Bitcoin has continued to receive substantial support around the $90K level, sparking a slight recovery.<\/p>\n
However, the prevailing bullish momentum appears insufficient to trigger a fresh rally toward a new all-time high, suggesting the likelihood of consolidation within this area in the short term.<\/p>\n
By Shayan<\/p>\n
After a period of decline, Bitcoin has found strong support at the critical $90K region, highlighting the presence of buyers at this level. This support aligns with the middle threshold of its multi-year ascending channel, reinforcing its significance.<\/p>\n
Despite a slight increase in buying pressure resulting in a minor bullish rebound, the current momentum remains subdued, suggesting a continuation of the consolidation near this support zone.<\/p>\n
For Bitcoin to initiate a new rally and aim for a new all-time high, the market must witness heightened demand and stronger bullish momentum.<\/p>\n
<\/a>Source: TradingView<\/p>\n On the 4-hour chart, the $90K support level emerges as a pivotal defence zone, as evidenced by its role in halting the downward pressure over recent months.<\/p>\n The price action has recently formed an inverted head and shoulders pattern near this level, accompanied by an accumulation phase, signalling a potential bullish resurgence.<\/p>\n However, increased market demand and buying activity are necessary for BTC to break out and target the significant $108K resistance. Until then, the cryptocurrency will likely consolidate within the $90K region, awaiting a more evident directional move.<\/p>\n <\/a>Source: TradingView<\/p>\n By Shayan<\/p>\n American investors, particularly U.S. institutions, play a significant role in driving market movements. Consequently, analyzing their behaviour can provide valuable insights for predicting short-term market trends.<\/p>\n The Bitcoin Coinbase Premium Index is a critical metric that compares buying and selling pressure on Coinbase, a U.S.-centric exchange, against Binance.<\/p>\n The chart reveals that the Coinbase Premium Index has recently seen a notable increase, breaking above its 14-day Simple Moving Average for the first time in recent months. The index has approached values of zero, which indicates a shift in market dynamics, with U.S.-based buyers showing renewed interest and exerting buying pressure.<\/p>\n If the Coinbase Premium Index sustains levels above its SMA14 and moves into positive territory, it would signal that U.S.-based investors are becoming dominant in Bitcoin\u2019s market activity. This scenario could lead to a bullish rally driven by heightened demand from these key market participants.<\/p>\n <\/a>Source: CryptoQuant<\/p>\n The post Is Bitcoin About to Explode Above $100K Soon? (BTC Price Analysis)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin has continued to receive substantial support around the $90K level, sparking a slight recovery. However, the prevailing bullish momentum appears insufficient to trigger a fresh rally toward a new all-time high, suggesting the likelihood of consolidation within this area in the short term. Technical Analysis By Shayan The Daily Chart After a period of […]<\/p>\n","protected":false},"author":0,"featured_media":33343,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-33342","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\/33342"}],"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=33342"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/33342\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/33343"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}The 4-Hour Chart<\/h3>\n
On-chain Analysis<\/h2>\n
![<\/a>Source: TradingView<\/p>\nThe 4-Hour Chart<\/h3>\nOn the 4-hour chart, the $90K support level emerges as a pivotal defence zone, as evidenced by its role in halting the downward pressure over recent months.<\/p>\nThe price action has recently formed an inverted head and shoulders pattern near this level, accompanied by an accumulation phase, signalling a potential bullish resurgence.<\/p>\nHowever, increased market demand and buying activity are necessary for BTC to break out and target the significant $108K resistance. Until then, the cryptocurrency will likely consolidate within the $90K region, awaiting a more evident directional move.<\/p>\n<\/a>Source: TradingView<\/p>\nOn-chain Analysis<\/h2>\nBy Shayan<\/p>\nAmerican investors, particularly U.S. institutions, play a significant role in driving market movements. Consequently, analyzing their behaviour can provide valuable insights for predicting short-term market trends.<\/p>\nThe Bitcoin Coinbase Premium Index is a critical metric that compares buying and selling pressure on Coinbase, a U.S.-centric exchange, against Binance.<\/p>\nThe chart reveals that the Coinbase Premium Index has recently seen a notable increase, breaking above its 14-day Simple Moving Average for the first time in recent months. The index has approached values of zero, which indicates a shift in market dynamics, with U.S.-based buyers showing renewed interest and exerting buying pressure.<\/p>\nIf the Coinbase Premium Index sustains levels above its SMA14 and moves into positive territory, it would signal that U.S.-based investors are becoming dominant in Bitcoin\u2019s market activity. This scenario could lead to a bullish rally driven by heightened demand from these key market participants.<\/p>\n<\/a>Source: CryptoQuant<\/p>\nThe post Is Bitcoin About to Explode Above $100K Soon? (BTC Price Analysis)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Bitcoin has continued to receive substantial support around the $90K level, sparking a slight recovery. However, the prevailing bullish momentum appears insufficient to trigger a fresh rally toward a new all-time high, suggesting the likelihood of consolidation within this area in the short term. Technical Analysis By Shayan The Daily Chart After a period of […]<\/p>\n","protected":false},"author":0,"featured_media":33343,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-33342","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\/33342"}],"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=33342"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/33342\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/33343"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/BTC-D-scaled.jpg\"){kind=link}
![<\/a>Source: TradingView<\/p>\nOn-chain Analysis<\/h2>\nBy Shayan<\/p>\nAmerican investors, particularly U.S. institutions, play a significant role in driving market movements. Consequently, analyzing their behaviour can provide valuable insights for predicting short-term market trends.<\/p>\nThe Bitcoin Coinbase Premium Index is a critical metric that compares buying and selling pressure on Coinbase, a U.S.-centric exchange, against Binance.<\/p>\nThe chart reveals that the Coinbase Premium Index has recently seen a notable increase, breaking above its 14-day Simple Moving Average for the first time in recent months. The index has approached values of zero, which indicates a shift in market dynamics, with U.S.-based buyers showing renewed interest and exerting buying pressure.<\/p>\nIf the Coinbase Premium Index sustains levels above its SMA14 and moves into positive territory, it would signal that U.S.-based investors are becoming dominant in Bitcoin\u2019s market activity. This scenario could lead to a bullish rally driven by heightened demand from these key market participants.<\/p>\n<\/a>Source: CryptoQuant<\/p>\nThe post Is Bitcoin About to Explode Above $100K Soon? (BTC Price Analysis)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Bitcoin has continued to receive substantial support around the $90K level, sparking a slight recovery. However, the prevailing bullish momentum appears insufficient to trigger a fresh rally toward a new all-time high, suggesting the likelihood of consolidation within this area in the short term. Technical Analysis By Shayan The Daily Chart After a period of […]<\/p>\n","protected":false},"author":0,"featured_media":33343,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-33342","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\/33342"}],"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=33342"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/33342\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/33343"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/BTC-4H-scaled.jpg\"){kind=link}
![<\/a>Source: CryptoQuant<\/p>\nThe post Is Bitcoin About to Explode Above $100K Soon? (BTC Price Analysis)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Bitcoin has continued to receive substantial support around the $90K level, sparking a slight recovery. However, the prevailing bullish momentum appears insufficient to trigger a fresh rally toward a new all-time high, suggesting the likelihood of consolidation within this area in the short term. Technical Analysis By Shayan The Daily Chart After a period of […]<\/p>\n","protected":false},"author":0,"featured_media":33343,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-33342","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\/33342"}],"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=33342"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/33342\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/33343"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/Bitcoin-Coinbase-Premium-Index-scaled.jpg\"){kind=link}