{"id":6748,"date":"2025-09-02T04:11:06","date_gmt":"2025-09-02T04:11:06","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-stabilizes-is-this-the-start-of-a-comeback\/"},"modified":"2025-09-02T04:11:06","modified_gmt":"2025-09-02T04:11:06","slug":"bitcoin-price-stabilizes-is-this-the-start-of-a-comeback","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-stabilizes-is-this-the-start-of-a-comeback\/","title":{"rendered":"Bitcoin Price Stabilizes \u2013 Is This the Start of a Comeback?"},"content":{"rendered":"<p><em>Bitcoin price is still showing bearish signs below $112,000. BTC is now attempting to recover and might face hurdles near the $110,500 level.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh decline below the $112,000 zone.<\/li>\n<li>The price is trading below $110,500 and the 100 hourly Simple moving average.<\/li>\n<li>There was a break above a short-term contracting triangle with resistance at $108,800 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair might start another decline if it stays below the $110,500 zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Starts Consolidation<\/h2>\n<p>Bitcoin price attempted a fresh recovery wave from the $107,350 zone. BTC was able to climb above the $108,200 and $108,400 resistance levels.<\/p>\n<p>The price cleared the 23.6% Fib retracement level of the key drop from the $113,457 swing high to the $107,352 low. Besides, there was a break above a short-term contracting triangle with resistance at $108,800 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>However, the bears are still active near $109,500. The price is now consolidating near $109,500. Bitcoin is now trading below $110,000 and the 100 hourly Simple moving average.<\/p>\n<p>Immediate resistance on the upside is near the $109,500 level. The first key resistance is near the $110,200 level. The next resistance could be $110,500 or the 50% Fib retracement level of the key drop from the $113,457 swing high to the $107,352 low.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-814066\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/09\/Bitcoin_956cd0.png?resize=1024%2C493\" alt=\"Bitcoin Price\" width=\"1024\" height=\"493\" \/><\/p>\n<p>A close above the $110,500 resistance might send the price further higher. In the stated case, the price could rise and test the $111,650 resistance level. Any more gains might send the price toward the $112,500 level. The main target could be $113,500.<\/p>\n<h2>Another Decline In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $110,500 resistance zone, it could start a fresh decline. Immediate support is near the $108,800 level. The first major support is near the $108,200 level.<\/p>\n<p>The next support is now near the $107,350 zone. Any more losses might send the price toward the $106,500 support in the near term. The main support sits at $105,500, below which BTC might decline sharply.<\/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 above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $108,800, followed by $108,000.<\/p>\n<p>Major Resistance Levels \u2013 $109,500 and $110,500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is still showing bearish signs below $112,000. BTC is now attempting to recover and might face hurdles near the $110,500 level. Bitcoin started a fresh decline below the $112,000 zone. The price is trading below $110,500 and the 100 hourly Simple moving average. There was a break above a short-term contracting triangle with&hellip;<\/p>\n","protected":false},"author":1,"featured_media":6749,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[145],"tags":[65,108,73,70,71,146],"class_list":["post-6748","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\/6748","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=6748"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/6748\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/6749"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=6748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=6748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=6748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}