Glassnode: Conviction Buyers Accumulate Bitcoin

Glassnode data shows strong hands accumulating bitcoin as profit-taking slows and conviction buyers enter, forming a setup that mirrors the 2022 bottom when the largest increase in BTC held by these buyers occurred at the $60k January drop.

Current price action at $64750.08 holds above the EMA50 support level of $63791.65 and EMA200 at $63801.98 while the MACD golden cross at 324.19 reinforces bullish trend structure; with price pressing the upper Bollinger resistance of $64994.77 and RSI at 69.12, a measured retracement toward the lower band support near $62353.93 appears likely before continuation. Bitcoin accumulation patterns and crypto market bottom formation signals align with this technical confluence, supporting further BTC price prediction analysis amid ongoing holder conviction analysis.