{"id":672145,"date":"2025-01-08T09:00:36","date_gmt":"2025-01-08T09:00:36","guid":{"rendered":"https:\/\/wncen.com\/?p=672145"},"modified":"2025-01-07T16:17:59","modified_gmt":"2025-01-07T16:17:59","slug":"bitcoin-plunges-below-100k-despite-positive-coinbase-premium-signal-whats-next","status":"publish","type":"post","link":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-plunges-below-100k-despite-positive-coinbase-premium-signal-whats-next\/","title":{"rendered":"Bitcoin Plunges Below $100K Despite Positive Coinbase Premium Signal \u2013 What\u2019s Next?"},"content":{"rendered":"

Bitcoin (BTC) has seen bullish but unsteady price action in early 2025, with recent data<\/a> highlighting shifting sentiment among US investors. After briefly crossing the $102,000 mark yesterday, the asset has struggled to maintain upward momentum, shedding most of its recent gains as it stands at just below $100,000.<\/p>\n

These developments coincide with critical insights from key on-chain metrics that offer a clearer view<\/a> of Bitcoin’s short-term trajectory.<\/p>\n

Related Reading: Bitcoin Forms First Daily Death Cross On Dominance Chart In 4 Years, What To Expect Next<\/a><\/div>\n

Bitcoin’s Price Struggles Despite Positive Coinbase Premium Index Signal<\/h2>\n

A CryptoQuant analyst known as Burak Kesmeci recently shared insights on the Coinbase Premium Index (CPI), which turned positive for the first time in 2025. The CPI measures the price difference<\/a> between Bitcoin on Coinbase and other global exchanges, serving as a crucial indicator of US investor sentiment.<\/p>\n

\n

3 days ago, Coinbase Premium Index crossed SMA14 for the 1st time in 26 days\u2014Bitcoin is now up 4% to $102K.<\/p>\n

In Nov 2024, a similar move saw Bitcoin rally from $69K to $108K.<\/p>\n

U.S. buyers could be back in action. pic.twitter.com\/XtAlHUzzvv<\/a><\/p>\n

\u2014 CryptoQuant.com (@cryptoquant_com) January 6, 2025<\/a><\/p><\/blockquote>\n

Alongside this positive shift, a notable 4,012 BTC outflow from Coinbase was recorded, signaling renewed buying interest among US-based investors. Historically, such patterns have been associated with a rise in buying pressure, often laying the groundwork for potential price surges<\/a>.<\/p>\n

Despite these positive signals, Bitcoin’s price performance remains restrained. After briefly surpassing $102,000 on December 6, Bitcoin retreated and now trades below $100,000, reflecting a modest 3.3% decrease over the past 24 hours.<\/p>\n

\"Bitcoin
BTC price is moving upwards on the 2-hour chart. Source: BTC\/USDT on TradingView<\/a><\/figcaption><\/figure>\n

This price mark from the largest cryptocurrency by market capitalization puts it at approximately 8.9% below its all-time high of $108,135, achieved in December 2024.<\/p>\n

Bitcoin Faces Key Resistance Levels<\/h2>\n

Notably, the current price action from BTC suggests that while buying pressure<\/a> exists, it may not yet be sufficient to trigger another strong rally.<\/p>\n

According to cryptocurrency analyst Ali, Bitcoin maintains a critical support zone between $95,400 and $98,400, where over 1.77 million addresses collectively hold 1.53 million BTC.<\/p>\n

Related Reading: Bitcoin\u2019s Miner Sentiment Signals: Are We Nearing a Market Rebound?<\/a><\/div>\n

This support zone remains essential for stabilizing Bitcoin\u2019s price amid market uncertainty. Conversely, resistance appears limited, with only 107,000 BTC supply positioned between $104,700 and $105,770. This relatively thin resistance could pave the way for upward movement<\/a> if buying pressure intensifies.<\/p>\n

\n

#Bitcoin<\/a> sits well above an important support zone between $95,400 and $98,400, where 1.77 million addresses bought over 1.53 million $BTC<\/a>. However, there isn’t significant resistance ahead, only a minimal supply wall of 107,000 #BTC<\/a> between $104,700 and $105,770. pic.twitter.com\/MEATFegTV2<\/a><\/p>\n

\u2014 Ali (@ali_charts) January 7, 2025<\/a><\/p><\/blockquote>\n

Meanwhile, zooming out, analysts remain bullish overall on Bitcoin. Captain Faibik for instance has recently shared his outlook<\/a> on BTC suggesting that the asset is still poised for a rally to $112,000.<\/p>\n

\"Bitcoin
Bitcoin price chart. | Source: Captain Faibik on X<\/figcaption><\/figure>\n

Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) has seen bullish but unsteady price action in early 2025, with recent data highlighting shifting sentiment among US investors. After briefly crossing the $102,000 mark yesterday, the asset has struggled to maintain upward momentum, shedding most of its recent gains as it stands at just below $100,000. These developments coincide with critical insights from key on-chain metrics that offer a clearer view of Bitcoin’s short-term trajectory. Related Reading: Bitcoin Forms First Daily Death Cross On Dominance Chart In 4 Years, What To Expect Next Bitcoin’s Price Struggles Despite Positive Coinbase Premium Index Signal A CryptoQuant analyst known as Burak Kesmeci recently shared insights on the Coinbase Premium Index (CPI), which turned positive for the first time in 2025. The CPI measures the price difference between Bitcoin on Coinbase and other global exchanges, serving as a crucial indicator of US investor sentiment. 3 days ago, Coinbase Premium Index crossed SMA14 for the 1st time in 26 days\u2014Bitcoin is now up 4% to $102K. In Nov 2024, a similar move saw Bitcoin rally from $69K to $108K. U.S. buyers could be back in action. pic.twitter.com\/XtAlHUzzvv \u2014 CryptoQuant.com (@cryptoquant_com) January 6, 2025 Alongside this positive shift, a notable 4,012 BTC outflow from Coinbase was recorded, signaling renewed buying interest among US-based investors. Historically, such patterns have been associated with a rise in buying pressure, often laying the groundwork for potential price surges. Despite these positive signals, Bitcoin’s price performance remains restrained. After briefly surpassing $102,000 on December 6, Bitcoin retreated and now trades below $100,000, reflecting a modest 3.3% decrease over the past 24 hours. This price mark from the largest cryptocurrency by market capitalization puts it at approximately 8.9% below its all-time high of $108,135, achieved in December 2024. Bitcoin Faces Key Resistance Levels Notably, the current price action from BTC suggests that while buying pressure exists, it may not yet be sufficient to trigger another strong rally. According to cryptocurrency analyst Ali, Bitcoin maintains a critical support zone between $95,400 and $98,400, where over 1.77 million addresses collectively hold 1.53 million BTC. Related Reading: Bitcoin\u2019s Miner Sentiment Signals: Are We Nearing a Market Rebound? This support zone remains essential for stabilizing Bitcoin\u2019s price amid market uncertainty. Conversely, resistance appears limited, with only 107,000 BTC supply positioned between $104,700 and $105,770. This relatively thin resistance could pave the way for upward movement if buying pressure intensifies. #Bitcoin sits well above an important support zone between $95,400 and $98,400, where 1.77 million addresses bought over 1.53 million $BTC. However, there isn’t significant resistance ahead, only a minimal supply wall of 107,000 #BTC between $104,700 and $105,770. pic.twitter.com\/MEATFegTV2 \u2014 Ali (@ali_charts) January 7, 2025 Meanwhile, zooming out, analysts remain bullish overall on Bitcoin. Captain Faibik for instance has recently shared his outlook on BTC suggesting that the asset is still poised for a rally to $112,000. Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":672146,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[428,629,1119,78790,6664,10923,83531],"class_list":["post-672145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-market","tag-btc","tag-btcusdt","tag-crypto","tag-crypto-market","tag-cryptoquant"],"acf":[],"yoast_head":"\nBitcoin Plunges Below $100K Despite Positive Coinbase Premium Signal \u2013 What\u2019s Next?<\/title>\n<meta name=\"description\" content=\"Bitcoin (BTC) has seen bullish but unsteady price action in early 2025, with recent data highlighting shifting sentiment among US investors...\" \/>\n<meta name=\"robots\" content=\"index, follow, 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Plunges Below $100K Despite Positive Coinbase Premium Signal \u2013 What\u2019s Next?","url":"http:\/\/wncen.com\/bitcoin-news\/bitcoin-plunges-below-100k-despite-positive-coinbase-premium-signal-whats-next\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/bitcoin-news\/bitcoin-plunges-below-100k-despite-positive-coinbase-premium-signal-whats-next\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2025\/01\/DALL\u00b7E-2025-01-07-16.19.29-A-visually-striking-digital-illustration-depicting-Bitcoin-struggling-to-maintain-its-position-at-the-100000-price-level.-The-image-features-the-ico.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2025\/01\/DALL\u00b7E-2025-01-07-16.19.29-A-visually-striking-digital-illustration-depicting-Bitcoin-struggling-to-maintain-its-position-at-the-100000-price-level.-The-image-features-the-ico.jpg?fit=1024%2C1024"},"articleSection":"Bitcoin News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin market","btc","btcusdt","crypto","crypto market","cryptoquant"],"dateCreated":"2025-01-08T09:00:36Z","datePublished":"2025-01-08T09:00:36Z","dateModified":"2025-01-08T09:00:36Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Plunges Below $100K Despite Positive Coinbase Premium Signal \\u2013 What\\u2019s Next?\",\"url\":\"http:\\\/\\\/wncen.com\\\/bitcoin-news\\\/bitcoin-plunges-below-100k-despite-positive-coinbase-premium-signal-whats-next\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/bitcoin-news\\\/bitcoin-plunges-below-100k-despite-positive-coinbase-premium-signal-whats-next\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2025\\\/01\\\/DALL\\u00b7E-2025-01-07-16.19.29-A-visually-striking-digital-illustration-depicting-Bitcoin-struggling-to-maintain-its-position-at-the-100000-price-level.-The-image-features-the-ico.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2025\\\/01\\\/DALL\\u00b7E-2025-01-07-16.19.29-A-visually-striking-digital-illustration-depicting-Bitcoin-struggling-to-maintain-its-position-at-the-100000-price-level.-The-image-features-the-ico.jpg?fit=1024%2C1024\"},\"articleSection\":\"Bitcoin News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin market\",\"btc\",\"btcusdt\",\"crypto\",\"crypto market\",\"cryptoquant\"],\"dateCreated\":\"2025-01-08T09:00:36Z\",\"datePublished\":\"2025-01-08T09:00:36Z\",\"dateModified\":\"2025-01-08T09:00:36Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2025\/01\/DALL\u00b7E-2025-01-07-16.19.29-A-visually-striking-digital-illustration-depicting-Bitcoin-struggling-to-maintain-its-position-at-the-100000-price-level.-The-image-features-the-ico.jpg?fit=1024%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/672145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=672145"}],"version-history":[{"count":1,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/672145\/revisions"}],"predecessor-version":[{"id":672180,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/672145\/revisions\/672180"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/672146"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=672145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=672145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=672145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}