{"id":7004,"date":"2025-09-15T04:11:04","date_gmt":"2025-09-15T04:11:04","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/bitcoin-consolidates-gains-is-a-bigger-move-coming-next\/"},"modified":"2025-09-15T04:11:04","modified_gmt":"2025-09-15T04:11:04","slug":"bitcoin-consolidates-gains-is-a-bigger-move-coming-next","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/bitcoin-consolidates-gains-is-a-bigger-move-coming-next\/","title":{"rendered":"Bitcoin Consolidates Gains \u2013 Is a Bigger Move Coming Next?"},"content":{"rendered":"<p><em>Bitcoin price is showing positive signs above $115,000. BTC is now consolidating and might rise further if it clears the $116,500 resistance zone.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh increase above the $115,000 zone.<\/li>\n<li>The price is trading near $115,000 and the 100 hourly Simple moving average.<\/li>\n<li>There is a bearish trend line forming with resistance at $116,000 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 $116,200 zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Holds Gains<\/h2>\n<p>Bitcoin price started a fresh upward wave above the $112,500 zone. BTC managed to climb above the $113,500 and $114,200 resistance levels.<\/p>\n<p>The bulls were able to push the price above $115,000 and $116,000. The price traded as high as $116,743 and recently started a consolidation phase. There was a minor decline below $116,000. The price even spiked below the 23.6% Fib retracement level of the recent move from the $110,815 swing low to the $116,743 high.<\/p>\n<p>Bitcoin is now trading near $115,000 and the 100 hourly Simple moving average. Besides, there is a bearish trend line forming with resistance at $116,000 on the hourly chart of the BTC\/USD pair.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-821524\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/09\/Bitcoin_bb21f2.png?resize=1024%2C493\" alt=\"Bitcoin Price\" width=\"1024\" height=\"493\" loading=\"lazy\" \/><\/p>\n<p>Immediate resistance on the upside is near the $116,000 level. The first key resistance is near the $116,200 level. The next resistance could be $116,750. A close above the $116,750 resistance might send the price further higher. In the stated case, the price could rise and test the $117,500 resistance level. Any more gains might send the price toward the $118,500 level. The next barrier for the bulls could be $118,800.<\/p>\n<h2>Another Drop In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $116,200 resistance zone, it could start a fresh decline. Immediate support is near the $114,900 level. The first major support is near the $113,750 level or the 50% Fib\u00a0level of the recent move from the $110,815 swing low to the $116,743 high.<\/p>\n<p>The next support is now near the $113,000 zone. Any more losses might send the price toward the $112,500 support in the near term. The main support sits at $110,500, 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 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 $115,000, followed by $113,750.<\/p>\n<p>Major Resistance Levels \u2013 $116,200 and $116,500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is showing positive signs above $115,000. BTC is now consolidating and might rise further if it clears the $116,500 resistance zone. Bitcoin started a fresh increase above the $115,000 zone. The price is trading near $115,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at&hellip;<\/p>\n","protected":false},"author":1,"featured_media":7005,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[145],"tags":[65,108,73,70,71,146],"class_list":["post-7004","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\/7004","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=7004"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/7004\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/7005"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=7004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=7004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=7004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}