{"id":6672,"date":"2025-08-29T04:11:08","date_gmt":"2025-08-29T04:11:08","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-faces-pressure-technicals-signal-another-decline-ahead\/"},"modified":"2025-08-29T04:11:08","modified_gmt":"2025-08-29T04:11:08","slug":"bitcoin-price-faces-pressure-technicals-signal-another-decline-ahead","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-faces-pressure-technicals-signal-another-decline-ahead\/","title":{"rendered":"Bitcoin Price Faces Pressure: Technicals Signal Another Decline Ahead"},"content":{"rendered":"<p><em>Bitcoin price is showing bearish signs below $113,000. BTC is struggling to recover and might start another decline below the $111,000 zone.<\/em><\/p>\n<ul>\n<li>Bitcoin started a recovery wave above the $109,550 zone.<\/li>\n<li>The price is trading below $112,000 and the 100 hourly Simple moving average.<\/li>\n<li>There was a break below a key bullish trend line with support at $112,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair might start another decline if it breaks the $110,750 support zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Dips Again<\/h2>\n<p>Bitcoin price attempted a fresh recovery wave from the $108,734 low. BTC was able to climb above the $109,500 and $110,000 resistance levels.<\/p>\n<p>The price surpassed the 23.6% Fib retracement level of the key drop from the $117,355 swing high to the $110,734 low. The bulls even pushed the price above the $112,500 resistance zone. However, the price struggled to stay above the $113,000 resistance.<\/p>\n<p>It retreated from the 50% Fib level of the key drop from the $117,355 swing high to the $110,734 low. Besides, there was a break below a key bullish trend line with support at $112,000 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>Bitcoin is now trading below $112,000 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $112,400 level. The first key resistance is near the $113,000 level. The next resistance could be $113,500.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-811975\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/08\/Bitcoin_6b4428.png?resize=1024%2C493\" alt=\"Bitcoin Price \" width=\"1024\" height=\"493\" \/><\/p>\n<p>A close above the $113,500 resistance might send the price further higher. In the stated case, the price could rise and test the $114,000 resistance level. Any more gains might send the price toward the $115,500 level. The main target could be $116,500.<\/p>\n<h2>More Losses In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $113,000 resistance zone, it could start a fresh decline. Immediate support is near the $110,750 level. The first major support is near the $110,000 level.<\/p>\n<p>The next support is now near the $109,500 zone. Any more losses might send the price toward the $108,500 support in the near term. The main support sits at $106,500, below which BTC might decline sharply.<\/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 below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $110,750, followed by $109,500.<\/p>\n<p>Major Resistance Levels \u2013 $112,500 and $113,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is showing bearish signs below $113,000. BTC is struggling to recover and might start another decline below the $111,000 zone. Bitcoin started a recovery wave above the $109,550 zone. The price is trading below $112,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with&hellip;<\/p>\n","protected":false},"author":1,"featured_media":6673,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[145],"tags":[65,108,73,70,71,146],"class_list":["post-6672","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\/6672","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=6672"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/6672\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/6673"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=6672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=6672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=6672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}