{"id":9839,"date":"2025-01-27T11:31:42","date_gmt":"2025-01-27T11:31:42","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=9839"},"modified":"2025-01-27T11:31:42","modified_gmt":"2025-01-27T11:31:42","slug":"bitcoins-bull-run-could-be-tested-if-btc-falls-below-91k-van-straten","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=9839","title":{"rendered":"Bitcoin&#8217;s Bull Run Could be Tested if BTC Falls Below $91K: Van Straten"},"content":{"rendered":"<div>\n<p>Bitcoin (BTC) fell just below $98,000, a near 10% drawdown from all time highs, with investors questioning the continuation of the bull run. <\/p>\n<p>The fall was attributed to the concerns about China&#8217;s <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/01\/27\/analysis-ai-tokens-are-the-real-losers-of-the-deepseek-revolution\" target=\"_blank\">DeepSeek Artificial Intelligence<\/a> hyper-efficient model competing with the U.S. industry at a fraction of the cost.<\/p>\n<p>Since President Trump won the U.S. election, bitcoin has jumped from $66,000 to new all-time highs of $109,000. During the rally BTC corrected as much as 15% twice, in addition to multiple double-digit drawdowns. Therefore, bitcoin&#8217;s 10% drop seems in line with previous drawdowns.<\/p>\n<p>A reliable indicator of support during a bull market is the short-term holder cost basis, which is the average on-chain cost for coins that have moved within the last 155 days. This level is around $91,000 at the moment, which means if BTC falls below that point it could put a strain on the bull run. <\/p>\n<p>But bearish sentiment is already starting to heat up, as funding rates for bitcoin have started to go <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/01\/27\/bitcoin-funding-rates-flip-negative-as-nasdaq-futures-tank-700-points\" target=\"_blank\">negative<\/a>. Also <a href=\"https:\/\/x.com\/CryptoHayes\/status\/1883682137897099624\" target=\"_blank\">Arthur Hayes<\/a>, co-founder of Bitmex, is calling for a correction between $70,000-$75,000, before seeing $250,000. CoinDesk&#8217;s <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/01\/27\/bitcoin-may-be-double-topping-for-a-price-slide-to-usd75k\" target=\"_blank\">Omkar Godbole<\/a> also reported that bitcoin may drop to $75,000 should it trigger a so-called &#8216;double top&#8217; bearish reversal pattern.<\/p>\n<p>The drawdown hasn&#8217;t been contained to just crypto; U.S. markets are selling off, with Nasdaq futures down as much as 4%.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) fell just below $98,000, a near 10% drawdown from all time highs, with investors questioning the continuation of the bull run. The fall was attributed to the concerns about China&#8217;s DeepSeek Artificial Intelligence hyper-efficient model competing with the U.S. industry at a fraction of the cost. Since President Trump won the U.S. election, [&hellip;]<\/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-9839","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\/9839","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=9839"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/9839\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}