Bitcoin\u2019s price is currently teasing with investors, as it is struggling to sustain its rally above the $100K resistance level and could even be on the verge of a short-term correction.<\/p>\n
By Edris Derakhshi (TradingRage)<\/a><\/p>\n On the daily chart, the asset has been making higher highs and lows since rebounding from the $92K level. While the market has also broken the $100K level to the upside, it has failed to sustain bullish momentum and is having a hard time getting past the $108K resistance level.<\/p>\n If the $100K level is lost, a drop back toward the $92K region could be expected in the near future.<\/a><\/p>\n Looking at the 4-hour timeframe, things look a lot messier in the past few days. The price action has been extremely choppy after the bullish breakout from the $100K level and the falling wedge pattern.<\/p>\n The $108K resistance zone has also rejected the asset decisively, and the market is now moving back toward the $100K level. The RSI has also dropped below 50%, which could lead to a breakdown of the $100K area and cause a deeper correction.<\/p>\n <\/a><\/p>\n By Edris Derakhshi (TradingRage)<\/a><\/p>\n While Bitcoin is trading at all-time high prices, an interesting observation can be made by looking at the short-term holder SOPR. This metric measures the ratio of realized profits by investors who have held their BTC for less than 6 months.<\/p>\n As the chart depicts, the STH-SOPR has been dropping rapidly over the past couple of weeks, indicating that most profit-taking by short-term holders has already been done. This is a positive signal, as it points to a potential supply shrink, which could push the price higher in the upcoming weeks.<\/a><\/p>\n The post Bitcoin Price Analysis: Warning Signs of a BTC Correction Ahead<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin\u2019s price is currently teasing with investors, as it is struggling to sustain its rally above the $100K resistance level and could even be on the verge of a short-term correction. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the asset has been making higher highs and lows since rebounding […]<\/p>\n","protected":false},"author":0,"featured_media":38363,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-38362","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\/38362"}],"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=38362"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/38362\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/38363"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}The Daily Chart<\/h3>\n
The 4-Hour Chart<\/h3>\n
On-Chain Analysis<\/h2>\n
Bitcoin Exchange Netflow<\/h3>\n
![<\/a><\/p>\nThe 4-Hour Chart<\/h3>\nLooking at the 4-hour timeframe, things look a lot messier in the past few days. The price action has been extremely choppy after the bullish breakout from the $100K level and the falling wedge pattern.<\/p>\nThe $108K resistance zone has also rejected the asset decisively, and the market is now moving back toward the $100K level. The RSI has also dropped below 50%, which could lead to a breakdown of the $100K area and cause a deeper correction.<\/p>\n<\/a><\/p>\nOn-Chain Analysis<\/h2>\nBy Edris Derakhshi (TradingRage)<\/a><\/p>\nBitcoin Exchange Netflow<\/h3>\nWhile Bitcoin is trading at all-time high prices, an interesting observation can be made by looking at the short-term holder SOPR. This metric measures the ratio of realized profits by investors who have held their BTC for less than 6 months.<\/p>\nAs the chart depicts, the STH-SOPR has been dropping rapidly over the past couple of weeks, indicating that most profit-taking by short-term holders has already been done. This is a positive signal, as it points to a potential supply shrink, which could push the price higher in the upcoming weeks.<\/a><\/p>\nThe post Bitcoin Price Analysis: Warning Signs of a BTC Correction Ahead<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Bitcoin\u2019s price is currently teasing with investors, as it is struggling to sustain its rally above the $100K resistance level and could even be on the verge of a short-term correction. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the asset has been making higher highs and lows since rebounding […]<\/p>\n","protected":false},"author":0,"featured_media":38363,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-38362","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\/38362"}],"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=38362"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/38362\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/38363"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/BTCUSDT-Daily-Jan-23-2025-scaled.jpg\"){kind=link}
![<\/a><\/p>\nOn-Chain Analysis<\/h2>\nBy Edris Derakhshi (TradingRage)<\/a><\/p>\nBitcoin Exchange Netflow<\/h3>\nWhile Bitcoin is trading at all-time high prices, an interesting observation can be made by looking at the short-term holder SOPR. This metric measures the ratio of realized profits by investors who have held their BTC for less than 6 months.<\/p>\nAs the chart depicts, the STH-SOPR has been dropping rapidly over the past couple of weeks, indicating that most profit-taking by short-term holders has already been done. This is a positive signal, as it points to a potential supply shrink, which could push the price higher in the upcoming weeks.<\/a><\/p>\nThe post Bitcoin Price Analysis: Warning Signs of a BTC Correction Ahead<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Bitcoin\u2019s price is currently teasing with investors, as it is struggling to sustain its rally above the $100K resistance level and could even be on the verge of a short-term correction. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the asset has been making higher highs and lows since rebounding […]<\/p>\n","protected":false},"author":0,"featured_media":38363,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-38362","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\/38362"}],"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=38362"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/38362\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/38363"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/BTCUSDT-4H-Jan-23-2025-scaled.jpg\"){kind=link}
![<\/a><\/p>\nThe post Bitcoin Price Analysis: Warning Signs of a BTC Correction Ahead<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Bitcoin\u2019s price is currently teasing with investors, as it is struggling to sustain its rally above the $100K resistance level and could even be on the verge of a short-term correction. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the asset has been making higher highs and lows since rebounding […]<\/p>\n","protected":false},"author":0,"featured_media":38363,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-38362","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\/38362"}],"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=38362"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/38362\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/38363"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/Bitcoin-Short-Term-Holder-SOPR-1-scaled.jpg\"){kind=link}