Is BTC About to Break Below $100K After Recent Rejection?

By: bitcoin ethereum news|2025/05/15 16:15:05
0
Share
copy
Bitcoin has recently approached its all-time high of $109K, demonstrating strong bullish momentum. However, the rally has temporarily paused, suggesting a potential consolidation or corrective phase before the next breakout attempt. Technical Analysis The Daily Chart Bitcoin extended its sharp upward move after breaking above the key psychological resistance at $100K, climbing toward its all-time high of $109K. Yet, the bullish momentum has stalled at this critical region, with the price entering a brief consolidation. This resistance zone likely contains a substantial supply, as traders begin to realize profits and anticipate a corrective phase. Given the current market structure, a short-term retracement or sideways consolidation toward the $100K support level appears likely before any attempt at a decisive breakout above $109K to establish a new ATH. The 4-Hour Chart On the 4-hour timeframe, Bitcoin’s weakness around the $109K resistance becomes more apparent. After testing this level, the price has gradually lost momentum, forming a consolidation pattern that resembles a potential double-top. Moreover, a clear bearish divergence between the price and the RSI suggests that sellers are gaining traction as bullish momentum fades. These signals point toward a likely short-term correction or consolidation around the $100K zone before the market regains strength for another breakout attempt. On-chain Analysis By ShayanMarkets While Bitcoin neared its all-time high around $109K, profit-taking activity is expected as traders look to secure gains. Consequently, BTC’s extended consolidation near ATH levels can largely be attributed to significant profit realization by market participants. However, the recent behavior of long-term holders (LTHs), investors who have held their assets for over 150 days, tells a different story, as reflected in the LTH SOPR (Spent Output Profit Ratio) metric. It has been trending downward even as the price approached the $109K range. This decline suggests that long-term holders have not yet engaged in notable profit-taking. Instead, they appear to be accumulating, signaling confidence in higher price targets and anticipating new all-time highs. Therefore, the current consolidation phase seems to be primarily driven by short-term holders and retail traders. Based on this behavior, Bitcoin is likely to resume its bullish trend following this pause, potentially leading to a fresh impulsive rally and new all-time highs in the mid-term. LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin! Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information. Cryptocurrency charts by TradingView. Source: https://cryptopotato.com/bitcoin-price-analysis-is-btc-about-to-break-below-100k-after-recent-rejection/

You may also like

Strategy Founder: The Next 10 Years of Bitcoin

In the next decade, the biggest evolution of Bitcoin is precisely "responding to change with invariance." The four-year cycle is giving way to capital flows such as ETFs, corporate and sovereign reserves, and bank credit, while digital credit and digital currency will grow layer upon layer on top of...

Forbes Special Report: Stablecoin cross-border payments are faster now, but not cheaper yet

Cross-border payments using stablecoins are rapidly expanding, bringing speed and accessibility, but due to insufficient institutional liquidity, they have not yet delivered on their promised cost savings. The technology has been validated, and regulations are improving, but the industry has not yet...

Li Feifei's latest long article: When video generation, robots, and NVIDIA all claim to be world models, we need a taxonomy

Language gives machines a way to talk about the world. The world model is the means by which machines ultimately understand, imagine, reason, and interact with it.

Blaming the desolation of the cryptocurrency world on the rise of AI is a form of intellectual laziness

The emergence of giants signifies a mature business model. Although it will reduce speculative space, there is also enough room for error, allowing for the continuous emergence of new forces.

The impact of OUSD on Circle, Tether, and Paxos: not a single negative factor, but a more complex reshaping of competition

OUSD will not be the last new competitor; Circle needs to respond more actively in terms of products, distribution, and ecosystem collaboration.

A valuation of 8 billion dollars, doubling in 8 months! What makes the crypto-friendly bank Erebor Bank stand out?

Erebor is a high-profile experiment taking place at the intersection of banking, cryptocurrency, and industrial policy.

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com