{"id":4394,"date":"2025-05-02T04:11:07","date_gmt":"2025-05-02T04:11:07","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-breakout-confirmed-eyes-on-next-key-level\/"},"modified":"2025-05-02T04:11:07","modified_gmt":"2025-05-02T04:11:07","slug":"bitcoin-price-breakout-confirmed-eyes-on-next-key-level","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-breakout-confirmed-eyes-on-next-key-level\/","title":{"rendered":"Bitcoin Price Breakout Confirmed \u2014 Eyes on Next Key Level"},"content":{"rendered":"<p><em>Bitcoin price is rising again above the $95,000 zone. BTC is gaining pace and might aim for a move above the $97,500 resistance zone.<\/em><\/p>\n<ul>\n<li>Bitcoin remained supported above the $94,500 zone.<\/li>\n<li>The price is trading above $95,000 and the 100 hourly Simple moving average.<\/li>\n<li>There is a connecting bullish trend line forming with support at $96,350 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 $97,500 zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Regains Momentum<\/h2>\n<p>Bitcoin price formed a base above the $93,500 level. BTC started a fresh increase and was able to clear the $95,500 resistance zone to set the pace for a larger increase.<\/p>\n<p>The bulls even pushed the price above the $96,500 resistance. A high was formed at $97,405 and the price is now consolidating gains. There was a minor decline below the $97,000 level and the price tested the 23.6% Fib retracement level of the upward move from the $92,970 swing low to the $97,405 high.<\/p>\n<p>Bitcoin price is now trading above $95,000 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $96,350 on the hourly chart of the BTC\/USD pair.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-742541\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/05\/Bitcoin_de9f3d.png?resize=1024%2C449\" alt=\"Bitcoin Price\" width=\"1024\" height=\"449\" loading=\"lazy\" \/><\/p>\n<p>On the upside, immediate resistance is near the $97,200 level. The first key resistance is near the $97,400 level. The next key resistance could be $97,500. A close above the $97,500 resistance might send the price further higher. In the stated case, the price could rise and test the $98,800 resistance level. Any more gains might send the price toward the $100,000 level.<\/p>\n<h2>Another Decline In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $97,500 resistance zone, it could start another downside correction. Immediate support on the downside is near the $96,500 level and the trend line. The first major support is near the $96,000 level.<\/p>\n<p>The next support is now near the $95,200 zone and the 50% Fib retracement level of the upward move from the $92,970 swing low to the $97,405 high. Any more losses might send the price toward the $94,500 support in the near term. The main support sits at $94,200.<\/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 $96,500, followed by $95,500.<\/p>\n<p>Major Resistance Levels \u2013 $97,500 and $98,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is rising again above the $95,000 zone. BTC is gaining pace and might aim for a move above the $97,500 resistance zone. Bitcoin remained supported above the $94,500 zone. The price is trading above $95,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4395,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[145],"tags":[65,108,73,70,71,146],"class_list":["post-4394","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\/4394","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=4394"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/4394\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/4395"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=4394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=4394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=4394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}