{"id":6382,"date":"2025-08-14T04:11:07","date_gmt":"2025-08-14T04:11:07","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-hits-new-milestone-ath-bulls-eye-even-higher-levels\/"},"modified":"2025-08-14T04:11:07","modified_gmt":"2025-08-14T04:11:07","slug":"bitcoin-price-hits-new-milestone-ath-bulls-eye-even-higher-levels","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-hits-new-milestone-ath-bulls-eye-even-higher-levels\/","title":{"rendered":"Bitcoin Price Hits New Milestone ATH, Bulls Eye Even Higher Levels"},"content":{"rendered":"<p><em>Bitcoin price is gaining pace above the $121,200 zone. BTC is now consolidating and might aim for a move above the $124,000 resistance zone.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh increase above the $122,000 zone.<\/li>\n<li>The price is trading above $122,000 and the 100 hourly Simple moving average.<\/li>\n<li>There is a bullish trend line forming with support at $120,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair might start another increase if it clears the $124,000 resistance zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Hits New ATH<\/h2>\n<p>Bitcoin price formed a base above the $118,500 level and started a fresh increase. BTC gained pace for a move above the $120,000 and $120,500 levels.<\/p>\n<p>The bulls even pumped the price above the $122,000 level. The price traded to a new all-time high near $123,973. It is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $118,971 swing low to the $123,973 high.<\/p>\n<p>Bitcoin is now trading above $120,000 and the 100 hourly Simple moving average. There is also a bullish trend line forming with support at $120,200 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-804494\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/08\/Bitcoin_eb2440.png?resize=1024%2C493\" alt=\"Bitcoin Price \" width=\"1024\" height=\"493\" \/><\/p>\n<p>Immediate resistance on the upside is near the $124,000 level. The first key resistance is near the $124,500 level. The next resistance could be $125,000. A close above the $125,000 resistance might send the price further higher. In the stated case, the price could rise and test the $126,250 resistance level. Any more gains might send the price toward the $127,000 level. The main target could be $128,000.<\/p>\n<h2>Are Dips Limited In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $124,000 resistance zone, it could start a correction. Immediate support is near the $122,750 level. The first major support is near the $121,500 level or the 50% Fib retracement level of the upward move from the $118,971 swing low to the $123,973 high.<\/p>\n<p>The next support is now near the $120,200 zone. Any more losses might send the price toward the $118,500 support in the near term. The main support sits at $117,500, below which BTC might continue to move down.<\/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 $122,750, followed by $120,200.<\/p>\n<p>Major Resistance Levels \u2013 $124,000 and $125,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is gaining pace above the $121,200 zone. BTC is now consolidating and might aim for a move above the $124,000 resistance zone. Bitcoin started a fresh increase above the $122,000 zone. The price is trading above $122,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support&hellip;<\/p>\n","protected":false},"author":1,"featured_media":6383,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[145],"tags":[65,108,73,70,71,146],"class_list":["post-6382","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\/6382","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=6382"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/6382\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/6383"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=6382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=6382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=6382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}