{"id":78905,"date":"2025-08-19T02:50:08","date_gmt":"2025-08-19T02:50:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/78905\/"},"modified":"2025-08-19T02:50:08","modified_gmt":"2025-08-19T02:50:08","slug":"bitcoin-comes-off-record-high-and-slips-through-april-to-august-uptrend-line","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/78905\/","title":{"rendered":"\u200bBitcoin comes off record high and slips through April-to-August uptrend line."},"content":{"rendered":"<p>\u200b\u200bBitcoin bearish scenario:<\/p>\n<p>Monday&#8217;s slip through the April to August uptrend line at $116,864.00 is short-term bearish.<\/p>\n<p>A fall through the 55-day simple moving average (SMA) at $114,985.24 may put the key May peak-to-early August low support area at $111,982.45 to $111,965.80 on the map.<\/p>\n<p>Further potential support can be found at the $110,617.03 June peak.<\/p>\n<p>Bitcoin bullish scenario:<\/p>\n<p>If\u00a0<a href=\"https:\/\/www.ig.com\/au\/forex\/markets-forex\/bitcoin-cashbitcoin\" class=\"insight-link\" rel=\"nofollow noopener\" target=\"_blank\">Bitcoin<\/a> were to hold around the\u202f55-day simple moving average (SMA) at $114,985.24 and then rise above Sunday&#8217;s $118,624.45 high, another up leg may take it towards the mid-to-late-July highs at $119,815.35 to $121,012.09. These levels are likely to act as resistance, though.<\/p>\n<p>If not, the July peak at $123,181.77 and also the current August record high at $124,277.50 may be back in the frame.<\/p>\n<p>Bitcoin chart<\/p>\n","protected":false},"excerpt":{"rendered":"\u200b\u200bBitcoin bearish scenario: Monday&#8217;s slip through the April to August uptrend line at $116,864.00 is short-term bearish. A&hellip;\n","protected":false},"author":2,"featured_media":78906,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[64,63,99,171],"class_list":{"0":"post-78905","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-markets"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/78905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=78905"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/78905\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/78906"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=78905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=78905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=78905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}