Significant Accumulation at $84K
According to data from Glassnode shared by analyst Ali Martinez, approximately 300,648 BTC were acquired between $84,375 and $84,635 as of December 3, 2025. This substantial accumulation indicates strong interest from long‑term holders, making $84,400 a critical support level.
Bitcoin experienced a brief dip below $84,000 earlier this week but quickly rebounded. At the time of writing, Bitcoin is trading around $91,300, reflecting a 2% decline over the past 24 hours but a slight increase over the past week.
Profit‑Taking Phase
The Long‑Term Holder SOPR (30‑day average) is currently at 1.40, indicating that long‑term holders are selling their coins at a profit. Historically, SOPR tends to fall below 1 during accumulation phases and near 0.50 at deeper cycle lows. Martinez noted that dollar‑cost averaging becomes attractive when SOPR drops below 1.
Key Levels to Watch
Analyst Rekt Capital highlighted that Bitcoin faced rejection from a long‑term trendline, leading to a 36% pullback. Previous rejections from this trendline resulted in corrections of 32% and 14%. The $80,000 support level has held multiple times in the past, with rebounds ranging from 31% to 48%. However, the current recovery of 15% might indicate a weakening of this support area if the bounce remains limited.
Double Barrier Ahead
Chart analysis from Titan of Crypto shows that Bitcoin is facing a “double barrier” consisting of a 3‑year ascending trendline and a weekly bearish Fair Value Gap (FVG). The price is currently below both levels, and bulls need to push through to reclaim momentum.
Resistance at $93.5K
Traders are closely monitoring the $93,500 resistance level, which has been tested repeatedly in recent sessions. This level is crucial for determining whether Bitcoin will break out or reverse.
As Bitcoin navigates these key levels, market participants are keenly observing whether the $84,000 zone will hold as a new floor or if further volatility lies ahead.
