Bitcoin Long-Term Holders Accumulate Near-Record Supply Amid Bullish Trends
Bitcoin long-term holders are accumulating at near-record levels as short-term traders exit the market. This trend has pushed the supply of unmoved Bitcoins to almost 15 million, with the majority of these coins having been untouched for over 155 days.
The price action is currently holding above both the EMA50 and EMA200 levels, with a MACD golden cross at 52.95 reinforcing the bullish structure. The Bollinger band is also indicating that BTC is within its neutral range, while the RSI sits at 53.06.
According to price prediction models, this sustained accumulation pattern historically buffers against crypto market crash scenarios. As a result, the next move for BTC targets upper resistance at $80,283.18 before any potential pullback to EMA50 support.