💣 Bitcoin Miners Cash Out After ATH—But Bulls Hold the Line
BTC Eyes Breakout as Consolidation Fuels Bullish Momentum
Bitcoin (BTC) is kicking off the week with bullish energy, holding strong just below its all-time high near $112,000 after a weekend of tight consolidation. Despite miners ramping up profit-taking, market optimism is surging—suggesting that the next explosive leg higher may already be in motion.
📊 Miners Take Profits, But Demand Absorbs the Pressure
Top analyst Axel Adler reports a doubling in daily BTC inflows to exchanges, rising from 25 to 50 BTC per day post-ATH. While this signals miner profit-taking, Adler stresses that the numbers remain well below past peak levels of 100 BTC/day—indicating the market is handling the sell pressure with strength.
> 🔍 “Miners are cashing in—but the market’s absorbing it. This isn't a reversal—it's a reload.” — Axel Adler
📈 BTC Technicals Point to a Breakout Setup
Bitcoin is currently stabilizing around $109,676, forming higher lows on the 4-hour chart and holding firmly above major moving averages:
✅ 34 EMA (green): $108,639 — dynamic support
✅ 50 SMA (purple): $108,271
✅ 100 SMA (blue): $105,958
🛡️ Key support zone: $103,600 remains intact
This structure indicates strength, not weakness. The low volume during consolidation is typical before major moves, suggesting the market is resting, not reversing.
🚀 Next Stop: Price Discovery?
To ignite the next phase of the bull run, BTC must reclaim the $111K–$112K resistance zone with conviction and volume. If that breaks, we could see an impulsive breakout toward new highs.