Bitcoin’s Struggle to Stay Alive: Will Bulls Save the Day or Go on Vacation?

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Oh, Bitcoin. You were doing so well-until you weren’t. Now you’re stuck below $113,500 and looking pretty bearish. Things aren’t looking up, and there’s a resistance zone just waiting to crush your dreams at $113,000.

  • Bitcoin’s journey begins with a fresh decline below $111,400. Classic.
  • Price still struggling below $111,500, and the 100 hourly Simple moving average is nowhere to be found. Very relatable.
  • A sneaky bearish trend line is forming, like the plot of a bad rom-com, with resistance lurking at $111,550 on the hourly BTC/USD chart (shoutout to Kraken for the data).
  • If Bitcoin manages to shake off this funk, a rally past $112,500 might be in the cards-unless it gets distracted by another crisis.

Bitcoin’s Daring Attempt at a Comeback

After a valiant (but ultimately failed) attempt to close above $112,500, Bitcoin started slumping back down to the $112,000 support zone. Who didn’t see that coming? 🧐

Things took a nosedive below $110,500 and the 100 hourly Simple moving average-so much for that rebound. The price tested a new low at $108,734, but hey, there was a little recovery wave. Baby steps.

Bitcoin’s making moves above the $111,200 level, and even managed to climb above the 23.6% Fib retracement level-talk about a plot twist. But is it enough? It’s still below $111,500, the 100 hourly SMA, and basically every hope we had for a bullish recovery. 🙄

Resistance is strong at $111,500, with another key level forming at $111,550. The next hurdle? $112,000-then maybe, just maybe, a jump to $113,000. After that, it’s all about the 50% Fib retracement. Let’s see if this will finally turn into something, or if we’ll keep watching it limp along.

If Bitcoin somehow breaks above $113,000, the price might shoot up to $114,200, with dreams of hitting $115,500. The ultimate fantasy? $116,500. But we’ve been burned before, haven’t we?

Another Drop? More Drama to Come?

If Bitcoin can’t beat that $111,550 resistance, it might just keep spiraling into despair. Immediate support is at $110,500. If that gives way, look for $109,200 as the next pit stop.

The bottom? Oh, it’s probably closer to $108,500, and if things really go south, we’re looking at $106,500. And yes, the ultimate “uh-oh” support is at $105,500-below that, it’s like Bitcoin took a nosedive straight into oblivion.

Technical indicators:

Hourly MACD – Losing momentum in the bearish zone. Can we get a volunteer to cheer it on?

Hourly RSI (Relative Strength Index) – Below 50, so it’s basically the emotional equivalent of a teenager who’s lost their favorite hoodie.

Major Support Levels – $108,500, then $106,500. Don’t get too comfy.

Major Resistance Levels – $111,500 and $113,000. These levels are basically the villains in this story.

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2025-08-27 05:48