Bitcoin is currently consolidating below the $125,000 level after a sharp correction that pushed the price down to $120,000, a key psychological and technical area of support. Despite the recent volatility, bulls are showing resilience, holding price levels that suggest the broader uptrend remains intact. However, uncertainty persists as some analysts warn that a deeper correction toward lower demand zones could still occur before the next leg higher.

Interestingly, onchain data provides a more optimistic signal. Metrics indicate that Bitcoin miners are not in a hurry to sell, suggesting strong conviction in the market’s long-term trajectory. This stability from miners — historically one of the largest sources of selling pressure — reflects growing confidence in the sustainability of curr

See Full Page