{
    "id": 56833,
    "date": "2025-12-09T09:39:58",
    "date_gmt": "2025-12-09T02:39:58",
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        "rendered": "Bitcoin Price Stumbles at $92K: Are Bears Gaining the Upper Hand?"
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        "rendered": "<div id=\"ftwp-postcontent\">\n<p><em>Bitcoin price struggled to stay above $92,000. BTC is now consolidating gains and might dip again if there is a clear move below $89,500.<\/em><\/p>\n<ul>\n<li>Bitcoin started a downside correction from the $92,500 zone.<\/li>\n<li>The price is trading below $91,000 and the 100 hourly Simple moving average.<\/li>\n<li>There is a contracting triangle forming with support at $90,000 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 $92,500 zone.<\/li>\n<\/ul>\n<h2 id=\"ftoc-heading-1\">Bitcoin Price Dips Again<\/h2>\n<p>Bitcoin price managed to stay above the $90,000 zone and started a <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-aims-higher-92k\/\" target=\"_blank\">fresh increase<\/a>. BTC gained strength for a move above the $91,500 and $92,000 levels.<\/p>\n<p>However, the bears were active near $92,500. A high was formed at $92,269 and the price recently corrected some <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-coils-near-highs-94k\/\" target=\"_blank\">gains<\/a>. There was a drop below the 50% Fib retracement level of the upward move from the $87,777 swing low to the $92,269 high.<\/p>\n<p>However, the bulls were active near the $90,000 support. Bitcoin is now trading below $90,000 and the 100 hourly Simple moving average. Besides, there is a contracting triangle forming with support at $90,000 on the hourly chart of the BTC\/USD pair.<\/p>\n<figure id=\"attachment_864509\" aria-describedby=\"caption-attachment-864509\"><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/12\/Bitcoin_86eb15.png\"><img loading=\"lazy\" data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/12\/Bitcoin_86eb15.png?resize=1024%2C488\" alt=\"Bitcoin Price \" width=\"1024\" height=\"488\"><\/a><figcaption id=\"caption-attachment-864509\">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 $90,800 level. The first key resistance is near the $91,200 level. The next resistance could be $92,000. A close above the $92,000 resistance might send the price further higher. In the stated case, the price could rise and test the $92,500 resistance. Any more gains might send the price toward the $93,500 level. The next barrier for the bulls could be $94,200 and $94,500.<\/p>\n<h2 id=\"ftoc-heading-2\">More Losses In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $92,000 resistance zone, it could start another decline. Immediate support is near the $90,000 level. The first major support is near the $89,500 level and the 61.8% Fib retracement level of the upward move from the $87,777 swing low to the $92,269 high.<\/p>\n<p>The next support is now near the $88,800 zone. Any more losses might send the price toward the $87,500 support in the near term. The main support sits at $86,500, 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 bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $90,000, followed by $89,500.<\/p>\n<p>Major Resistance Levels \u2013 $91,200 and $92,000.<\/p>\n<\/p><\/div>",
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