Long-term Bitcoin Holders Quietly Accumulate BTC
- Surge in Holdings: Long-term Bitcoin holders have accumulated 4.37 million BTC, more than double the 2 million held in early 2024, indicating strong investor confidence despite declining market activity.
- Decline in Active Addresses: According to CryptoQuant, the number of active Bitcoin addresses is shrinking at the fastest rate in eight years, with the active address momentum metric dropping to -0.25, reflecting a significant decline in user participation that could impact market liquidity.
- Retail Investor Contributions: Retail-linked addresses alone added approximately 857,000 BTC, suggesting that retail investors continue to invest in a sluggish market, potentially providing support for future price movements.
- Improved Market Structure: The Bitcoin network activity index rose from 3,320 to 3,600, crossing above its 365-day moving average for the first time since December 2024, with analysts associating this threshold with the onset of a bull phase, even as prices remain below $70,000.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 64941.989 | 67703.995 | 70513.989 | 73275.995 | 76085.989 | 78847.995 | 81657.989 |
| Fibonacci | 67703.995 | 69832.499 | 71147.491 | 73275.995 | 75404.499 | 76719.491 | 78847.995 |
About BTC
About the author
