Bitcoin Plunges Below $100K Despite Positive Coinbase Premium Signal – What’s Next?

Share This Post

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.

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.

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.

Bitcoin (BTC) price Chart on TradingView

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.

This support zone remains essential for stabilizing Bitcoin’s 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.

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.

Bitcoin price chart.

Featured image created with DALL-E, Chart from TradingView

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Solana Price Dips 5% but New Layer-2 Project Solaxy Nears $10M in ICO – New SOL Alternative?

Solana’s is going through a rough patch right now The SOL token has taken another hit, falling 5% in the past 24 hours to $190 But there’s still one bright spot in the Solana ecosystem

Crypto Market Plunging Down: Is Ethereum Sliding Below $3000 as Bitcoin Heads to $88,000?

The post Crypto Market Plunging Down: Is Ethereum Sliding Below $3000 as Bitcoin Heads to $88,000 appeared first on Coinpedia Fintech News The crypto markets are plunging down! Bitcoin formed lows

Standard Chartered obtains crypto custody license in Luxembourg under MiCA framework

Standard Chartered has obtained a license to provide crypto custody services in Luxembourg, according to a Jan 9 statement The approval falls under the Markets in Crypto-Assets (MiCA) framework,

The 3 Best Cryptos of 2025 to Buy Now and Avoid Missing Out Forever

The post The 3 Best Cryptos of 2025 to Buy Now and Avoid Missing Out Forever appeared first on Coinpedia Fintech News Investors are eager to find tokens that are sound and rich in growth

Crypto Boom Alert – New Solana Token Targets x1,200 Growth and Could Surpass ADA and TRX Recent Growth!

The post Crypto Boom Alert – New Solana Token Targets x1,200 Growth and Could Surpass ADA and TRX Recent Growth! appeared first on Coinpedia Fintech News In the midst of a bullish crypto

Crypto Boom Alert – New Solana Token Targets x1,200 Growth and Could Surpass ADA and TRX Recent Growth!

The post Crypto Boom Alert – New Solana Token Targets x1,200 Growth and Could Surpass ADA and TRX Recent Growth! appeared first on Coinpedia Fintech News In the midst of a bullish crypto