{"id":666997,"date":"2024-12-25T03:16:10","date_gmt":"2024-12-25T03:16:10","guid":{"rendered":"https:\/\/ktsl888.com\/?p=666997"},"modified":"2024-12-25T03:16:10","modified_gmt":"2024-12-25T03:16:10","slug":"bitcoin-price-comeback-100k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-comeback-100k\/","title":{"rendered":"Bitcoin Price Comeback: Can It Regain Ground?"},"content":{"rendered":"<p><em>Bitcoin price started a recovery wave above the $95,000 level. BTC might continue to rise if it clears the $100,00 resistance zone.<\/em><\/p>\n<ul>\n<li>Bitcoin started a decent upward move above the $95,000 zone.<\/li>\n<li>The price is trading above $95,000 and the 100 hourly Simple moving average.<\/li>\n<li>There was a break above a key bearish trend line with resistance at $95,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could start another increase if it stays above the $96,000 support zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Starts Recovery<\/h2>\n<p>Bitcoin price remained supported near <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-thin-ice-92000\/\" target=\"_blank\" rel=\"noopener \">$92,500<\/a> and started a recovery wave. BTC was able to climb above the $94,500 and $95,000 resistance levels.<\/p>\n<p>There was a break above a key bearish trend line with resistance at $95,000 on the hourly chart of the BTC\/USD pair. The pair cleared the $98,000 resistance level and traded close to the $100,000 resistance level. A high was formed at $99,400 and the price is now consolidating gains.<\/p>\n<p>It declined a few points below the 23.6% Fib retracement level of the upward move from the $92,417 swing low to the $99,400 high. Bitcoin price is now trading above $95,000 and the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-under-pressure-92k\/\" target=\"_blank\" rel=\"noopener \">100 hourly Simple moving average<\/a>.<\/p>\n<p>On the upside, immediate resistance is near the $99,000 level. The first key resistance is near the $99,500 level or the recent high. A clear move above the $99,500 resistance might send the price higher. The next key resistance could be $100,000.<\/p>\n<figure id=\"attachment_666998\" aria-describedby=\"caption-attachment-666998\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_07576f.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-666998\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_07576f.png?resize=1024%2C478\" alt=\"Bitcoin Price\" width=\"1024\" height=\"478\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_07576f.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_07576f.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_07576f.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_07576f.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_07576f.png?w=104 104w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_07576f.png?w=83 83w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_07576f.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_07576f.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_07576f.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-666998\" 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>A close above the $100,000 resistance might send the price further higher. In the stated case, the price could rise and test the $102,500 resistance level. Any more gains might send the price toward the $104,000 level.<\/p>\n<h2>Another Decline In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $99,000 resistance zone, it could continue to move down. Immediate support on the downside is near the $97,000 level.<\/p>\n<p>The first major support is near the $96,000 level or the 50% Fib retracement level of the upward move from the $92,417 swing low to the $99,400 high. The next support is now near the $93,200 zone. Any more losses might send the price toward the $92,500 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 $97,000, followed by $96,000.<\/p>\n<p>Major Resistance Levels \u2013 $99,000 and $100,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a recovery wave above the $95,000 level. BTC might continue to rise if it clears the $100,00 resistance zone. Bitcoin started a decent upward move above the $95,000 zone. The price is trading above $95,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $95,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $96,000 support zone. Bitcoin Price Starts Recovery Bitcoin price remained supported near $92,500 and started a recovery wave. BTC was able to climb above the $94,500 and $95,000 resistance levels. There was a break above a key bearish trend line with resistance at $95,000 on the hourly chart of the BTC\/USD pair. The pair cleared the $98,000 resistance level and traded close to the $100,000 resistance level. A high was formed at $99,400 and the price is now consolidating gains. It declined a few points below the 23.6% Fib retracement level of the upward move from the $92,417 swing low to the $99,400 high. Bitcoin price is now trading above $95,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $99,000 level. The first key resistance is near the $99,500 level or the recent high. A clear move above the $99,500 resistance might send the price higher. The next key resistance could be $100,000. A close above the $100,000 resistance might send the price further higher. In the stated case, the price could rise and test the $102,500 resistance level. Any more gains might send the price toward the $104,000 level. Another Decline In BTC? If Bitcoin fails to rise above the $99,000 resistance zone, it could continue to move down. Immediate support on the downside is near the $97,000 level. The first major support is near the $96,000 level or the 50% Fib retracement level of the upward move from the $92,417 swing low to the $99,400 high. The next support is now near the $93,200 zone. Any more losses might send the price toward the $92,500 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 $97,000, followed by $96,000. Major Resistance Levels \u2013 $99,000 and $100,000.<\/p>\n","protected":false},"author":67,"featured_media":666999,"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-666997","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 Comeback: Can It Regain Ground?<\/title>\n<meta name=\"description\" content=\"Bitcoin price started a recovery wave above the $95,000 level. 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