{"id":4750,"date":"2025-05-20T04:11:09","date_gmt":"2025-05-20T04:11:09","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-breakout-looms-charts-signal-run-toward-new-ath\/"},"modified":"2025-05-20T04:11:09","modified_gmt":"2025-05-20T04:11:09","slug":"bitcoin-price-breakout-looms-charts-signal-run-toward-new-ath","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-breakout-looms-charts-signal-run-toward-new-ath\/","title":{"rendered":"Bitcoin Price Breakout Looms: Charts Signal Run Toward New ATH"},"content":{"rendered":"<p><em>Bitcoin price started a fresh increase and cleared the $106,000 zone. BTC is now rising and might aim for another increase toward $110,000<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh upward move from the $102,000 zone.<\/li>\n<li>The price is trading above $105,500 and the 100 hourly Simple moving average.<\/li>\n<li>There is a short-term bullish trend line forming with support at $105,800 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could gain bullish momentum if it clears the $107,000 resistance.<\/li>\n<\/ul>\n<h2>Bitcoin Price Starts Fresh Surge<\/h2>\n<p>Bitcoin price started a fresh increase from the $102,000 support zone. BTC formed a base and was able to clear the $104,200 resistance zone. The bulls pushed the price above $105,000.<\/p>\n<p>There was a clear move above the 50% Fib retracement level of the downward move from the $107,042 swing high to the $102,100 low. It opened the doors for a move above the $106,000 resistance zone.<\/p>\n<p>The current price action is positive since the price settled above the 76.4% Fib retracement level of the downward move from the $107,042 swing high to the $102,100 low. There is also a short-term bullish trend line forming with support at $105,800 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-754675\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/05\/Bitcoin_d28727.png?resize=1024%2C479\" alt=\"Bitcoin Price\" width=\"1024\" height=\"479\" \/><\/p>\n<p>Bitcoin is now trading above $105,500 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $107,000 level. The first key resistance is near the $107,200 level. The next key resistance could be $107,500. A close above the $107,500 resistance might send the price further higher. In the stated case, the price could rise and test the $108,800 resistance level. Any more gains might send the price toward the $110,000 level and a new all-time high.<\/p>\n<h2>Another Drop In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $107,000 resistance zone, it could start another correction. Immediate support on the downside is near the $105,800 level. The first major support is near the $105,000 level.<\/p>\n<p>The next support is now near the $104,200 zone. Any more losses might send the price toward the $103,500 support in the near term. The main support sits at $102,500, below which BTC might gain bearish momentum.<\/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 $104,200, followed by $103,500.<\/p>\n<p>Major Resistance Levels \u2013 $107,000 and $107,500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a fresh increase and cleared the $106,000 zone. BTC is now rising and might aim for another increase toward $110,000 Bitcoin started a fresh upward move from the $102,000 zone. The price is trading above $105,500 and the 100 hourly Simple moving average. There is a short-term bullish trend line forming with&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4751,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[145],"tags":[65,108,73,70,71,146],"class_list":["post-4750","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\/4750","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=4750"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/4750\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/4751"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=4750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=4750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=4750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}