{"id":34067,"date":"2025-01-08T09:00:36","date_gmt":"2025-01-08T09:00:36","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=34067"},"modified":"2025-01-08T09:00:36","modified_gmt":"2025-01-08T09:00:36","slug":"bitcoin-plunges-below-100k-despite-positive-coinbase-premium-signal-whats-next","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=34067","title":{"rendered":"Bitcoin Plunges Below $100K Despite Positive Coinbase Premium Signal \u2013 What\u2019s Next?"},"content":{"rendered":"

Bitcoin (BTC) has seen bullish but unsteady price action in early 2025, with recent data<\/a> highlighting shifting sentiment among US investors. After briefly crossing the $102,000 mark yesterday, the asset has struggled to maintain upward momentum, shedding most of its recent gains as it stands at just below $100,000.<\/p>\n

These developments coincide with critical insights from key on-chain metrics that offer a clearer view<\/a> of Bitcoin\u2019s short-term trajectory.<\/p>\n

Bitcoin\u2019s Price Struggles Despite Positive Coinbase Premium Index Signal<\/h2>\n

A CryptoQuant analyst known as Burak Kesmeci recently shared insights on the Coinbase Premium Index (CPI), which turned positive for the first time in 2025. The CPI measures the price difference<\/a> between Bitcoin on Coinbase and other global exchanges, serving as a crucial indicator of US investor sentiment.<\/p>\n

3 days ago, Coinbase Premium Index crossed SMA14 for the 1st time in 26 days\u2014Bitcoin is now up 4% to $102K.<\/p>\n

In Nov 2024, a similar move saw Bitcoin rally from $69K to $108K.<\/p>\n

U.S. buyers could be back in action. pic.twitter.com\/XtAlHUzzvv<\/a><\/p>\n

\u2014 CryptoQuant.com (@cryptoquant_com) January 6, 2025<\/a><\/p>\n

Alongside this positive shift, a notable 4,012 BTC outflow from Coinbase was recorded, signaling renewed buying interest among US-based investors. Historically, such patterns have been associated with a rise in buying pressure, often laying the groundwork for potential price surges<\/a>.<\/p>\n

Despite these positive signals, Bitcoin\u2019s price performance remains restrained. After briefly surpassing $102,000 on December 6, Bitcoin retreated and now trades below $100,000, reflecting a modest 3.3% decrease over the past 24 hours.<\/p>\n

This price mark from the largest cryptocurrency by market capitalization puts it at approximately 8.9% below its all-time high of $108,135, achieved in December 2024.<\/p>\n

Bitcoin Faces Key Resistance Levels<\/h2>\n

Notably, the current price action from BTC suggests that while buying pressure<\/a> exists, it may not yet be sufficient to trigger another strong rally.<\/p>\n

According to cryptocurrency analyst Ali, Bitcoin maintains a critical support zone between $95,400 and $98,400, where over 1.77 million addresses collectively hold 1.53 million BTC.<\/p>\n

This support zone remains essential for stabilizing Bitcoin\u2019s price amid market uncertainty. Conversely, resistance appears limited, with only 107,000 BTC supply positioned between $104,700 and $105,770. This relatively thin resistance could pave the way for upward movement<\/a> if buying pressure intensifies.<\/p>\n

#Bitcoin<\/a> sits well above an important support zone between $95,400 and $98,400, where 1.77 million addresses bought over 1.53 million $BTC<\/a>. However, there isn\u2019t significant resistance ahead, only a minimal supply wall of 107,000 #BTC<\/a> between $104,700 and $105,770. pic.twitter.com\/MEATFegTV2<\/a><\/p>\n

\u2014 Ali (@ali_charts) January 7, 2025<\/a><\/p>\n

Meanwhile, zooming out, analysts remain bullish overall on Bitcoin. Captain Faibik for instance has recently shared his outlook<\/a> on BTC suggesting that the asset is still poised for a rally to $112,000.<\/p>\n

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

Bitcoin (BTC) has seen bullish but unsteady price action in early 2025, with recent data highlighting shifting sentiment among US investors. After briefly crossing the $102,000 mark yesterday, the asset has struggled to maintain upward momentum, shedding most of its recent gains as it stands at just below $100,000. These developments coincide with critical insights […]<\/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-34067","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/34067"}],"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=34067"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/34067\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}