{"id":9140,"date":"2025-12-31T06:00:23","date_gmt":"2025-12-31T06:00:23","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-price-resists-breakdown-support-level-holds-for-now\/"},"modified":"2025-12-31T06:00:23","modified_gmt":"2025-12-31T06:00:23","slug":"bitcoin-price-resists-breakdown-support-level-holds-for-now","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-price-resists-breakdown-support-level-holds-for-now\/","title":{"rendered":"Bitcoin Price Resists Breakdown, Support Level Holds\u2014for Now"},"content":{"rendered":"<p><em>Bitcoin price trimmed all gains and dived below $88,000. BTC is now recovering losses from the $86,700 support but faces many hurdles.<\/em><\/p>\n<ul>\n<li>Bitcoin started a recovery wave above the $88,000 zone.<\/li>\n<li>The price is trading above $88,000 and the 100 hourly Simple moving average.<\/li>\n<li>There was a break above a declining channel with resistance at $87,300 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 stays above the $87,500 zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Remains Bid Near Support<\/h2>\n<p>Bitcoin price attempted a fresh increase above $88,500 but failed. BTC trimmed all gains and dived below $88,000. However, the bulls were active near the $86,700 zone.<\/p>\n<p>A low was formed at $86,700, and the price recently started a fresh increase. There was a clear move above the $88,000 resistance, and the 50% Fib retracement level of the downward move from the $90,298 swing high to the $86,700 low.<\/p>\n<p>Besides, there was a break above a declining channel with resistance at $87,300 on the hourly chart of the BTC\/USD pair. Bitcoin is now trading above $88,000 and the 100 hourly Simple moving average.<\/p>\n<p>If the price remains stable above $87,500, it could attempt a fresh recovery wave. Immediate resistance is near the $88,500 level. The first key resistance is near the $88,900 level or the 61.8% Fib retracement level of the downward move from the $90,298 swing high to the $86,700 low.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-871206\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/12\/Bitcoin_7cc185.png?resize=1024%2C468\" alt=\"Bitcoin Price\" width=\"1024\" height=\"468\" \/><\/p>\n<p>The next resistance could be $89,500. A close above the $89,500 resistance might send the price further higher. In the stated case, the price could rise and test the $90,200 resistance. Any more gains might send the price toward the $90,500 level. The next barrier for the bulls could be $91,200 and $91,500.<\/p>\n<h2>Another Decline In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $89,000 resistance zone, it could start another decline. Immediate support is near the $87,850 level. The first major support is near the $87,500 level.<\/p>\n<p>The next support is now near the $86,700 zone. Any more losses might send the price toward the $85,500 support in the near term. The main support sits at $85,000, 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 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 $87,500, followed by $86,700.<\/p>\n<p>Major Resistance Levels \u2013 $88,500 and $89,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price trimmed all gains and dived below $88,000. BTC is now recovering losses from the $86,700 support but faces many hurdles. Bitcoin started a recovery wave above the $88,000 zone. The price is trading above $88,000 and the 100 hourly Simple moving average. There was a break above a declining channel with resistance at&hellip;<\/p>\n","protected":false},"author":1,"featured_media":9141,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142],"tags":[22,29,32,35,36,154],"class_list":["post-9140","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\/9140","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=9140"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/9140\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/9141"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=9140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=9140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=9140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}