{"id":8596,"date":"2025-12-05T05:11:07","date_gmt":"2025-12-05T05:11:07","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/bitcoin-coils-near-highs-as-bulls-defend-gains-ahead-of-resistance\/"},"modified":"2025-12-05T05:11:07","modified_gmt":"2025-12-05T05:11:07","slug":"bitcoin-coils-near-highs-as-bulls-defend-gains-ahead-of-resistance","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/bitcoin-coils-near-highs-as-bulls-defend-gains-ahead-of-resistance\/","title":{"rendered":"Bitcoin Coils Near Highs as Bulls Defend Gains Ahead of Resistance"},"content":{"rendered":"<p><em>Bitcoin price started a fresh increase above $92,500. BTC is now consolidating gains and might attempt an upside break above $93,500.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh increase above the $92,500 zone.<\/li>\n<li>The price is trading above $92,000 and the 100 hourly Simple moving average.<\/li>\n<li>There was a break below a bullish trend line with support at $93,000 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 settles above the $93,000 zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Faces Resistance<\/h2>\n<p>Bitcoin price managed to stay above the $90,000 zone and started a fresh increase. BTC gained strength for a move above the $90,500 and $91,500 levels.<\/p>\n<p>There was a clear move above the $93,000 resistance. A high was formed at $94,050 and the price is now consolidating gains. There was a minor drop to test the 23.6% Fib retracement level of the upward move from the $83,870 swing low to the $94,050 high.<\/p>\n<p>There was a break below a bullish trend line with support at $93,000 on the hourly chart of the BTC\/USD pair. Bitcoin is now trading above $92,000 and the 100 hourly Simple moving average.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-863257\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/12\/Bitcoin_e1a326.png?resize=1024%2C488\" alt=\"Bitcoin Price \" width=\"1024\" height=\"488\" \/><\/p>\n<p>If the bulls remain in action, the price could attempt another increase. Immediate resistance is near the $92,800 level. The first key resistance is near the $93,000 level. The next resistance could be $94,000. A close above the $94,000 resistance might send the price further higher. In the stated case, the price could rise and test the $95,000 resistance. Any more gains might send the price toward the $95,500 level. The next barrier for the bulls could be $96,200 and $96,450.<\/p>\n<h2>Downside Break In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $94,000 resistance zone, it could start another decline. Immediate support is near the $91,650 level. The first major support is near the $90,500 level.<\/p>\n<p>The next support is now near the $88,950 zone or the 50% Fib retracement level of the upward move from the $83,870 swing low to the $94,050 high. Any more losses might send the price toward the $87,750 support in the near term. The main support sits at $87,200, below which BTC might accelerate lower in the near term.<\/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 $91,650, followed by $90,500.<\/p>\n<p>Major Resistance Levels \u2013 $93,000 and $94,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a fresh increase above $92,500. BTC is now consolidating gains and might attempt an upside break above $93,500. Bitcoin started a fresh increase above the $92,500 zone. The price is trading above $92,000 and the 100 hourly Simple moving average. There was a break below a bullish trend line with support at&hellip;<\/p>\n","protected":false},"author":1,"featured_media":8597,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[145],"tags":[65,108,73,70,71,146],"class_list":["post-8596","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\/8596","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=8596"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/8596\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/8597"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=8596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=8596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=8596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}