Bitcoin's price is struggling to sustain its rally above the $100K resistance level and may experience a short-term correction. If it fails to hold above $100K, a drop back to the $92K region could occur. The 4-hour timeframe shows choppy price action and a potential breakdown of the $100K level, with the RSI dropping below 50%. However, a positive signal is seen in the short-term holder SOPR, which indicates most profit-taking by short-term holders has already occurred, potentially leading to a supply shrink and higher prices in the future.
Content Editor ( cryptopotato.com )
- 2025-01-23
Bitcoin Price Analysis: Warning Signs of a BTC Correction Ahead
