{"id":2213,"date":"2025-01-07T05:11:07","date_gmt":"2025-01-07T05:11:07","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-breaks-100k-bulls-set-their-sights-higher\/"},"modified":"2025-01-07T05:11:07","modified_gmt":"2025-01-07T05:11:07","slug":"bitcoin-price-breaks-100k-bulls-set-their-sights-higher","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-breaks-100k-bulls-set-their-sights-higher\/","title":{"rendered":"Bitcoin Price Breaks $100K: Bulls Set Their Sights Higher"},"content":{"rendered":"<p><em>Bitcoin price is recovering losses above the $100,000 zone. BTC is showing positive signs and might continue higher if it clears the $102,500 resistance zone.<\/em><\/p>\n<ul>\n<li>Bitcoin started a decent increase above the $98,800 zone.<\/li>\n<li>The price is trading above $100,000 and the 100 hourly Simple moving average.<\/li>\n<li>There is a short-term bullish trend line forming with support at $99,800 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could start another increase if it stays above the $98,500 support zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Reclaims $100K<\/h2>\n<p>Bitcoin price started a decent upward move above the $96,500 resistance zone. BTC was able to climb above the $97,200 and $98,800 resistance levels.<\/p>\n<p>The price was able to clear many hurdles near the $100,000 level. It even spiked above $102,000. A high was formed at $102,479 and the price is now consolidating gains above the 23.6% Fib retracement level of the recent upward move from the $97,251 swing low to the $102,479 high.<\/p>\n<p>There is also a short-term bullish trend line forming with support at $99,800 on the hourly chart of the BTC\/USD pair. The trend line is close to the 50% Fib retracement level of the recent upward move from the $97,251 swing low to the $102,479 high.<\/p>\n<p>Bitcoin price is now trading above $100,500 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $102,500 level. The first key resistance is near the $103,200 level. A clear move above the $103,200 resistance might send the price higher.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-671747\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/01\/Bitcoin_b008d5.png?resize=1024%2C478\" alt=\"Bitcoin Price\" width=\"1024\" height=\"478\" \/><\/p>\n<p>The next key resistance could be $104,500. A close above the $105,000 resistance might send the price further higher. In the stated case, the price could rise and test the $106,500 resistance level. Any more gains might send the price toward the $108,000 level.<\/p>\n<h2>Another Drop In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $102,500 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $101,250 level.<\/p>\n<p>The first major support is near the $100,000 level. The next support is now near the $98,550 zone. Any more losses might send the price toward the $96,500 support 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 $101,250, followed by $100,000.<\/p>\n<p>Major Resistance Levels \u2013 $102,500 and $103,200.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is recovering losses above the $100,000 zone. BTC is showing positive signs and might continue higher if it clears the $102,500 resistance zone. Bitcoin started a decent increase above the $98,800 zone. The price is trading above $100,000 and the 100 hourly Simple moving average. There is a short-term bullish trend line forming&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2214,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[145],"tags":[65,108,73,70,71,146],"class_list":["post-2213","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-btc","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btcusd","tag-btcusdt","tag-xbtusd"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/2213","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=2213"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/2213\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/2214"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=2213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=2213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=2213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}