Bitcoin Corrects Sharply After New ATH, Is $136,000 Still in Sight?

Bitcoin has just reached a new all-time high but quickly faced a sharp correction, raising the question: is this merely a short-term pullback or the start of a deeper downtrend?

Bitcoin Corrects Sharply After New Ath, Is $136,000 Still In Sight

After setting a new all-time high at $123,000, Bitcoin (BTC) quickly faced a sharp correction, dropping to as low as $115,700. However, the decline was short-lived as BTC rebounded and is now stabilizing near its current price levels.

According to on-chain analysts, this appears to be just a short-term correction within a larger uptrend. Data from the Unrealized Profit metric for short-term holders (STH) suggests that BTC could still climb toward $136,000. On the flip side, in a bearish scenario, the price might return to the accumulation zone around $101,000.

Unrealized Profit Metric
Unrealized Profit Metric

Has Bitcoin Really Peaked Yet?

Despite recently hitting a record high, several indicators suggest Bitcoin hasn’t reached its true peak. One key metric is the Relative Unrealized Profit for short-term holders, which divides the market into three zones: neutral (blue), hot (yellow), and overheated (red).

Historically, local tops often appear when this metric enters the “hot” zone — as seen in January and April 2024. Currently, according to data from Glassnode, the index remains below the “hot” zone, implying that BTC still has room to grow.

In addition, the VWAP (Volume Weighted Average Price) continues to support the bullish trend, with BTC prices staying above the mid-term VWAP line — another positive signal for further upside.

How Many Days Until Bitcoin Peaks?

Optimal Signal From Bitcoin Vector
Optimal Signal From Bitcoin Vector

Based on the Optimal Signal indicator from Bitcoin Vector, Bitcoin is currently in day 12 of its ongoing bullish expansion cycle. In previous cycles, rallies typically lasted between 15 and 30 days. If history repeats, BTC could have another 3 to 18 days of upward momentum before entering a correction phase.

Bullish scenario: If the rally continues, BTC could surge to $136,000 — corresponding to the +2 standard deviation band in Glassnode’s short-term holder cost basis model. This level is often considered an “overheated” zone, potentially signaling a local top.

Bearish scenario: If BTC fails to maintain momentum, it could revisit a key support zone between $101,000 and $109,000. Should this zone break down, prices may decline further toward the $93,000–$97,000 range, temporarily pushing Bitcoin below the $100,000 mark.

Love

0.0/5

Love

Latest

Bitcoin Boom Ahead Institutional And Derivatives Data Reveal

News | Bitcoin | Editor Choice

Bitcoin Boom Ahead? Institutional and Derivatives Data Reveal

Market experts believe that Bitcoin (BTC) is in a phase of accumulation rather than topping, predicting a retest before the next explosive breakout.

Bnb Super Cycle – A Massive Rally Or Binance’s Next Big Bubble

News | Altcoin | Editor Choice

BNB Super Cycle – A Massive Rally or Binance’s Next Big Bubble?

Binance’s BNB token is heating up the crypto market with a series of new record highs, but amid the excitement of the so-called “Super Cycle,” many analysts warn it could just be a bubble waiting to burst.

Bitcoin Cools Off After Record Breaking Rally

News | Bitcoin | Editor Choice

Bitcoin Cools Off After Record-Breaking Rally

After a series of record-breaking gains, Bitcoin suddenly slipped more than 2% on Tuesday afternoon as a wave of profit-taking spread and investor caution returned to the crypto market.

Aster Accused Of Inflating Trading Volume, Token Price Drops 10%

News | Altcoin | Editor Choice

Aster Accused of Inflating Trading Volume, Token Price Drops 10%

The decentralized exchange Aster is facing heated controversy after being accused by DefiLlama of fabricating trading volume, causing the ASTER token to plunge sharply.

Bnb Price Surges Toward $2,000 Amid Altcoin Season Boom

News | Altcoin | Editor Choice

BNB Price Surges Toward $2,000 Amid Altcoin Season Boom

BNB continues to set new records as the altcoin season ignites, with investors eyeing the $2,000 milestone amid a wave of market optimism.

Screenshot 2025 09 10 100533