{"id":9285,"date":"2025-01-23T13:16:48","date_gmt":"2025-01-23T13:16:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=9285"},"modified":"2025-01-23T13:16:48","modified_gmt":"2025-01-23T13:16:48","slug":"bitcoin-price-analysis-warning-signs-of-a-btc-correction-ahead","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=9285","title":{"rendered":"Bitcoin Price Analysis: Warning Signs of a BTC Correction Ahead"},"content":{"rendered":"
\n

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

Technical Analysis<\/h2>\n

By Edris Derakhshi (TradingRage)<\/a><\/p>\n

The Daily Chart<\/h3>\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

The 4-Hour Chart<\/h3>\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

On-Chain Analysis<\/h2>\n

By Edris Derakhshi (TradingRage)<\/a><\/p>\n

Bitcoin Exchange Netflow<\/h3>\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>\n<\/div>\n","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":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-9285","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\/9285","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=9285"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/9285\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}