{"id":661169,"date":"2024-12-12T02:41:24","date_gmt":"2024-12-12T02:41:24","guid":{"rendered":"https:\/\/ktsl888.com\/?p=661169"},"modified":"2024-12-12T02:41:24","modified_gmt":"2024-12-12T02:41:24","slug":"bitcoin-price-reclaims-100k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-reclaims-100k\/","title":{"rendered":"Bitcoin Price Reclaims $100K: Is the Bull Run Back On?"},"content":{"rendered":"<p><em>Bitcoin price remained supported above the $95,500 zone. BTC is up over 5% and is now trading above the $100,00 resistance zone.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh increase above the $97,500 zone.<\/li>\n<li>The price is trading above $98,800 and the 100 hourly Simple moving average.<\/li>\n<li>There was a break above a key bearish trend line with resistance at $97,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could correct some gains before it attempts to surpass the $102,000 resistance zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Regains Strength<\/h2>\n<p>Bitcoin price formed a base and started a <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-holds-support-94250\/\" target=\"_blank\" rel=\"noopener \">fresh increase<\/a> above the $98,000 zone. There was a move above the $98,800 and $99,200 levels.<\/p>\n<p>During the increase, there was a break above a key bearish trend line with resistance at $97,500 on the hourly chart of the BTC\/USD pair. The pair even cleared the $100,000 level. A high was formed at $101,900 and the price is now consolidating <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-dips-95k\/\" target=\"_blank\" rel=\"noopener \">gains<\/a>.<\/p>\n<p>It is slowly moving lower toward the 23.6% Fib retracement level of the recent wave from the $94,314 swing low to the $101,900 high. Bitcoin price is now trading above $100,000 and the 100 hourly Simple moving average.<\/p>\n<figure id=\"attachment_661170\" aria-describedby=\"caption-attachment-661170\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_03212a.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-661170\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_03212a.png?resize=1024%2C478\" alt=\"Bitcoin Price \" width=\"1024\" height=\"478\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_03212a.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_03212a.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_03212a.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_03212a.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_03212a.png?w=104 104w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_03212a.png?w=83 83w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_03212a.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_03212a.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_03212a.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-661170\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>On the upside, the price could face resistance near the $101,400 level. The first key resistance is near the $102,000 level. A clear move above the $102,000 resistance might send the price higher. The next key resistance could be $104,000. A close above the $104,000 resistance might send the price further higher. In the stated case, the price could rise and test the $105,000 resistance level. Any more gains might send the price toward the $108,000 level.<\/p>\n<h2>Another Decline In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $102,000 resistance zone, it could start another downside correction. Immediate support on the downside is near the $100,000 level.<\/p>\n<p>The first major support is near the $98,200 level or the 50% Fib retracement level of the recent wave from the $94,314 swing low to the $101,900 high. The next support is now near the $97,250 zone. Any more losses might send the price toward the $95,000 support 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 $100,200, followed by $98,200.<\/p>\n<p>Major Resistance Levels \u2013 $102,000, and $104,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price remained supported above the $95,500 zone. BTC is up over 5% and is now trading above the $100,00 resistance zone. Bitcoin started a fresh increase above the $97,500 zone. The price is trading above $98,800 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $97,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could correct some gains before it attempts to surpass the $102,000 resistance zone. Bitcoin Price Regains Strength Bitcoin price formed a base and started a fresh increase above the $98,000 zone. There was a move above the $98,800 and $99,200 levels. During the increase, there was a break above a key bearish trend line with resistance at $97,500 on the hourly chart of the BTC\/USD pair. The pair even cleared the $100,000 level. A high was formed at $101,900 and the price is now consolidating gains. It is slowly moving lower toward the 23.6% Fib retracement level of the recent wave from the $94,314 swing low to the $101,900 high. Bitcoin price is now trading above $100,000 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $101,400 level. The first key resistance is near the $102,000 level. A clear move above the $102,000 resistance might send the price higher. The next key resistance could be $104,000. A close above the $104,000 resistance might send the price further higher. In the stated case, the price could rise and test the $105,000 resistance level. Any more gains might send the price toward the $108,000 level. Another Decline In BTC? If Bitcoin fails to rise above the $102,000 resistance zone, it could start another downside correction. Immediate support on the downside is near the $100,000 level. The first major support is near the $98,200 level or the 50% Fib retracement level of the recent wave from the $94,314 swing low to the $101,900 high. The next support is now near the $97,250 zone. Any more losses might send the price toward the $95,000 support in the near term. Technical indicators: Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level. Major Support Levels \u2013 $100,200, followed by $98,200. Major Resistance Levels \u2013 $102,000, and $104,000.<\/p>\n","protected":false},"author":67,"featured_media":651963,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83361],"tags":[428,679,1144,78790,76835],"class_list":["post-661169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-btc","tag-bitcoin","tag-bitcoin-price","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\n<title>Bitcoin Price Reclaims $100K: Is the Bull Run Back On?<\/title>\n<meta name=\"description\" content=\"Bitcoin price remained supported above the $95,500 zone. 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