{"id":7817,"date":"2025-10-27T05:11:05","date_gmt":"2025-10-27T05:11:05","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/bitcoin-accelerates-higher-as-bulls-target-break-above-115500-resistance\/"},"modified":"2025-10-27T05:11:05","modified_gmt":"2025-10-27T05:11:05","slug":"bitcoin-accelerates-higher-as-bulls-target-break-above-115500-resistance","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/bitcoin-accelerates-higher-as-bulls-target-break-above-115500-resistance\/","title":{"rendered":"Bitcoin Accelerates Higher As Bulls Target Break Above $115,500 Resistance"},"content":{"rendered":"<p><em>Bitcoin price is attempting to recover above $113,500. BTC could rise further if there is a clear move above the $115,500 resistance.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh recovery wave above the $113,500 resistance level.<\/li>\n<li>The price is trading above $114,000 and the 100 hourly Simple moving average.<\/li>\n<li>There is a bullish trend line forming with support at $113,350 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 trades above the $115,500 zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Starts Fresh Increase<\/h2>\n<p>Bitcoin price declined again below the $108,000 level. BTC tested the $106,720 zone and recently started a fresh increase. There was a move above the $112,000 resistance level.<\/p>\n<p>The bulls were able to pump the price above $113,500 and the 100 hourly Simple moving average. Finally, the price spiked above $115,000 and is currently consolidating gains above the 23.6% Fib retracement level of the recent wave from the $106,718 swing low to the $115,400 high.<\/p>\n<p>Besides, there is a bullish trend line forming with support at $113,350 on the hourly chart of the BTC\/USD pair. Bitcoin is now trading above $114,000 and the 100 hourly Simple moving average.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-844259\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/10\/Bitcoin_b69f59.png?resize=1024%2C493\" alt=\"Bitcoin Price \" width=\"1024\" height=\"493\" loading=\"lazy\" \/><\/p>\n<p>Immediate resistance on the upside is near the $115,250 level. The first key resistance is near the $115,500 level. The next resistance could be $116,200. A close above the $116,200 resistance might send the price further higher. In the stated case, the price could rise and test the $117,000 resistance. Any more gains might send the price toward the $118,000 level. The next barrier for the bulls could be $118,800.<\/p>\n<h2>Another Pullback In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $115,500 resistance zone, it could start a fresh decline. Immediate support is near the $114,000 level. The first major support is near the $113,500 level or the trend line.<\/p>\n<p>The next support is now near the $111,000 zone. Any more losses might send the price toward the $110,500 support in the near term. The main support sits at $108,500, 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 $114,000, followed by $113,500.<\/p>\n<p>Major Resistance Levels \u2013 $115,500 and $116,500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is attempting to recover above $113,500. BTC could rise further if there is a clear move above the $115,500 resistance. Bitcoin started a fresh recovery wave above the $113,500 resistance level. The price is trading above $114,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support&hellip;<\/p>\n","protected":false},"author":1,"featured_media":7818,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[145],"tags":[65,108,73,70,71,146],"class_list":["post-7817","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\/7817","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=7817"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/7817\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/7818"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=7817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=7817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=7817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}