Bitcoin: Holders Stay Profitable in Bear Market

Bitcoin marks its first native bear market without closing below the realized price, leaving the average holder in profit throughout according to Glassnode on-chain metrics.

Price action at $84473.7 sits above the EMA50 support at $82557.92 and the deeper EMA200 at $77385.74, while the MACD death cross at 555.77 signals fading momentum even as RSI holds neutral at 53.61; with BTC trading inside the Bollinger bands, a test of upper resistance near $87425.09 remains possible before any retracement toward the lower band at $83297.24 or the 50-EMA confluence zone. This structure supports continued BTC price prediction models focused on holder resilience rather than capitulation and aligns with broader on-chain data analysis of sustained profitability.