 Bitcoin risks weeks of sideways moves amid $102K 'rejection' warning 
2025-01-16
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Bitcoin BTCUSD “likely” faces rejection at a key level even if it reclaims $100,000, new analysis says.
In an X post on Jan. 16, trading resource Stockmoney Lizards warned that BTCUSD has weeks of rangebound trading left.
$102,000 “hardest nut to crack” for BTC price
Bitcoin bounced firmly from two-month lows this week, but for Stockmoney Lizards, bulls are far from out of the woods.
Examining short-term BTC price action, it concluded that despite fresh taps of the $100,000 mark, the real resistance zone slightly higher up was in no mood to shift.
“BTC is entering a resistance zone (upper channel level),” it wrote alongside the 4-hour chart.

BTCUSD circled $99,000 at the time of writing, per data from Cointelegraph Markets Pro and TradingView, still buoyed by positive US inflation reports.
Despite the upcoming Presidental inauguration, however, Stockmoney Lizards saw little chance of a genuine bull market comeback in January.
“Conclusion: A rejection from here is likely, we expect BTC to continue trading in the 90 - 100k range in the next weeks,” it summarized.
Others saw similar difficulties with $102,000, among them the popular X trading account currently known as BigMike7335.
“$BTC must flip $102k into support to remove us from the threat of the triangle IMO,” it stated about 12-hour timeframes alongside a chart with various trading indicators.
Bitcoin traders call time on bear pattern
More optimistic takes, meanwhile, focused on the invalidation of a bearish head and shoulders uptrend reversal pattern on the daily chart.
“And just like that, head and shoulder breakdown sellers completely and utterly rekt,” fellow trader Bluntz announced to X followers.
For Tony “The Bull” Severino, the pattern had likewise become irrelevant.
“How many right shoulders need to fail before the market realizes this isn't a head and shoulders top in Bitcoin?” he queried.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.