Bitcoin enters the classic accumulation stage because the basic principles outweigh guesses – Insights
A few hours ago, Bitcoin is trading above its short-term high after earning the $87,000 level. This move shows that strength increases between the bulls, but a comprehensive bullish reversal can only be confirmed once higher resistance levels break down. Global tensions remain high, and the trade war between the United States and China continues to weigh on financial markets. Despite this macro uncertainty, Bitcoin seems to be stabilizing and preparing for a possible breakthrough.
Axel Adler, a top crypto analyst, shared new insights that support this view. As of today, although the price (RP) realized by Bitcoin’s “foundation” has been gradually rising since February 2025. Meanwhile, speculative premiums (measured by MVRV ratios) are being compressed, with the annual rate of return on the network fluctuating around 46%. According to Adler, these indicators are consistent with the classic accumulation phase – when the rationale is still strong, but emotionally lags.
This imbalance usually brings conditions to the next bullish expansion. If investors’ confidence returns and macroeconomic situations are stable, Bitcoin can be prepared for a major breakthrough. For now, all eyes are focused on whether BTC can hold over $87K and push to new highs.
Bitcoin enters critical week with key resistance levels
Bitcoin now faces critical resistance after retrieving its short-term highs, which could be key this week. After a tight integration range last week, the Bulls are positioned as breakthroughs as sales pressure fades out and broader markets try to stabilize. This tone has changed as the key support level of Bitcoin holdings approaches $87,000 – and may be cautiously optimistic about the worst.
Axel Adler shares the compelling on-chain failures that support bullish cases. According to Adler, the price (RP) realized by Bitcoin’s “foundation” continues to rise steadily, with only a small decline in local areas since February 2025. Meanwhile, speculative premium measured by MVRV ratios is being compressed. Combined with a stable annual network return of about 46%, suggesting that Bitcoin is in the classic accumulation stage.
In the cumulative stage, fundamentals outweigh emotions. When market psychology finally catches up, imbalances often lead to explosive rises. Adler also noted that the local decline in Yoi RP indicated that the coins were moved to hands on a lower cost basis, an indicator of surrender and long-term positioning.
Currently, Yoy RP is about 61%, which means the network continues to accumulate capital, despite the slower pace. Although new funds are still inflows, it reflects the October 2024 levels – capital inflows are healthy, but patient. If emotions change, Bitcoin may be ready to get out of resistance and start a new leg upward.
BTC stays above key level: Bull Eye $90K Breakthrough
Bitcoin traded at $87,000 after it retracted its 200-day exponential moving average (EMA), marking a new bullish momentum. Price is now testing the 200-day simple moving average (MA) close to $88,000, a level that has played strong resistance in recent months. The bulls must push up this barrier to confirm strength and lay the foundation for sustainable recovery.
If BTC manages to break and stay above the $90,000 level, it will mark an important technological milestone, validating a trend reversal and potentially triggering a surge in new highs. This breakthrough could also attract retail capital and reignite retail and institutional interests due to wider market volatility.
However, bullish situations depend on subsequent events. If Bitcoin cannot recouple $90K decisively, the rally may disappear and the market may re-enter the correction phase. A breakdown below $8.4K will put $80K support at risk, and if the level fails to hold, it may fall further.
Currently, BTC is still at a critical junction. The next few trading sessions will be decisive, determining if the Bulls have enough strength to gain an advantage, or if another leg is coming.
Featured images from DALL-E, charts from TradingView
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