Bitcoin\u2019s recent price movements have brought attention to the $84,000 range, where a large amount of buying activity was recorded. This zone may now act as a key support level as traders assess whether the market has formed a new base.<\/p>\n
Data from Glassnode, shared by analyst Ali Martinez, shows that 300,648 BTC were acquired between $84,375 and $84,635 as of December 3, 2025. This level saw the highest concentration of accumulation during the recent pullback, making it a clear area of interest for long-term holders.<\/p>\n
300,648 Bitcoin $BTC<\/a> were accumulated around $84,400, making it a significant support level. pic.twitter.com\/i9FAqEpHMI<\/a><\/p>\n \u2014 Ali (@ali_charts) December 5, 2025<\/a><\/p>\n\n Earlier this week, Bitcoin dipped below $84,000 following a sharp decline but quickly recovered. As of press time, BTC trades at around $91,300, showing a 2% decline over the past 24 hours, but a slight increase over the past week.<\/p>\n Meanwhile, the Long-Term Holder SOPR (30-day average) is currently at 1.40, based on on-chain data. SOPR above 1 means long-term holders are selling their coins at a profit. SOPR tends to fall below 1 during accumulation phases and near 0.50 at deeper cycle lows. Ali stated<\/a>,<\/p>\n \u201cDollar-cost averaging makes sense when SOPR drops below 1.\u201d<\/p>\n With SOPR at elevated levels, the data suggests the market is in a profit-taking phase, not one of heavy accumulation.<\/p>\n Bitcoin saw its deepest pullback of the year, falling over 36% after being rejected by a long-term trendline, according<\/a> to analyst Rekt Capital. Previous rejections from the same trendline caused corrections of 32% and 14%, showing the strength of this resistance level.<\/p>\n Price support around $80,000 has held several times. Past rebounds from this area have reached 31% and 48%, though the current recovery stands at only 15%. Rekt Capital noted that if this bounce remains limited, it may suggest a weakening of the $80K support area.<\/p>\n Chart analysis from Titan of Crypto shows<\/a> Bitcoin facing a \u201cdouble barrier<\/em>\u201d consisting of the 3-year ascending trendline and a weekly bearish Fair Value Gap (FVG). The price is currently below both levels.<\/p>\n This zone now acts as resistance. Bulls need to push through the trendline and close the FVG to reclaim momentum.<\/p>\n \u201cThis is where bulls need to show strength,\u201d Titan said.<\/p>\n CryptoPotato<\/em> reported<\/a> that recent price movements and market signals could indicate Bitcoin is nearing the bottom range of its current cycle. Traders are monitoring<\/a> the $93,500 resistance level, which has been tested repeatedly in recent sessions, making it a key area to watch for a potential breakout or reversal.<\/p>\n The post 300,000 BTC Bought at $84K: New Floor for Bitcoin\u2019s Price?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin\u2019s recent price movements have brought attention to the $84,000 range, where a large amount of buying activity was recorded. This zone may now act as a key support level as traders assess whether the market has formed a new base. Heavy Accumulation Around $84,400 Data from Glassnode, shared by analyst Ali Martinez, shows that […]<\/p>\n","protected":false},"author":0,"featured_media":118161,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-118160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/118160"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=118160"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/118160\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/118161"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=118160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=118160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=118160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Trendline Rejection and $80K Support in Focus<\/h2>\n
Double Barrier Ahead: Trendline and FVG<\/h2>\n