Bitcoin Miners Show Stability as BTC Rises 7.4% Above Last Difficulty Bottom

Bitcoin is experiencing increased volatility after surpassing the $115,000 mark. This indicates bullish strength following recent panic selling. Market sentiment is cautiously improving as buyers regain ground.

Key points include:

The % BTC price change since the last difficulty bottom stands at +7.4%, indicating miner health and market stability.
A positive reading suggests reduced risk of forced selling from weaker mining operations.
Current conditions are not euphoric but indicate a constructive environment for potential upward movement.

Miner Health Signals Neutral-to-Positive Market

Analyst Axel Adler reports that Bitcoin's miner health remains neutral-to-positive. Key observations are:

Price is above the last difficulty bottom, with no miner capitulation, reducing selling pressure.
The +7.4% reading shows moderate momentum but is distant from past peak conditions (+50% to +80%).
Factors to monitor include upcoming difficulty adjustments, hashprice, and miner reserves.

BTC Price Analysis: Resistance Levels

Bitcoin's 4-hour chart indicates attempts to sustain gains after reclaiming the $115,724 support level. Current analysis highlights:

Immediate resistance lies between $116,600–$116,700.
A breakout above this range could lead to $118,000–$118,500, with major resistance at $122,077.
Failure to hold above $115,724 may result in a pullback towards $114,000 or $112,500.

Overall, while recent movements above multiple SMAs signal positive short-term momentum, Bitcoin remains within a broader consolidation phase until decisively breaking above $118,000.