{"id":5489,"date":"2025-06-27T04:11:14","date_gmt":"2025-06-27T04:11:14","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-sideways-action-builds-will-bulls-step-in-after-a-minor-dip\/"},"modified":"2025-06-27T04:11:14","modified_gmt":"2025-06-27T04:11:14","slug":"bitcoin-price-sideways-action-builds-will-bulls-step-in-after-a-minor-dip","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-sideways-action-builds-will-bulls-step-in-after-a-minor-dip\/","title":{"rendered":"Bitcoin Price Sideways Action Builds \u2014 Will Bulls Step In After a Minor Dip?"},"content":{"rendered":"<p><em>Bitcoin price started a fresh increase above the $106,500 zone. BTC is now consolidating and might aim for a move above the $108,000 resistance.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh increase above the $106,500 zone.<\/li>\n<li>The price is trading above $106,500 and the 100 hourly Simple moving average.<\/li>\n<li>There was a break below a bullish trend line with support at $107,300 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 Faces Resistance<\/h2>\n<p>Bitcoin price started a fresh increase above the $104,200 zone. BTC gained pace and was able to climb above the $105,000 and $105,500 levels to enter a positive zone.<\/p>\n<p>The bulls pushed the price above the $106,500 resistance and the price tested the $108,150 zone. A high was formed at $108,165 and the price is now consolidating gains. There was a break below a bullish trend line with support at $107,300 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>However, the price stayed above the 23.6% Fib retracement level of the upward move from the $98,272 swing low to the $108,165 high. Bitcoin is now trading above $106,000 and the 100 hourly Simple moving average.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-778840\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/06\/Bitcoin_3cc4cd.png?resize=1024%2C479\" alt=\"Bitcoin Price \" width=\"1024\" height=\"479\" \/><\/p>\n<p>On the upside, immediate resistance is near the $107,800 level. The first key resistance is near the $108,150 level or the 1.236 Fib extension level of the downward move from the $106,470 swing high to the $98,276 low. A close above the $108,150 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>Bearish Reaction In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $108,150 resistance zone, it could start another decline. Immediate support 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 $103,200 zone and the 50% Fib retracement level of the upward move from the $98,272 swing low to the $108,165 high. Any more losses might send the price toward the $102,500 support in the near term. The main support sits at $101,200, 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 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 $105,800, followed by $105,500.<\/p>\n<p>Major Resistance Levels \u2013 $107,800 and $108,150.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a fresh increase above the $106,500 zone. BTC is now consolidating and might aim for a move above the $108,000 resistance. Bitcoin started a fresh increase above the $106,500 zone. The price is trading above $106,500 and the 100 hourly Simple moving average. There was a break below a bullish trend line&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5490,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[145],"tags":[65,108,73,70,71,146],"class_list":["post-5489","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\/5489","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=5489"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/5489\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/5490"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=5489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=5489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=5489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}