{"id":5313,"date":"2025-06-18T04:11:10","date_gmt":"2025-06-18T04:11:10","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-stumbles-at-resistance-will-the-dip-deepen\/"},"modified":"2025-06-18T04:11:10","modified_gmt":"2025-06-18T04:11:10","slug":"bitcoin-price-stumbles-at-resistance-will-the-dip-deepen","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-stumbles-at-resistance-will-the-dip-deepen\/","title":{"rendered":"Bitcoin Price Stumbles at Resistance \u2014 Will the Dip Deepen?"},"content":{"rendered":"<p><em>Bitcoin price started a fresh decline below the $106,800 zone. BTC is now consolidating and facing resistance near the $106,200 zone.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh decline below the $106,200 zone.<\/li>\n<li>The price is trading below $106,800 and the 100 hourly Simple moving average.<\/li>\n<li>There is a short-term triangle forming with support at $104,200 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 $103,500 zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Dips Again<\/h2>\n<p>Bitcoin price started a fresh decline after it failed to clear the $108,800 resistance zone. BTC dipped below the $108,000 and $107,000 levels.<\/p>\n<p>There was a clear move below the $106,200 support level. Finally, the price tested the $103,500 zone. A low was formed at $103,400 and the price is now consolidating losses. There was a minor increase above the 23.6% Fib retracement level of the downward move from the $108,924 swing high to the $103,400 low.<\/p>\n<p>Bitcoin is now trading below $106,800 and the 100 hourly Simple moving average. Besides, there is a short-term triangle forming with support at $104,200 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>On the upside, immediate resistance is near the $105,200 level. The first key resistance is near the $105,500 level. The next key resistance could be $106,200. It is near the 50% Fib retracement level of the downward move from the $108,924 swing high to the $103,400 low.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-773283\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/06\/Bitcoin_cbe746.png?resize=1024%2C479\" alt=\"Bitcoin Price\" width=\"1024\" height=\"479\" \/><\/p>\n<p>A close above the $106,200 resistance might send the price further higher. In the stated case, the price could rise and test the $108,000 resistance level. Any more gains might send the price toward the $110,000 level.<\/p>\n<h2>More Losses In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $106,200 resistance zone, it could start another decline. Immediate support is near the $104,200 level. The first major support is near the $103,500 level.<\/p>\n<p>The next support is now near the $102,500 zone. Any more losses might send the price toward the $101,200 support in the near term. The main support sits at $100,000, below which BTC might gain bearish momentum.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now losing pace in the bearish 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 $104,200, followed by $103,500.<\/p>\n<p>Major Resistance Levels \u2013 $105,500 and $106,200.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a fresh decline below the $106,800 zone. BTC is now consolidating and facing resistance near the $106,200 zone. Bitcoin started a fresh decline below the $106,200 zone. The price is trading below $106,800 and the 100 hourly Simple moving average. There is a short-term triangle forming with support at $104,200 on the&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5314,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[145],"tags":[65,108,73,70,71,146],"class_list":["post-5313","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\/5313","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=5313"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/5313\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/5314"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=5313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=5313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=5313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}