notes<\/a> that during the 2024 correction, BTC faced four failed attempts to break above this same metric. Each rejection was driven by short-term holders selling at their break-even points \u2014 a typical psychological reaction that delays trend reversals. Once Bitcoin finally sustained above the STH Realized Price, however, the market quickly regained momentum and entered a new expansion phase.<\/p>\nThis time, the dynamic appears similar. If Bitcoin successfully consolidates above this zone, it could pave the way for a strong bullish impulse and potentially a new all-time high (ATH) in the short term. The STH Realized Price acts as a measure of conviction among recent investors; holding above it suggests growing confidence and a shift from capitulation to accumulation.<\/p>\n
Darkfost also highlights another critical observation: throughout the current bull cycle, Bitcoin has never fallen below the yearly STH Realized Price. Each time the price neared that level, a rebound followed \u2014 reaffirming it as a structural support for the broader trend.<\/p>\n
Still, caution remains essential. A breakdown below the $94,000 mark \u2014 the current yearly STH Realized Price \u2014 would likely signal a deeper market shift. Such a move could mark the transition from a mid-cycle correction into a more prolonged bearish phase.<\/p>\n
For now, the data suggests resilience, not weakness. As long as BTC remains above its short-term realized threshold, the broader uptrend remains intact \u2014 with potential for the next major rally if buying pressure continues to build above $115K.<\/p>\n
BTC Bulls Defend Key Support While Momentum Cools<\/h2>\n
Bitcoin is currently trading around $114,360, consolidating after a brief rally that tested resistance near $115,800\u2013$117,500. The chart shows that BTC successfully reclaimed the 200-period moving average (red line) on the 4-hour timeframe, a level that had acted as resistance throughout mid-October. This reclaim is an encouraging short-term signal, but momentum appears to be slowing as traders await the next catalyst.<\/p>\n
The $113,000\u2013$114,000 range now serves as immediate support \u2014 aligning with the Short-Term Holder (STH) Realized Price, a key on-chain level that reflects the cost basis of recent buyers. Holding this zone could allow bulls to consolidate strength before another attempt at breaking above $117,500, the main horizontal resistance that capped previous rallies.<\/p>\n
On the downside, failure to maintain above the 200-MA could trigger a retest of $111,000, where the 100-MA (green line) provides secondary support. Trading volume remains subdued, reflecting investor caution ahead of the Federal Reserve\u2019s interest rate decision later this week.<\/p>\n
Bitcoin remains in a constructive phase as long as it holds above $113K. Sustained consolidation above this level would reinforce bullish structure \u2014 while a decisive break above $117,500 could open the path toward $120,000+ in the short term.<\/p>\n
Featured image from ChatGPT, chart from TradingView.com<\/p>","protected":false},"excerpt":{"rendered":"
Bitcoin is showing early signs of strength as it attempts to reclaim the $115,000 level. After weeks of mixed sentiment and heavy selling pressure, momentum appears to be turning slightly bullish. The recent weekly close above $114,500 has confirmed a reclaim of the Short-Term Holder (STH) Realized Price, a key on-chain threshold currently sitting near […]<\/p>\n","protected":false},"author":0,"featured_media":108548,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-108547","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/108547"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=108547"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/108547\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/108548"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=108547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=108547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=108547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}