{"id":7446,"date":"2025-10-07T04:11:07","date_gmt":"2025-10-07T04:11:07","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-surges-to-new-peak-what-could-fuel-the-next-leg-up\/"},"modified":"2025-10-07T04:11:07","modified_gmt":"2025-10-07T04:11:07","slug":"bitcoin-price-surges-to-new-peak-what-could-fuel-the-next-leg-up","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-surges-to-new-peak-what-could-fuel-the-next-leg-up\/","title":{"rendered":"Bitcoin Price Surges To New Peak \u2013 What Could Fuel The Next Leg Up?"},"content":{"rendered":"<p><em>Bitcoin price started a strong increase and traded above $126,000. BTC is now consolidating gains and might aim for more gains in the short term.<\/em><\/p>\n<ul>\n<li>Bitcoin started a major increase above the $125,000 zone.<\/li>\n<li>The price is trading above $124,000 and the 100 hourly Simple moving average.<\/li>\n<li>There is a short-term bullish trend line forming with support at $124,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair might continue to move up if it clears the $125,500 zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Sets New ATH<\/h2>\n<p>Bitcoin price managed to stay above the $122,000 zone and started a fresh increase. BTC settled above the $123,500 resistance zone to start the current move.<\/p>\n<p>The bulls were able to pump the price above the $125,000 and $125,500 levels. They even cleared the $126,000 level. A new high was formed at $126,198 before there was a minor pullback. The price traded below the 23.6% Fib retracement level of the recent wave from the $122,230 swing low to the $126,198 high.<\/p>\n<p>Bitcoin is now trading above $124,000 and the 100 hourly Simple moving average. Besides, there is a short-term bullish trend line forming with support at $124,200 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-833809\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/10\/Bitcoin_faeb9a.png?resize=1024%2C493\" alt=\"Bitcoin Price\" width=\"1024\" height=\"493\" \/><\/p>\n<p>Immediate resistance on the upside is near the $125,250 level. The first key resistance is near the $125,500 level. The next resistance could be $126,200. A close above the $126,200 resistance might send the price further higher. In the stated case, the price could rise and test the $126,500 resistance. Any more gains might send the price toward the $128,000 level. The next barrier for the bulls could be $130,000.<\/p>\n<h2>Downside Correction In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $125,500 resistance zone, it could start a fresh decline. Immediate support is near the $124,200 level and the trend line. The first major support is near the $123,250 level or the 76.4% Fib retracement level of the recent wave from the $122,230 swing low to the $126,198 high.<\/p>\n<p>The next support is now near the $122,500 zone. Any more losses might send the price toward the $121,200 support in the near term. The main support sits at $120,500, below which BTC might struggle to recover in the short term.<\/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 $124,200, followed by $123,250.<\/p>\n<p>Major Resistance Levels \u2013 $125,500 and $126,500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a strong increase and traded above $126,000. BTC is now consolidating gains and might aim for more gains in the short term. Bitcoin started a major increase above the $125,000 zone. The price is trading above $124,000 and the 100 hourly Simple moving average. There is a short-term bullish trend line forming&hellip;<\/p>\n","protected":false},"author":1,"featured_media":7447,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[145],"tags":[65,108,73,70,71,146],"class_list":["post-7446","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\/7446","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=7446"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/7446\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/7447"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=7446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=7446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=7446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}