{"id":7048,"date":"2025-09-17T04:11:06","date_gmt":"2025-09-17T04:11:06","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-back-at-resistance-fed-meeting-could-trigger-big-move\/"},"modified":"2025-09-17T04:11:06","modified_gmt":"2025-09-17T04:11:06","slug":"bitcoin-price-back-at-resistance-fed-meeting-could-trigger-big-move","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-back-at-resistance-fed-meeting-could-trigger-big-move\/","title":{"rendered":"Bitcoin Price Back at Resistance \u2013 Fed Meeting Could Trigger Big Move"},"content":{"rendered":"<p><em>Bitcoin price is moving higher above $116,200. BTC is now consolidating and might gain bullish momentum if it clears the $116,850 resistance zone.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh increase above the $116,000 zone.<\/li>\n<li>The price is trading below $116,000 and the 100 hourly Simple moving average.<\/li>\n<li>There was a break above a contracting triangle with resistance at $115,750 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 $116,850 zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Hits Resistance<\/h2>\n<p>Bitcoin price started a fresh upward wave above the $114,500 zone. BTC managed to climb above the $115,000 and $115,500 resistance levels.<\/p>\n<p>The bulls were able to push the price above $116,200 and $116,500. Besides, there was a break above a contracting triangle with resistance at $115,750 on the hourly chart of the BTC\/USD pair. The price traded as high as $116,959 and is currently consolidating gains. It is stable above the 23.6% Fib retracement level of the recent move from the $114,156 swing low to the $116,959 high.<\/p>\n<p>Bitcoin is now trading above $116,000 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $116,850 level. The first key resistance is near the $117,200 level.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-822953\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/09\/Bitcoin_e46473.png?resize=1024%2C493\" alt=\"Bitcoin Price\" width=\"1024\" height=\"493\" \/><\/p>\n<p>The next resistance could be $117,500. A close above the $117,500 resistance might send the price further higher. In the stated case, the price could rise and test the $118,400 resistance level. Any more gains might send the price toward the $118,800 level. The next barrier for the bulls could be $119,250.<\/p>\n<h2>Another Decline In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $116,850 resistance zone, it could start a fresh decline. Immediate support is near the $116,250 level. The first major support is near the $115,550 level or the 50% Fib retracement level of the recent move from the $114,156 swing low to the $116,959 high.<\/p>\n<p>The next support is now near the $115,200 zone. Any more losses might send the price toward the $114,500 support in the near term. The main support sits at $112,500, below which BTC might decline heavily.<\/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 $115,550, followed by $115,200.<\/p>\n<p>Major Resistance Levels \u2013 $116,850 and $117,200.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is moving higher above $116,200. BTC is now consolidating and might gain bullish momentum if it clears the $116,850 resistance zone. Bitcoin started a fresh increase above the $116,000 zone. The price is trading below $116,000 and the 100 hourly Simple moving average. There was a break above a contracting triangle with resistance&hellip;<\/p>\n","protected":false},"author":1,"featured_media":7049,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[145],"tags":[65,108,73,70,71,146],"class_list":["post-7048","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\/7048","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=7048"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/7048\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/7049"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=7048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=7048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=7048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}