{"id":4240,"date":"2025-04-24T04:11:08","date_gmt":"2025-04-24T04:11:08","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-stabilizes-after-surge-is-it-gearing-up-for-another-leg-up\/"},"modified":"2025-04-24T04:11:08","modified_gmt":"2025-04-24T04:11:08","slug":"bitcoin-price-stabilizes-after-surge-is-it-gearing-up-for-another-leg-up","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-stabilizes-after-surge-is-it-gearing-up-for-another-leg-up\/","title":{"rendered":"Bitcoin Price Stabilizes After Surge \u2014 Is It Gearing Up for Another Leg Up?"},"content":{"rendered":"<p><em>Bitcoin price is moving higher above the $93,200 zone. BTC is consolidating gains and might continue higher above the $94,000 zone in the near term.<\/em><\/p>\n<ul>\n<li>Bitcoin started a decent upward move above the $91,500 and $92,500 levels.<\/li>\n<li>The price is trading above $91,500 and the 100 hourly Simple moving average.<\/li>\n<li>There is a connecting bullish trend line forming with support at $92,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could start another increase if it clears the $94,650 zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Consolidates Gains<\/h2>\n<p>Bitcoin price remained stable above the $88,000 level and started a fresh increase. BTC was able to climb above the $90,000 and $91,500 resistance levels.<\/p>\n<p>The bulls were able to pump the price above the $92,500 resistance. It even spiked and tested the $94,650 resistance zone. A high was formed near $94,635 and the price recently consolidated gains. There was a minor decline below the 23.6% Fib retracement level of the upward move from the $86,400 swing low to the $94,635 high.<\/p>\n<p>Bitcoin price is now trading above $92,500 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $92,000 on the hourly chart of the BTC\/USD pair.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-737527\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/04\/Bitcoin_73718c.png?resize=1024%2C478\" alt=\"Bitcoin Price\" width=\"1024\" height=\"478\" \/><\/p>\n<p>On the upside, immediate resistance is near the $94,000 level. The first key resistance is near the $94,200 level. The next key resistance could be $94,650. A close above the $94,650 resistance might send the price further higher. In the stated case, the price could rise and test the $95,500 resistance level. Any more gains might send the price toward the $96,200 level.<\/p>\n<h2>Downside Correction In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $94,000 resistance zone, it could start a downside correction. Immediate support on the downside is near the $93,000 level. The first major support is near the $92,000 level and the trend line.<\/p>\n<p>The next support is now near the $90,500 zone, the trend line, and the 50% Fib retracement level of the upward move from the $86,400 swing low to the $94,635 high. Any more losses might send the price toward the $90,000 support in the near term. The main support sits at $88,800.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now losing 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 $93,000, followed by $92,000.<\/p>\n<p>Major Resistance Levels \u2013 $94,000 and $94,650.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is moving higher above the $93,200 zone. BTC is consolidating gains and might continue higher above the $94,000 zone in the near term. Bitcoin started a decent upward move above the $91,500 and $92,500 levels. The price is trading above $91,500 and the 100 hourly Simple moving average. There is a connecting bullish&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4241,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[145],"tags":[65,108,73,70,71,146],"class_list":["post-4240","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\/4240","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=4240"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/4240\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/4241"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=4240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=4240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=4240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}