🚀 Bitcoin Rebounds – But Is the Momentum Strong Enough to L
CryptoMagaKing
Updated at: 2 hours ago
{"content":"🚀 Bitcoin Rebounds – But Is the Momentum Strong Enough to Last?
Bitcoin price is trying to regain over $111,000. Bitcoin is gaining and may accelerate if it breaks $112,500 barrier.
Bitcoin began a rebound over $111,200.
The price is over $111,200 and the 100-hour SMA.
The hourly BTC/USD chart shows a short-term ascending channel with support near $111,500.
If below $112,500, the pair may fall again.
Bitcoin Recovery Continues
Bitcoin launched a new rebound over $109,500. BTC broke $110,000 and $110,500 barrier.
Price broke the 61.8% Fib retracement barrier of the $113,457 swing high to $107,352 low dip. Price rose beyond $112,000 resistance. The hourly BTC/USD chart shows a short-term ascending channel with support near $111,500.
Bitcoin is over $111,000 and the 100-hour SMA. Additionally, the price is stabilizing at the 76.4% Fib retracement level of the significant decline from $113,457 swing high to $107,352 low. Near $112,500 is immediate upward barrier.
First major resistance is at $112,800. The next hurdle may be $113,450. A closing over $113,450 barrier might boost prices. The price may soar to $114,500 resistance. More advances might push the price beyond $115,000. The goal may be $115,500.
BTC Pullback Again?
Bitcoin may fall again if it fails to break $112,500. Near $111,500 is immediate support. Near $110,500 is the first important support.
The next support is approximately $110,000. More losses might push the price beyond $109,250. BTC may fall quickly below $108,500, the primary support.
The technical indications
The MACD is rising in the positive zone.
Relative Strength Index hourly BTC/USD RSI is over 50.
Major Support Levels: $111,500, $110,000.
Major Resistance Levels: $112,500, $113,450.
#ListedCompaniesAltcoinTreasury #BTC #TrumpFamilyCrypto #BTC110KSoon? #TrumpTariffs $BTC $ETH ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025092025/09/04/bb92ac3bb6294e82bace34723026a1e4.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}