{"id":13286,"date":"2025-02-15T15:18:55","date_gmt":"2025-02-15T15:18:55","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=13286"},"modified":"2025-02-15T15:18:55","modified_gmt":"2025-02-15T15:18:55","slug":"bitcoin-price-analysis-how-likely-is-for-btc-to-break-above-100k-this-week","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=13286","title":{"rendered":"Bitcoin Price Analysis: How Likely is for BTC to Break Above $100K This Week?"},"content":{"rendered":"
\n

Bitcoin is struggling to regain momentum, with its price action stagnating around the 100-day moving average. The current market structure suggests a pivotal moment, where a bullish rebound remains a strong possibility.<\/p>\n

Technical Analysis<\/h2>\n

By Shayan<\/p>\n

The Daily Chart<\/h3>\n

Bitcoin\u2019s price has been consolidating near the crucial 100-day moving average at $96K, with sellers attempting to push it below this key support. A decisive breakdown could trigger a deeper correction toward the substantial $90K support in the coming weeks.<\/p>\n

On the flip side, if buyers defend this critical zone and initiate a rebound, an upward move toward the $100K psychological resistance becomes increasingly likely. The RSI hovers near the neutral 50 mark, signaling a balance between bulls and bears, with a breakout in either direction determining the next trend.<\/p>\n

\"btc_price_chart_1502251\"<\/a>
Source: TradingView<\/figcaption><\/figure>\n

The 4-Hour Chart<\/h3>\n

Zooming into the 4-hour timeframe, Bitcoin\u2019s price action remains within a large bullish flag pattern. Currently, the price is hovering just above the pattern\u2019s lower boundary, a key level that must hold to sustain the bullish outlook. If support remains intact, the market could witness a breakout above the upper trendline, paving the way for a continuation of the uptrend.<\/p>\n

However, a failure to hold this level could accelerate selling pressure, potentially dragging the price toward the $90K mark or lower. Until a breakout occurs, traders should prepare for heightened volatility and cautious market movement.<\/p>\n

\"btc_price_chart_1502252\"<\/a>
Source: TradingView<\/figcaption><\/figure>\n

On-chain Analysis<\/h2>\n

By Shayan<\/a><\/p>\n

Bitcoin\u2019s prolonged consolidation near all-time highs can largely be attributed to substantial profit-taking by long-term investors. This trend is evident in the Long-Term Holder SOPR metric, which measures the profitability of coins held for over six months.<\/p>\n

The 30-day moving average of the Long-Term Holder SOPR suggests that long-term investors have been actively selling their holdings to secure profits. This selling pressure has played a significant role in Bitcoin\u2019s struggle to extend its rally. However, it\u2019s worth noting that these profit-taking levels remain lower than those observed last summer when Bitcoin was trading at lower price levels.<\/p>\n

If selling pressure eases, Bitcoin could gain the necessary momentum for a new leg higher, potentially breaking out of its current consolidation phase and aiming for new all-time highs.<\/p>\n

\"btc_long_term_holder_sopr_chart_1502251\"<\/a>
Source: CryptoQuant<\/figcaption><\/figure>\n

The post Bitcoin Price Analysis: How Likely is for BTC to Break Above $100K This Week?<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin is struggling to regain momentum, with its price action stagnating around the 100-day moving average. The current market structure suggests a pivotal moment, where a bullish rebound remains a strong possibility. Technical Analysis By Shayan The Daily Chart Bitcoin\u2019s price has been consolidating near the crucial 100-day moving average at $96K, with sellers attempting […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-13286","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13286"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13286\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}