{"id":4612,"date":"2025-05-13T04:11:07","date_gmt":"2025-05-13T04:11:07","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-pulls-back-to-support-opportunity-or-warning-sign\/"},"modified":"2025-05-13T04:11:07","modified_gmt":"2025-05-13T04:11:07","slug":"bitcoin-price-pulls-back-to-support-opportunity-or-warning-sign","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-pulls-back-to-support-opportunity-or-warning-sign\/","title":{"rendered":"Bitcoin Price Pulls Back to Support: Opportunity or Warning Sign?"},"content":{"rendered":"<p><em>Bitcoin price started a fresh surge above the $102,500 zone. BTC is now correcting gains and trading below the $103,500 resistance zone.<\/em><\/p>\n<ul>\n<li>Bitcoin started a strong increase above the $102,500 resistance zone.<\/li>\n<li>The price is trading below $104,000 and the 100 hourly Simple moving average.<\/li>\n<li>There was a break below a new connecting bullish trend line with support at $103,900 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 $103,500 zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Corrects Some Gains<\/h2>\n<p>Bitcoin price started a fresh increase from the $98,500 support zone. BTC formed a base and was able to clear the $100,000 resistance zone. The bulls even pushed the price above $103,000.<\/p>\n<p>The pair spiked above $105,500 and tested $105,800. A high is formed at $105,728 and the price is now correcting gains. There was a move below the 23.6% Fib retracement level of the upward move from the $95,825 swing low to the $105,728 high.<\/p>\n<p>There was break below a new connecting bullish trend line with support at $103,900 on the hourly chart of the BTC\/USD pair. Bitcoin is now trading below $104,500 and the 100 hourly Simple moving average.<\/p>\n<p>However, the bulls are now active near the $100,800 support and protecting the 50% Fib retracement level of the upward move from the $95,825 swing low to the $105,728 high. On the upside, immediate resistance is near the $103,500 level. The first key resistance is near the $104,000 level.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-749937\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/05\/Bitcoin_953493.png?resize=1024%2C479\" alt=\"Bitcoin Price\" width=\"1024\" height=\"479\" \/><\/p>\n<p>The next key resistance could be $105,000. A close above the $105,000 resistance might send the price further higher. In the stated case, the price could rise and test the $106,000 resistance level. Any more gains might send the price toward the $108,000 level.<\/p>\n<h2>More Losses In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $103,500 resistance zone, it could start another downside correction. Immediate support on the downside is near the $101,500 level. The first major support is near the $100,800 level.<\/p>\n<p>The next support is now near the $100,000 zone. Any more losses might send the price toward the $98,800 support in the near term. The main support sits at $97,500.<\/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 below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $101,500, followed by $100,800.<\/p>\n<p>Major Resistance Levels \u2013 $103,500 and $105,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a fresh surge above the $102,500 zone. BTC is now correcting gains and trading below the $103,500 resistance zone. Bitcoin started a strong increase above the $102,500 resistance zone. The price is trading below $104,000 and the 100 hourly Simple moving average. There was a break below a new connecting bullish trend&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4613,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[145],"tags":[65,108,73,70,71,146],"class_list":["post-4612","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\/4612","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=4612"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/4612\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/4613"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=4612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=4612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=4612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}