Bitcoin recently tapped the $111K zone, sweeping buy-side liquidity before facing a sharp rejection. After a strong rally, the market now seems to be in pause mode, and both technical and on-chain indicators suggest that either a correction or a consolidation phase may follow. Traders are watching key levels to identify BTC’s next move.

Technical Analysis


🔹 Daily Chart Overview:

  • BTC faced heavy rejection from the $111K supply zone after taking out buy-side liquidity above the January–February highs.

  • Daily RSI has cooled off and now hovers around the neutral 50 zone, signaling a momentum pause.

  • The 100-day and 200-day moving averages remain bullishly aligned below the current price (in the $90K–$95K range).

  • A clear Fair Value Gap (FVG) exists between $101K and $98K, which might attract the price in the short-term or serve as a demand zone for a bullish rebound.

Despite the rejection, BTC still holds above the ascending trendline and key moving averages. As long as price stays above the $91K demand zone, the market structure remains bullish. A reaction off the FVG could mark a new higher low and potentially lead to another retest of the $111K–$114K resistance range.

4-Hour Chart Snapshot:

  • BTC has broken down from the ascending channel that had guided price action since early April.

  • This breakdown was followed by a rejection from $108K, turning former support into resistance.

  • RSI on the 4H chart is below 50, showing bearish momentum creeping in.

  • A visible range is forming between $102K and $108K. A breakdown below $102K could lead to a retest of $100K support.

However, reclaiming the $108K zone could invalidate the short-term bearish setup and open the path for another push toward $111K.

On-Chain Analysis – Adjusted SOPR (30-day EMA)

  • Bitcoin’s 30-day EMA of the Adjusted SOPR (aSOPR) remains well above the 1.0 level, showing that coins moving on-chain are being sold in profit.

  • This typically reflects growing investor confidence — people are selling to lock in gains, not out of panic.

  • But when aSOPR rises too aggressively, it can also mark local tops as short-term holders rush to realize profits.

  • A healthy uptrend would involve a brief cooldown in aSOPR (staying above 1.0), aligned with a pullback into a support zone — setting the stage for the next leg higher.

Final Thoughts:

While the long-term outlook remains bullish, Bitcoin is currently showing signs of weakness in the short term. A deeper correction or sideways consolidation could play out before another leg up. Long-term holders don’t need to worry yet, but short-term traders should watch $102K and $108K closely.

⚠️ Disclaimer:

This article is for informational purposes only and does not constitute financial advice. Always DYOR (Do Your Own Research). Crypto trading involves significant risk.



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