Bitcoin Finds Strong Support at $84K: New Floor?

Generally, You should be aware that Bitcoin has found strong support at $84,000. Obviously, This level is critical because it has been tested multiple times in the past. Normally, Bitcoin experiences brief dips but quickly rebounds, like it did earlier this week. Currently, Bitcoin is trading around $91,300, which is a 2% decline over the past 24 hours.
Usually, Analysts are looking at data from Glassnode, which shows that approximately 300,648 BTC were acquired between $84,375 and $84,635 as of December 3, 2025. Apparently, This substantial accumulation indicates strong interest from long-term holders.
Normally, 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. Sometimes, Historically, SOPR tends to fall below 1 during accumulation phases and near 0.50 at deeper cycle lows.

Significant Accumulation at $84K

Actually, You need to understand that the $84,000 zone is a critical support level. Mostly, Bitcoin has experienced a brief dip below $84,000 earlier this week but quickly rebounded. Actually, 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.
Generally, Analyst Ali Martinez noted that dollar-cost averaging becomes attractive when SOPR drops below 1. Usually, This is something you should consider when making investment decisions.

Profit-Taking Phase

Obviously, You are in a profit-taking phase, which is characterized by long-term holders selling their coins at a profit. Normally, The Long-Term Holder SOPR (30-day average) is currently at 1.40. Sometimes, This indicates that long-term holders are taking profits, which can lead to a correction.
Generally, Historically, SOPR tends to fall below 1 during accumulation phases and near 0.50 at deeper cycle lows. Actually, This is something you should be aware of when making investment decisions.

Key Levels to Watch

Usually, You need to watch the $80,000 support level, which has held multiple times in the past. Apparently, Rebounds from this level have ranged from 31% to 48%. Sometimes, Analyst Rekt Capital highlighted that Bitcoin faced rejection from a long-term trendline, leading to a 36% pullback.
Normally, Previous rejections from this trendline resulted in corrections of 32% and 14%. Generally, The current recovery of 15% might indicate a weakening of this support area if the bounce remains limited.

Double Barrier Ahead

Actually, You are facing a “double barrier” consisting of a 3-year ascending trendline and a weekly bearish Fair Value Gap (FVG). Mostly, The price is currently below both levels, and bulls need to push through to reclaim momentum. Usually, Chart analysis from Titan of Crypto shows that this is a critical level.
Normally, You need to be aware of this level because it can lead to a correction. Sometimes, The bulls need to push through this level to reclaim momentum.

Resistance at $93.5K

Generally, You are looking at the $93,500 resistance level, which has been tested repeatedly in recent sessions. Actually, This level is crucial for determining whether Bitcoin will break out or reverse. Usually, Traders are closely monitoring this level.
Apparently, The $93,500 resistance level is a critical level that can determine the direction of Bitcoin. Sometimes, You should be aware of this level when making investment decisions.

Conclusion

Obviously, You need to be aware of the key levels and the profit-taking phase. Normally, Bitcoin is navigating these key levels, and market participants are keenly observing whether the $84,000 zone will hold as a new floor or if further volatility lies ahead. Generally, You should consider these factors when making investment decisions.