{
    "id": 58336,
    "date": "2025-12-31T10:00:19",
    "date_gmt": "2025-12-31T03:00:19",
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        "rendered": "Bitcoin Price Resists Breakdown, Support Level Holds\u2014for Now"
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        "rendered": "<div id=\"ftwp-postcontent\">\n<p><em>Bitcoin price trimmed all gains and dived below $88,000. BTC is now recovering losses from the $86,700 support but faces many hurdles.<\/em><\/p>\n<ul>\n<li>Bitcoin started a recovery wave above the $88,000 zone.<\/li>\n<li>The price is trading above $88,000 and the 100 hourly Simple moving average.<\/li>\n<li>There was a break above a declining channel with resistance at $87,300 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 stays above the $87,500 zone.<\/li>\n<\/ul>\n<h2 id=\"ftoc-heading-1\">Bitcoin Price Remains Bid Near Support<\/h2>\n<p>Bitcoin price attempted a fresh increase above $88,500 but failed. BTC trimmed all gains and dived below $88,000. However, the bulls were active near the $86,700 zone.<\/p>\n<p>A low was formed at $86,700, and the price recently started a <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-erases-gains-87k\/\" target=\"_blank\">fresh increase<\/a>. There was a clear move above the $88,000 resistance, and the 50% Fib retracement level of the downward move from the $90,298 swing high to the $86,700 low.<\/p>\n<p>Besides, there was a break above a declining channel with resistance at $87,300 on the hourly chart of the BTC\/USD pair. Bitcoin is now trading above $88,000 and the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-advances-89k\/\" target=\"_blank\">100 hourly Simple moving average<\/a>.<\/p>\n<p>If the price remains stable above $87,500, it could attempt a fresh recovery wave. Immediate resistance is near the $88,500 level. The first key resistance is near the $88,900 level or the 61.8% Fib retracement level of the downward move from the $90,298 swing high to the $86,700 low.<\/p>\n<figure id=\"attachment_871206\" aria-describedby=\"caption-attachment-871206\"><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/12\/Bitcoin_7cc185.png\"><img loading=\"lazy\" data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/12\/Bitcoin_7cc185.png?resize=1024%2C468\" alt=\"Bitcoin Price\" width=\"1024\" height=\"468\"><\/a><figcaption id=\"caption-attachment-871206\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\">BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>The next resistance could be $89,500. A close above the $89,500 resistance might send the price further higher. In the stated case, the price could rise and test the $90,200 resistance. Any more gains might send the price toward the $90,500 level. The next barrier for the bulls could be $91,200 and $91,500.<\/p>\n<h2 id=\"ftoc-heading-2\">Another Decline In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $89,000 resistance zone, it could start another decline. Immediate support is near the $87,850 level. The first major support is near the $87,500 level.<\/p>\n<p>The next support is now near the $86,700 zone. Any more losses might send the price toward the $85,500 support in the near term. The main support sits at $85,000, 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 $87,500, followed by $86,700.<\/p>\n<p>Major Resistance Levels \u2013 $88,500 and $89,000.<\/p>\n<\/p><\/div>",
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