Bitcoin: Bottom Building Advances Amid LTH Selloff

Bitcoin remains in deep value territory after five months below investor cost bases as LTH capitulation peaked at $280M/day while ETF flows stay net negative, according to @glassnode. Derivatives lean cautiously long yet the options surface continues to price downside risk, confirming the bottoming process is advancing but incomplete. With price testing upper Bollinger resistance at $64368.95 while RSI sits neutral at 41.86, a healthy retracement to the 50-EMA support at $62325.78 appears probable before any continuation higher, especially as the MACD death cross at 4.03 reinforces the bearish EMA200 wall at $64154.79 and lower band support at $61783.47 caps immediate volatility. Traders tracking BTC price prediction models now weigh this macro-technical confluence against lingering crypto market crash fears, while AI industry impact on on-chain analytics continues to sharpen these signals.