Bitcoin: On-Chain Signals Confirm Supply Tightening

Bitcoin on-chain metrics tracked by Binance Research show supply tightening and sell pressure exhausted, reinforcing the case for reduced distribution in the current cycle.

Price sits at $76822.92 inside the Bollinger Bands on the 4h chart, with upper resistance at $79188.07 capping moves while the EMA50 at $78782.62 and EMA200 at $77367.16 define overhead resistance in a bearish structure. The MACD death cross at -767.2 and RSI at 36.07 keep momentum neutral, pointing to a likely test of lower band support near $76204.85 before any sustained advance in BTC price prediction models.