{
    "id": 49642,
    "date": "2025-09-29T12:23:09",
    "date_gmt": "2025-09-29T05:23:09",
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    "slug": "bitcoin-bounces-back-could-current-recovery-trigger-fresh-bullish-momentum",
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        "rendered": "Bitcoin Bounces Back \u2013 Could Current Recovery Trigger Fresh Bullish Momentum?"
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        "rendered": "<div id=\"ftwp-postcontent\">\n<p><em>Bitcoin price found support near $108,680 and started a recovery wave. BTC is trading above $111,000 and facing hurdles near $112,500.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh recovery wave above the $110,500 zone.<\/li>\n<li>The price is trading above $110,500 and the 100 hourly Simple moving average.<\/li>\n<li>There was a break above a connecting bearish trend line with resistance at $109,600 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 clears the $112,500 zone.<\/li>\n<\/ul>\n<h2 id=\"ftoc-heading-1\">Bitcoin Price Starts Recovery<\/h2>\n<p>Bitcoin price managed to stay above the $108,500 zone and started a <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-breaks-down-110k\/\" target=\"_blank\">recovery wave<\/a>. BTC settled above the $109,500 resistance zone to start the current move.<\/p>\n<p>There was a clear move above the 50% Fib retracement level of the downward wave from the $113,940 swing high to the $108,680 low. Besides, there was a break above a connecting bearish trend line with resistance at $109,600 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>The bulls even pushed the price above $112,000 before the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-struggles-114k\/\" target=\"_blank\">bears appeared<\/a>. Bitcoin is now trading above $111,500 and the 100 hourly Simple moving average.<\/p>\n<p>Immediate resistance on the upside is near the $112,400 level. The first key resistance is near the $112,500 level and another trend line. The next resistance could be $113,700 or the 76.4% Fib retracement level of the downward wave from the $113,940 swing high to the $108,680 low.<\/p>\n<figure id=\"attachment_828544\" aria-describedby=\"caption-attachment-828544\"><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/09\/Bitcoin_a66415.png\"><img loading=\"lazy\" data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/09\/Bitcoin_a66415.png?resize=1024%2C493\" alt=\"Bitcoin Price\" width=\"1024\" height=\"493\"><\/a><figcaption id=\"caption-attachment-828544\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\">BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>A close above the $112,700 resistance might send the price further higher. In the stated case, the price could rise and test the $113,500 resistance. Any more gains might send the price toward the $114,500 level. The next barrier for the bulls could be $115,00.<\/p>\n<h2 id=\"ftoc-heading-2\">Another Drop In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $112,500 resistance zone, it could start a fresh decline. Immediate support is near the $111,300 level. The first major support is near the $110,500 level.<\/p>\n<p>The next support is now near the $109,500 zone. Any more losses might send the price toward the $108,800 support in the near term. The main support sits at $107,500, 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 $111,300, followed by $110,500.<\/p>\n<p>Major Resistance Levels \u2013 $112,500 and $112,700.<\/p>\n<\/p><\/div>",
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