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BTC
$102,117
3.42%
ETH
$3,673.90
0.74%
XRP
$2.41
0.51%
USDT
$1.00
0.06%
BNB
$737.45
3.80%
SOL
$218.25
1.89%
DOGE
$0.3862
0.77%
USDC
$0.9996
0.03%
ADA
$1.09
0.10%
STETH
$3,671.20
0.93%
TRX
$0.2683
2.14%
AVAX
$43.78
1.79%
LINK
$23.71
0.50%
TON
$5.69
0.22%
SHIB
$0.00002395
0.04%
WBTC
$100,850.24
0.96%
DOT
$7.72
0.42%
BCH
$479.70
1.78%
LEO
$9.06
0.68%
NEAR
$5.95
0.47%
BTC
$102,117
3.42%
ETH
$3,673.90
0.74%
XRP
$2.41
0.51%
USDT
$1.00
0.06%
BNB
$737.45
3.80%
SOL
$218.25
1.89%
DOGE
$0.3862
0.77%
USDC
$0.9996
0.03%
ADA
$1.09
0.10%
STETH
$3,671.20
0.93%
TRX
$0.2683
2.14%
AVAX
$43.78
1.79%
LINK
$23.71
0.50%
TON
$5.69
0.22%
SHIB
$0.00002395
0.04%
WBTC
$100,850.24
0.96%
DOT
$7.72
0.42%
BCH
$479.70
1.78%
LEO
$9.06
0.68%
NEAR
$5.95
0.47%
BTC
$102,117
3.42%
ETH
$3,673.90
0.74%
XRP
$2.41
0.51%
USDT
$1.00
0.06%
BNB
$737.45
3.80%
SOL
$218.25
1.89%
DOGE
$0.3862
0.77%
USDC
$0.9996
0.03%
ADA
$1.09
0.10%
STETH
$3,671.20
0.93%
TRX
$0.2683
2.14%
AVAX
$43.78
1.79%
LINK
$23.71
0.50%
TON
$5.69
0.22%
SHIB
$0.00002395
0.04%
WBTC
$100,850.24
0.96%
DOT
$7.72
0.42%
BCH
$479.70
1.78%
LEO
$9.06
0.68%
NEAR
$5.95
0.47%
BTC
$102,117
3.42%
ETH
$3,673.90
0.74%
XRP
$2.41
0.51%
USDT
$1.00
0.06%
BNB
$737.45
3.80%
SOL
$218.25
1.89%
DOGE
$0.3862
0.77%
USDC
$0.9996
0.03%
ADA
$1.09
0.10%
STETH
$3,671.20
0.93%
TRX
$0.2683
2.14%
AVAX
$43.78
1.79%
LINK
$23.71
0.50%
TON
$5.69
0.22%
SHIB
$0.00002395
0.04%
WBTC
$100,850.24
0.96%
DOT
$7.72
0.42%
BCH
$479.70
1.78%
LEO
$9.06
0.68%
NEAR
$5.95
0.47%
USD

Ad
Biraajmaan Tamuly
4 hours ago


BITCOIN TRADERS TARGET $138K BTC PRICE AFTER COINBASE PREMIUM HITS ‘BREAKEVEN
POINT’

The return of the Bitcoin “Coinbase premium” could be a sign that BTC price is
on the path to $138,000.

6542 Total views
3 Total shares
Listen to article
4:15

Market Analysis
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Bitcoin’s BTC $102,111 rice is up 8.5% in 2025, with the collective crypto
market turning bullish ahead of President-elect Donald Trump’s inauguration on
Jan. 20.

Bitcoin 1-month chart. Source: Cointelegraph/TradingView

With BTC breaking past $100,000 yet again, multiple analysts presented new
all-time high targets for the largest crypto asset in the coming days.


COULD BITCOIN HIT $138K IN FEBRUARY?

Bitcoin closed a daily candle above $100,000 for the first time on Dec. 8, but
since then, it has been above the six-figure level for only six days. A daily
close above $100,000 will be a pivotal turn, and Posty, a crypto trader, said
that BTC’s current price action reflects its bullish rally from Q1, 2021.

Bitcoin analysis by Posty. Source: X.com

After considering the laws of diminishing returns over a period of four years,
the trader believed that if BTC continued to follow its previous cycle pattern,
Bitcoin would be valued at around $138,000 in February.

Meanwhile, Cryptochimpanz, a Bitcoin proponent, believed that BTC’s monthly
chart illustrated a “nasty” setup from its previous bull run. The trader said,

> “If we follow a similar path, the price of Bitcoin can go as high as $200k.”

Bitcoin percent supply in Profit by Axel Adler Jr. Source: X.com

Additionally, Axel Adler Jr. highlighted that 90% of the total Bitcoin supply is
currently in profit. The Bitcoin researcher explained that unless there is a
“black swan” in the current cycle, BTC drawdowns could be minimal and emulate
its 2017 bull run, rather than 2021, when China’s BTC mining ban momentarily
halted the rally.

Related: Why is Bitcoin price up today?


BITCOIN’S COINBASE PREMIUM AT BREAKEVEN POINT

After a period of rigorous selling between Dec. 18 and Jan. 2, Bitcoin’s
Coinbase premium has returned to a neutral index, as recorded on Jan. 4. In a
recent quick-take post on CryptoQuant, IT Tech, an anonymous Bitcoin analyst
explained that the premium increasing back to a breakeven point shows that
“sentiment by the US and institutional investors is back.”

Bitcoin Coinbase Premium Index. Source: CryptoQuant

However, it is important to remember that the Coinbase premium largely tracks US
retail investor sentiment rather than institutional sentiment.

On the contrary, Cointelegraph earlier reported that overall Bitcoin retail
investors’ transaction volumes have dropped significantly since BTC reached
$108,000 last month.

The rolling 30-day change in retail-sized transaction volumes under $10,000 has
dropped to lows, which was last witnessed in September 2024. With the variation
dropping under -10%, Darkfost, an onchain analyst, said that it means retail
interest had dropped significantly, but it opens an ideal buying opportunity
over the long term.

From a technical perspective, Bitcoin has undergone a bullish break of structure
(BOS) after it closed a daily candle above $97,000 last week.

Bitcoin 12-hour chart analysis by Crypto Scient. Source: X.com

Its’ current break above $100,000 is a positive sign, but Crypto Scient, a
markets trader, emphasized that $100,000 remained a key inflection point for
Bitcoin. The trader said,

> “$BTC, Unless we breach $99k and flip it to support, I think we will see lower
> prices in Jan. Pretty simple triggers for me here: Break and flip $99k or
> retest or $90-88k zone.”

Related: Back to $76K for 2025? 5 Things to know in Bitcoin this week

This article is for general information purposes and is not intended to be and
should not be taken as legal or investment advice. The views, thoughts, and
opinions expressed here are the author’s alone and do not necessarily reflect or
represent the views and opinions of Cointelegraph.

Explore more articles like this

Subscribe to the Markets Outlook newsletter

Get critical insights to spot investment opportunities, mitigate risks, and
refine your trading strategies. Delivered every Monday


Subscribe

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 * #Bitcoin
 * #Coinbase
 * #Dollar
 * #Bitcoin Price
 * #Markets
 * #Stocks
 * #Price Analysis
 * #Market Analysis


3 1 1
Read more
 * Price analysis 1/06: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, AVAX
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