{"id":29775,"date":"2025-06-02T12:47:21","date_gmt":"2025-06-02T12:47:21","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=29775"},"modified":"2025-06-02T12:47:21","modified_gmt":"2025-06-02T12:47:21","slug":"bitcoin-price-analysis-btc-in-danger-of-prolonged-correction-after-recent-rejection","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=29775","title":{"rendered":"Bitcoin Price Analysis: BTC in Danger of Prolonged Correction After Recent Rejection"},"content":{"rendered":"
\n

Bitcoin recently tapped into the $111K zone, sweeping buy-side liquidity before showing signs of rejection. As the market pauses after a strong rally, technical and on-chain indicators suggest a potential pullback or consolidation phase, with traders now eyeing key levels for the next move.<\/p>\n

Technical Analysis<\/h2>\n

By ShayanMarkets<\/p>\n

The Daily Chart<\/h3>\n

BTC experienced a notable rejection from the $111K supply zone after capturing the buy-side liquidity above the January-February highs. This move triggered an immediate drop and initiated a correction, with current price action showing signs of potential continuation lower.<\/p>\n

The daily RSI has also cooled off and is now hovering around the neutral 50 zone, indicating a pause in momentum. The 100 and 200-day moving averages remain bullishly aligned below price (located in the $90K-$95K range), and there is a visible fair value gap (FVG) between $101K and $98K, which may act as a magnet for price in the short term, but can also act as a demand zone to push the asset higher after penetration.<\/p>\n

Yet, despite the rejection from the $111K level, the overall structure remains bullish with price still holding above the ascending trendline and moving averages. As long as the asset remains above the $91K demand zone, the buyers are still in control structurally. If the FVG gets filled and the reaction is strong, it could create a new higher low and set the stage for another attempt toward the $111K\u2013$114K resistance zone.\"\"<\/a><\/p>\n

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

Zooming into the 4H chart, BTC has broken below the ascending channel that had guided price action since early April. The breakdown was followed by a rejection from the $108K zone, suggesting that previous support has now turned into resistance.<\/p>\n

Moreover, the RSI on this timeframe is slightly below 50, pointing to bearish momentum gaining ground. There is also a clear range forming between $102K and $108K, with the price oscillating within it after the initial sell-off.<\/p>\n

Short-term traders should pay close attention to the mid-range and the recent swing lows near $102K. A break below this level could trigger a sharper move toward the $100K support level.<\/p>\n

On the flip side, reclaiming the $108K mark could invalidate the short-term bearish setup and open the doors for a retest of the range high and possibly $111K again. However, as things stand, the market is likely to go through a deeper correction in the coming days.\"\"<\/a><\/p>\n

On-Chain Analysis<\/h2>\n

Adjusted SOPR (30-day EMA)<\/h3>\n

The 30-day exponential moving average of Bitcoin\u2019s Adjusted SOPR (aSOPR) has been on the rise well above the 1.0 threshold, indicating that, on average, coins moving on-chain are doing so in profit.<\/p>\n

This generally reflects renewed investor confidence, as holders become more willing to sell at a profit rather than capitulate at a loss. Historically, sustained aSOPR values above 1.0 during uptrends support bullish continuation, especially when price corrections are shallow.<\/p>\n

However, the current reading also suggests the market is entering a more sensitive phase. When the aSOPR rises too aggressively, it often precedes local tops as short-term holders rush to realize profits. A healthy trend would see a slight aSOPR reset above 1.0, ideally aligning with a price pullback into a support zone, before the next leg up.<\/p>\n

The post Bitcoin Price Analysis: BTC in Danger of Prolonged Correction After Recent Rejection<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin recently tapped into the $111K zone, sweeping buy-side liquidity before showing signs of rejection. As the market pauses after a strong rally, technical and on-chain indicators suggest a potential pullback or consolidation phase, with traders now eyeing key levels for the next move. Technical Analysis By ShayanMarkets The Daily Chart BTC experienced a notable […]<\/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-29775","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\/29775","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=29775"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29775\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}