- Mapping Bitcoin’s price prediction as BTC consolidated within $100K-$105K after Trump’s inauguration.
- Options traders eyed $90K and $96K as likely levels for potential drops.
After shaking off the early ‘disappointment’ from the Trump inauguration, Bitcoin [BTC] has defended the $100K level. In the past two days, the king coin has been swinging between $100K and $105K.
With key on-chain metrics suggesting a potential breakout from the overall price range, what’s next for BTC in the short term?
BTC extends price range
Source: BTC/USDT, TradingView
The recent price action was stuck in the upper range of $90K-$108K. Although bulls have previously used the 50-EMA (yellow) on the 4-hour chart for short-term re-entry, key chart indicators indicated increased weakening.
For instance, the Directional Movement Index (DMI), showed that short-term momentum has eased significantly (red line above green) and could embolden short-sellers.
Similarly, the 4-hour RSI slipped below 50 at press time, indicating muted demand, perhaps linked to caution post-inauguration.
The above bearish readings could endanger the $100K support and mid-range. If cracked, BTC could head lower to $96K or the range-lows at $92K.
Key BTC levels per liquidity
However, the liquidation heatmap disagreed with the above outlook. At press time, there was a massive pocket of liquidity (bright yellow) at $109K.
This meant several players were shorting the asset at the recent all-time high. By extension, the vast liquidity could act as a price magnet and drive prices upward. If so, then $100K could be defended again.
Source: Coinglass
That said, the Futures market remained bullish despite cautious sentiment in the spot markets.
According to the Options trading desk, QCP Capital, there were more bullish bets than bearish plays on the Futures side. It stated,
“Meanwhile, BTC futures continue to trend upward, especially on the front end, as market’s net-long exposure from last week remains solid. Bullish bets currently outpace bearish ones by a ratio of approximately 20:1.”
AMBCrypto checked Deribit’s next key Options’ expiry (31st January) for more insights. The $110K and $120K had the highest Open Interest for calls (bullish bets), marking them as key bullish targets by the end of January.
Source: Deribit
Read Bitcoin [BTC] Price Prediction 2025-2026
On the downside, $90K (highest puts, bearish bets) and the max pain point of $96K were key levels expected by Options traders for potential sharp drops.
Simply put, the market expects price swings within the $90K-108K range, with a possible deviation to $110K.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
