{"id":653006,"date":"2024-11-14T02:47:12","date_gmt":"2024-11-14T02:47:12","guid":{"rendered":"https:\/\/uniquehot.com\/?p=653006"},"modified":"2024-11-14T02:47:12","modified_gmt":"2024-11-14T02:47:12","slug":"bitcoin-price-steadies-at-90k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/btc\/bitcoin-price-steadies-at-90k\/","title":{"rendered":"Bitcoin Price Steadies at $90K: Is Another Rally in Sight?"},"content":{"rendered":"<p><em>Bitcoin price extended gains above $90,000. BTC is now consolidating gains near $90,000 and might attempt another increase in the near term.<\/em><\/p>\n<ul>\n<li>Bitcoin extended its increase and traded above the $92,000 zone.<\/li>\n<li>The price is trading above $87,500 and the 100 hourly Simple moving average.<\/li>\n<li>There is a key bullish trend line forming with support at $87,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could continue to rise if it stays above the $85,400 zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Sets Another ATH<\/h2>\n<p>Bitcoin price started a <a href=\"https:\/\/uniquehot.com\/analysis\/btc\/bitcoin-price-pauses-at-90k\/\" target=\"_blank\" rel=\"noopener \">fresh increase<\/a> above the $88,000 level. BTC cleared the $90,000 resistance and traded to a new all-time high. It posted a high at $93,435 and is currently consolidating gains.<\/p>\n<p>There was a minor decline below the $91,500 level. The price dipped below the 50% Fib retracement level of the upward move from the $85,302 swing low to the $93,435 high. However, the bulls are active near the $88,500 support zone.<\/p>\n<p>Bitcoin price is now trading above $87,500 and the <a href=\"https:\/\/uniquehot.com\/analysis\/btc\/bitcoin-price-gains-100k-dream\/\" target=\"_blank\" rel=\"noopener \">100 hourly Simple moving average<\/a>. There is also a key bullish trend line forming with support at $87,200 on the hourly chart of the BTC\/USD pair. The trend line is close to the 76.4% Fib retracement level of the upward move from the $85,302 swing low to the $93,435 high.<\/p>\n<figure id=\"attachment_653007\" aria-describedby=\"caption-attachment-653007\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/Bitcoin_000f00.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-653007 size-full\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/Bitcoin_000f00.png?resize=1024%2C478\" alt=\"Bitcoin Price\" width=\"1024\" height=\"478\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/Bitcoin_000f00.png?w=1835 1835w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/Bitcoin_000f00.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/Bitcoin_000f00.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/Bitcoin_000f00.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/Bitcoin_000f00.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/Bitcoin_000f00.png?w=104 104w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/Bitcoin_000f00.png?w=83 83w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/Bitcoin_000f00.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/Bitcoin_000f00.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-653007\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>On the upside, the price could face resistance near the $90,500 level. The first key resistance is near the $91,200 level. A clear move above the $91,200 resistance might send the price higher. The next key resistance could be $93,500. A close above the $93,500 resistance might initiate more gains. In the stated case, the price could rise and test the $95,000 resistance level. Any more gains might send the price toward the $100,000 resistance level.<\/p>\n<h2>More Downsides In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $90,500 resistance zone, it could start a downside correction. Immediate support on the downside is near the $88,400 level.<\/p>\n<p>The first major support is near the $87,200 level or the trend line. The next support is now near the $85,400 zone. Any more losses might send the price toward the $82,500 support 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 above the 80 level.<\/p>\n<p>Major Support Levels \u2013 $88,400, followed by $87,200.<\/p>\n<p>Major Resistance Levels \u2013 $90,500, and $91,200.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price extended gains above $90,000. BTC is now consolidating gains near $90,000 and might attempt another increase in the near term. Bitcoin extended its increase and traded above the $92,000 zone. The price is trading above $87,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $87,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could continue to rise if it stays above the $85,400 zone. Bitcoin Price Sets Another ATH Bitcoin price started a fresh increase above the $88,000 level. BTC cleared the $90,000 resistance and traded to a new all-time high. It posted a high at $93,435 and is currently consolidating gains. There was a minor decline below the $91,500 level. The price dipped below the 50% Fib retracement level of the upward move from the $85,302 swing low to the $93,435 high. However, the bulls are active near the $88,500 support zone. Bitcoin price is now trading above $87,500 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support at $87,200 on the hourly chart of the BTC\/USD pair. The trend line is close to the 76.4% Fib retracement level of the upward move from the $85,302 swing low to the $93,435 high. On the upside, the price could face resistance near the $90,500 level. The first key resistance is near the $91,200 level. A clear move above the $91,200 resistance might send the price higher. The next key resistance could be $93,500. A close above the $93,500 resistance might initiate more gains. In the stated case, the price could rise and test the $95,000 resistance level. Any more gains might send the price toward the $100,000 resistance level. More Downsides In BTC? If Bitcoin fails to rise above the $90,500 resistance zone, it could start a downside correction. Immediate support on the downside is near the $88,400 level. The first major support is near the $87,200 level or the trend line. The next support is now near the $85,400 zone. Any more losses might send the price toward the $82,500 support in the near term. Technical indicators: Hourly MACD \u2013 The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 80 level. Major Support Levels \u2013 $88,400, followed by $87,200. Major Resistance Levels \u2013 $90,500, and $91,200.<\/p>\n","protected":false},"author":67,"featured_media":653008,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83361],"tags":[428,679,1144,78790,76835],"class_list":["post-653006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-btc","tag-bitcoin","tag-bitcoin-price","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\n<title>Bitcoin Price Steadies at $90K: Is Another Rally in Sight?<\/title>\n<meta name=\"description\" content=\"Bitcoin price extended gains above $90,000. 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