⚡ $BTC – IS THE BOTTOM JUST A BOUNCE BEFORE THE NEXT RISE?
• Bitcoin has strongly rebounded and is holding steady above $90,000, currently hesitating around 92.5k–93k – right at an important resistance area.
• Miners have changed their status:
• Previously: hashrate decreased, selling off – defensive sentiment.
• From 26/11 to 5/12: miners' reserves increased to ~1.8M BTC → less selling, supply tightening, reducing sell pressure.
• In the recent period: long-term + short-term holders sold heavily, active supply surged, mostly forced selling rather than peak distribution.
👉 History shows that the combo: active supply increase + hashrate decrease + heavy sell-off often appears near cyclical turning points, like in 2021 before BTC turned around for a long-term increase.
🔑 Upcoming decisive area:
• Dense resistance: $93,000–$95,000 – where stop orders and sell limits are piled up.
• If it can't break through → BTC is likely to retract below $90,000.
• If it can completely absorb the supply in this area → the current structure could become a springboard for a larger breakout.
📌 In summary:
• On-chain is showing: miners are accumulating again, sell pressure is decreasing, the context is similar to previous "phase transition" areas.
• The market is still risky, but the strong recovery scenario remains open, as long as BTC surpasses and holds above 95k.
