{
    "id": 56573,
    "date": "2025-12-03T11:26:07",
    "date_gmt": "2025-12-03T04:26:07",
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        "rendered": "Bitcoin Rallies Into Resistance With Traders Watching for Breakout Confirmation"
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        "rendered": "<div id=\"ftwp-postcontent\">\n<p><em>Bitcoin price started a fresh increase above $90,000. BTC is now testing the key barrier at $93,000 and might attempt an upside break.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh increase above the $90,000 zone.<\/li>\n<li>The price is trading above $90,500 and the 100 hourly Simple moving average.<\/li>\n<li>There is a bullish trend line forming with support at $90,800 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 settles above the $93,000 zone.<\/li>\n<\/ul>\n<h2 id=\"ftoc-heading-1\">Bitcoin Price Surges Over 5%<\/h2>\n<p>Bitcoin price managed to stay above the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-holds-key-support-83500\/\" target=\"_blank\">$84,000 zone<\/a> and started a fresh increase. BTC gained strength for a move above the $88,000 and $90,000 levels.<\/p>\n<p>There was a clear move above the $90,500 resistance. A high was formed at $92,912 and the price is now testing an important barrier. It is still above the 23.6% Fib retracement level of the upward move from the $83,870 swing low to the $92,912 high.<\/p>\n<p>Bitcoin is now trading above $92,000 and the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-collapse-accelerates-88k\/\" target=\"_blank\">100 hourly Simple moving average<\/a>. Besides, there is a bullish trend line forming with support at $90,800 on the hourly chart of the BTC\/USD pair.<\/p>\n<figure id=\"attachment_861669\" aria-describedby=\"caption-attachment-861669\"><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/12\/Bitcoin_017d14.png\"><img loading=\"lazy\" data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/12\/Bitcoin_017d14.png?resize=1024%2C493\" alt=\"Bitcoin Price\" width=\"1024\" height=\"493\"><\/a><figcaption id=\"caption-attachment-861669\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\">BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>If the bulls remain in action, the price could attempt another increase. Immediate resistance is near the $92,900 level. The first key resistance is near the $93,000 level. The next resistance could be $93,500. A close above the $93,500 resistance might send the price further higher. In the stated case, the price could rise and test the $95,000 resistance. Any more gains might send the price toward the $96,500 level. The next barrier for the bulls could be $97,200 and $98,000.<\/p>\n<h2 id=\"ftoc-heading-2\">Another Drop In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $93,000 resistance zone, it could start another decline. Immediate support is near the $90,800 level and the trend line. The first major support is near the $88,400 level and the 50% Fib retracement level of the upward move from the $83,870 swing low to the $92,912 high.<\/p>\n<p>The next support is now near the $87,350 zone. Any more losses might send the price toward the $86,000 support in the near term. The main support sits at $84,000, 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 $90,800, followed by $88,400.<\/p>\n<p>Major Resistance Levels \u2013 $93,000 and $93,500.<\/p>\n<\/p><\/div>",
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