Has The Bitcoin Price Hit Its Bottom? Key On-Chain Data Signals Potential Rebound Ahead

#BTCRebound90kNext? $BTC #Market_Update #CryptoNewss #CryptoAnalysis" Following a significant downturn that saw Bitcoin (BTC) plunge to the $80,000 mark on November 21, the leading cryptocurrency has managed to stabilize above this critical threshold for several days.

This development has sparked speculation about whether this level represents a short-term bottom and if a new upward trend might follow.

Potential Local Bottom For Bitcoin

According to analysis from CryptoQuant analyst Carmelo Aleman, on-chain data indicates a market landscape characterized by institutional redistribution, structural weakness, and signs of a rebound that may hint at a local bottom.