๐ฃ Bitcoin Miners Offload Post-ATH โ But Bulls Absorb the Shock
Bitcoin is starting the week with growth and strong optimism after a weekend of consolidation around $112,000. BTC has a solid technical structure around $110K, and many experts expect the next step higher. Bitcoin is flirting with price discovery again as volatility tightens and the market strengthens.
Top analyst Axel Adler said that miners boosted exchange BTC sales following the ATH. The average daily inflow of 25 BTC has quadrupled to 50 BTC, implying profit-taking.
Bitcoin is poised for an explosive era as market mood rises. BTC is in a solid upswing, trading just below its all-time high above $112,000, and the following days will likely determine if the next leg higher has begun.
Adler revealed miner activity that may affect short-term price movement. Since Bitcoin's ATH, miner inflows to exchanges have increased from 25 to 50 BTC per day. This implies an increase in selling, although Adler cautions that these levels are still significantly below previous high of 100 BTC per day.
The 4-hour chart shows Bitcoin stabilizing around $109,676, slightly below its all-time high at $112,000. After a short reversal from local highs, BTC has formed higher lows and stayed above major moving averages. The 34 EMA (green) at $108,639 provides dynamic support, while the 50 and 100 SMAs (purple and blue) at $108,271 and $105,958 safeguard downside.
Volume has dropped during this consolidation, suggesting a momentary stop rather than a reversal. Price is safely above $103,600, a key support level for further pullbacks. If this zone holds, the uptrend continues.
Bulls must retake $111Kโ$112K with volume to prove continuation. If this resistance breaks, the following impulsive step up is probable. Bitcoin is consolidating bullishly, with strong support levels anchoring price activity until a decisive move.
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