Is Bitcoin’s New Support Floor Set After 300,000 BTC Acquired at $84K?

Bitcoin recently saw a surge in purchasing activities, especially in the $84,000 range, suggesting a potential support level as the cryptocurrency revisits key resistance zones of approximately $93.5K amid profit-taking trends.

Heavy Accumulation Around $84,400

Information from analyst Ali Martinez via Glassnode indicates that over 300,648 BTC were collected between $84,375 and $84,635 as of December 3, 2025. This area has garnered significant buying interest during recent market corrections.

300,648 Bitcoin $BTC were accumulated around $84,400, making it a significant support level. pic.twitter.com/i9FAqEpHMI
— Ali (@ali_charts) December 5, 2025

This buying spree is perceived as a sign of traders evaluating the formation of a new support base. Presently, BTC is trading around $91,300, reflecting a minor 2% dip within a 24-hour period but showing an uptick compared to its performance over the past week.

Despite a brief decline below the $84,000 mark, Bitcoin swiftly rebounded, raising speculation around the stability of this support level. The Long-Term Holder SOPR (30-day average) currently stands at 1.40, indicating a selling trend among long-term holders.

Trendline Rejection and $80K Support in Focus

The cryptocurrency has faced a significant decline exceeding 36% this year after being opposed by a long-term trendline. According to analyst Rekt Capital, historical rejections from this resistance have led to corrections ranging from 14% to 32%.

Price support around $80,000 has been reliable in the past, with recoveries previously reaching 31% and 48%. However, the current rebound is modest at just 15%. If the recovery loses traction, it could indicate a weakening of the $80K support structure.

Double Barrier Ahead: Trendline and FVG

Chart analysis from Titan of Crypto indicates that Bitcoin is under pressure from a “double barrier” formed by a three-year rising trendline and a weekly bearish Fair Value Gap (FVG).

Both zones act as resistance, demanding that bulls must breach and maintain momentum through these levels to regain upward movement.

“This is where bulls need to show strength,” Titan commented.

CryptoPotato has reported that the latest price trends hint Bitcoin could be nearing the conclusion of its current cycle. Traders remain vigilant, particularly around the $93,500 resistance, which has been repeatedly tested.