{"id":5293,"date":"2025-06-17T04:11:11","date_gmt":"2025-06-17T04:11:11","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-struggles-for-momentum-amid-rising-global-conflict-fears\/"},"modified":"2025-06-17T04:11:11","modified_gmt":"2025-06-17T04:11:11","slug":"bitcoin-price-struggles-for-momentum-amid-rising-global-conflict-fears","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-struggles-for-momentum-amid-rising-global-conflict-fears\/","title":{"rendered":"Bitcoin Price Struggles for Momentum Amid Rising Global Conflict Fears"},"content":{"rendered":"<p><em>Bitcoin price started a fresh increase and tested the $108,800 zone. BTC is struggling to rise further and is correcting gains below $108,000.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh increase above the $107,000 zone.<\/li>\n<li>The price is trading above $106,800 and the 100 hourly Simple moving average.<\/li>\n<li>There was a break below a bullish trend line with support at $107,800 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could start a fresh increase if it stays above the $105,500 zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Starts Fresh Increase<\/h2>\n<p>Bitcoin price started a fresh increase from the $104,500 support zone. BTC climbed above the $105,500 and $106,200 levels to enter a positive zone.<\/p>\n<p>The price even jumped above the $108,000 resistance. However, the bears remained active amid rising global conflict fears. A high was formed at $108,898 and the price is now correcting gains. There was a move below the $108,000 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $104,529 swing low to the $108,898 high.<\/p>\n<p>Besides, there was a break below a bullish trend line with support at $107,800 on the hourly chart of the BTC\/USD pair. Bitcoin is now trading above $106,800 and the 100 hourly Simple moving average.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-772634\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/06\/Bitcoin_6b68aa.png?resize=1024%2C479\" alt=\"Bitcoin Price\" width=\"1024\" height=\"479\" \/><\/p>\n<p>On the upside, immediate resistance is near the $107,600 level. The first key resistance is near the $108,000 level. The next key resistance could be $108,800. A close above the $108,800 resistance might send the price further higher. In the stated case, the price could rise and test the $110,000 resistance level. Any more gains might send the price toward the $112,000 level.<\/p>\n<h2>More Losses In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $108,000 resistance zone, it could start another decline. Immediate support is near the $106,700 level and the 50% Fib retracement level of the upward move from the $104,529 swing low to the $108,898 high. The first major support is near the $106,200 level.<\/p>\n<p>The next support is now near the $105,500 zone. Any more losses might send the price toward the $103,500 support in the near term. The main support sits at $102,000, 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 bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now near the 50 level.<\/p>\n<p>Major Support Levels \u2013 $106,700, followed by $105,500.<\/p>\n<p>Major Resistance Levels \u2013 $107,600 and $108,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a fresh increase and tested the $108,800 zone. BTC is struggling to rise further and is correcting gains below $108,000. Bitcoin started a fresh increase above the $107,000 zone. The price is trading above $106,800 and the 100 hourly Simple moving average. There was a break below a bullish trend line with&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5294,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[145],"tags":[65,108,73,70,71,146],"class_list":["post-5293","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\/5293","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=5293"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/5293\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/5294"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=5293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=5293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=5293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}