $88,000 and the 100 hourly Simple moving average.<\/p>\n<p>If the bulls remain in action, the price could attempt another increase. Immediate resistance is near the $87,250 level. The first key resistance is near the $88,000 level or the 50% Fib retracement level of the downward move from the $91,928 swing high to the $83,870 low.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-860992\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/12\/Bitcoin_a7776c.png?resize=1024%2C493\" alt=\"Bitcoin Price \" width=\"1024\" height=\"493\" \/><\/p>\n<p>The next resistance could be $88,500. A close above the $88,500 resistance might send the price further higher. In the stated case, the price could rise and test the $90,000 resistance. Any more gains might send the price toward the $91,500 level. The next barrier for the bulls could be $92,000 and $92,500.<\/p>\n<h2>Another Decline In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $88,000 resistance zone, it could start another decline. Immediate support is near the $85,500 level. The first major support is near the $85,000 level.<\/p>\n<p>The next support is now near the $83,500 zone. Any more losses might send the price toward the $82,500 support in the near term. The main support sits at $81,200, below which BTC might accelerate lower in the near 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 above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $85,500, followed by $85,000.<\/p>\n<p>Major Resistance Levels \u2013 $87,250 and $88,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a fresh decline below $88,000. BTC is now attempting to recover but upside might face hurdles near $88,000. Bitcoin started a fresh decline below the $88,000 zone. The price is trading below $87,500 and the 100 hourly Simple moving average. There was a break above a short-term bearish trend line with resistance&hellip;<\/p>\n","protected":false},"author":1,"featured_media":8579,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142],"tags":[22,29,32,35,36,154],"class_list":["post-8578","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\/8578","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=8578"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/8578\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/8579"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=8578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=8578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=8578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}