{"id":33627,"date":"2025-01-06T17:22:15","date_gmt":"2025-01-06T17:22:15","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=33627"},"modified":"2025-01-06T17:22:15","modified_gmt":"2025-01-06T17:22:15","slug":"bitcoin-bounces-back-above-100k-is-the-bull-run-resuming-or-a-correction-ahead","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=33627","title":{"rendered":"Bitcoin Bounces Back Above $100K \u2013 Is the Bull Run Resuming or a Correction Ahead?"},"content":{"rendered":"

After weeks of trading below the critical $100,000 mark, Bitcoin has started 2025 with renewed bullish momentum. The cryptocurrency, which had been struggling since last month, has shown signs of recovery, climbing back above the psychological $100,000 threshold<\/a> earlier today for the first time in recent weeks.<\/p>\n

Bitcoin entered the year trading between $93,000 to $95,000 but has now regained momentum as its current trading price sits at $102,368. \u00a0Over the past 24 hours, Bitcoin has surged by a 4.5% increase, bringing it closer to its all-time high of $108,000 achieved in late 2024.<\/p>\n

This upward movement has reignited optimism<\/a> among both retail and institutional investors, with many closely watching key market indicators to understand whether Bitcoin can sustain this momentum or if another correction might be on the horizon.<\/p>\n

What Bitcoin Short-Term Holder Realized Price Indicates<\/h2>\n

CryptoQuant analyst Yonsei Dent recently shared an analysis<\/a> of Bitcoin\u2019s price dynamics, highlighting the role of the Realized Price of Short-Term Holders (STH) as a key breakeven point.<\/p>\n

The Realized Price represents the average purchase price of Bitcoin by short-term holders, segmented into two critical bands: 1-week to 1-month (1W-1M) and 1-month to 3-month (1M-3M).<\/p>\n

Historically, the 1M-3M band has consistently acted as a medium-term support zone, while the 1W-1M band reflects short-term market sentiment. When the gap between these two bands widens, Bitcoin often experiences consolidation or corrective phases until they converge again.<\/p>\n

Currently, Bitcoin is encountering resistance at the 1W-1M band. However, the 1M-3M band continues to provide strong support, indicating a potential accumulation<\/a> opportunity for medium-term investors.<\/p>\n

Yonsei Dent emphasized that monitoring the interaction between these two bands is essential for identifying market trends. As they move closer together, Bitcoin may experience a period of relative stability before determining its next significant price direction.<\/p>\n

Further Upward Momentum Expected?<\/h2>\n

Another CryptoQuant analyst, Joohyun Ryu, provided insights<\/a> into Bitcoin\u2019s recent correction phase, noting that while the market exhibited signs of cooling, key indicators suggest a potential rebound.<\/p>\n

Metrics such as Market Value to Realized Value (MVRV), Adjusted Spent Output Profit Ratio (aSOPR), and Net Unrealized Profit\/Loss (NUPL) offer valuable context for assessing market sentiment.<\/p>\n

The MVRV ratio currently stands at 2.358, indicating that Bitcoin is trading at a moderate premium<\/a> relative to its realized value. Similarly, the aSOPR metric, currently at 1.02, suggests that Bitcoin transactions are still yielding profits on average.<\/p>\n

Meanwhile, the NUPL value of 0.58 reflects a market sentiment<\/a> that remains in a state of optimism despite recent price fluctuations. Ryu also highlighted the continued activity of short-term holders, noting their consistent market participation despite recent volatility.<\/p>\n

This steady influx of new investors suggests growing confidence in Bitcoin\u2019s long-term value proposition. Historically, such behavior has preceded significant upward price movements, reinforcing the notion that the recent market cooling phase may set the stage for a potential breakout.<\/p>\n

Featured image Created With DALL-E, Chart from TradingView<\/p>","protected":false},"excerpt":{"rendered":"

After weeks of trading below the critical $100,000 mark, Bitcoin has started 2025 with renewed bullish momentum. The cryptocurrency, which had been struggling since last month, has shown signs of recovery, climbing back above the psychological $100,000 threshold earlier today for the first time in recent weeks. Bitcoin entered the year trading between $93,000 to […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-33627","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/33627"}],"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=33627"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/33627\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}