BTC Holding Strong 💪 — Sideways Move Could Set Stage for th
koinmilyoner
Updated at: 3 hours ago
{"content":"BTC Holding Strong 💪 — Sideways Move Could Set Stage for the Next Rally
Bitcoin price is stabilizing at $113,500. BTC may gain if it breaks $115,750 barrier.
Bitcoin broke $114,000 barrier and rose again.
The price is above $114,200 and the 100-hour SMA.
The hourly BTC/USD chart shows a bullish trend line with support around $113,900.
The pair may rise if it trades over $115,750.
Bitcoin Price Consolidates
Bitcoin price established a foundation and rose over $112,500. BTC accelerated past $113,500.
It allowed a move over $115,000 and the 100-hour SMA. Finally, the price soared over $116,000 and is consolidating gains above the 23.6% Fib retracement line of the latest wave from $106,718 swing low to $116,309 high.
The hourly BTC/USD chart shows a bullish trend line with support around $113,900. Bitcoin is over $114,000 and the 100-hour SMA.
There's immediate upward resistance above $115,000. First major resistance is at $115,500. The next hurdle may be $115,750. A closing above $115,750 resistance might boost prices. Price might surge above $116,300 resistance. More increases might push the price toward $117,500. Bulls may face $118,000 next.
BTC Pullback Again?
Bitcoin may fall again if it fails to break $115,500. Immediate support is at $114,000. Near $113,500 or the trend line is the first important support.
The next support is at $111,000. More losses might push the price beyond $110,500. BTC may struggle to rebound below $108,500, the primary support.
Major Support Levels: $114,000, $113,500.
Major Resistance: $115,500, $116,500.
#WriteToEarnUpgrade #MarketRebound #CPIWatch #BTC $BTC ","images":["https://d35imkjvkj28kt.cloudfront.net/uploadfile/article/blog/2025102025/10/28/7964f9973164b7d84de55a5b0277b77a.png"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}