{"id":146292,"date":"2026-09-24T08:47:55","date_gmt":"2026-09-24T08:47:55","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=146292"},"modified":"2026-09-24T08:47:55","modified_gmt":"2026-09-24T08:47:55","slug":"3-reasons-bitcoins-bullish-trend-remains-intact-despite-the-drop-below-84k","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=146292","title":{"rendered":"3 Reasons Bitcoin\u2019s Bullish Trend Remains Intact Despite the Drop Below $84K"},"content":{"rendered":"
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The primary cryptocurrency rallied strongly earlier this week, briefly exceeding $87,000 for the first time since January. However, bulls couldn\u2019t sustain the momentum, and BTC retraced to the current $83,800 (per CoinGecko).<\/p>\n

While some might fear the bears are about to regain full control, three key factors suggest the asset remains positioned for further upside.<\/p>\n

Whales and More<\/h2>\n

BTC lost over $3,000 in value over the past 24 hours, yet institutional interest remains quite solid. Data shows that spot Bitcoin ETFs have posted five green days in a row, attracting more than $2.5 billion during that period. September 21 was the strongest day, when the financial vehicles accumulated almost $1 billion.<\/p>\n

\"Spot<\/a>
Spot BTC ETFs, Source: SoSoValue<\/figcaption><\/figure>\n

This development suggests pension funds, hedge funds, and other conservative investors have increased their exposure to the asset, setting the stage for further gains.<\/p>\n

Next on the list is the declining amount of BTC sitting on cryptocurrency exchanges. According to CryptoQuant, the figure has dropped to a four-month low of around 2.7 million, indicating that many investors have shifted from centralized platforms to self-custody solutions. This is considered a bullish sign since it reduces immediate selling pressure.<\/p>\n

\"BTC<\/a>
BTC Exchange Reserve, Source: CryptoQuant<\/figcaption><\/figure>\n

Last but not least, we shall mention the whale activity. The analytics platform Santiment revealed<\/a> that large investors (holding between 100 and 1,000 BTC) have purchased almost 114,000 units since mid-July. Their collective holdings have grown by 2.22% to roughly 5.24 million BTC, representing 26% of the asset\u2019s circulating supply.<\/p>\n

This aggressive accumulation matters because it leaves fewer coins available on the open market, which, combined with steady or rising demand, should trigger a price pump. It also signals strong confidence among these market participants and may encourage smaller players to follow suit, bringing fresh capital into the ecosystem.<\/p>\n

The Bull Market Has Begun?<\/h2>\n

Earlier this week, renowned analyst Ali Martinez outlined<\/a> several factors, such as rising activity on the BTC network and growing appetite for spot Bitcoin ETFs, suggesting the asset\u2019s price may continue its uptrend all the way to $100,000.<\/p>\n

Shortly after, he spotted<\/a> a double-bottom formation on the price chart, which signals that the $82,500 neckline is likely to hold as support, meaning that the $100K target remains in the cards.<\/p>\n

CryptoQuant\u2019s analysts have also weighed in. They noted<\/a> that BTC recently closed above its 365-day moving average (around $80,500) for the first time since March 2023. According to them, the development confirms the start of a new bull run, reminding that similar breaks in 2019 and 2023 have been precursors to major rallies.<\/p>\n

The post 3 Reasons Bitcoin\u2019s Bullish Trend Remains Intact Despite the Drop Below $84K<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The primary cryptocurrency rallied strongly earlier this week, briefly exceeding $87,000 for the first time since January. However, bulls couldn\u2019t sustain the momentum, and BTC retraced to the current $83,800 (per CoinGecko). While some might fear the bears are about to regain full control, three key factors suggest the asset remains positioned for further upside. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-146292","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/146292","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=146292"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/146292\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=146292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=146292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=146292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}