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A slow recovery. As Bitcoin struggled to establish a strong footing above the 100-hourly simple moving average, technical indicators point to increasingly bearish sentiments. However, on-chain metrics suggest that fundamentals remain hopeful. The massive price correction has not shattered on-chain support but instead created strong price validation above the $1 trillion milestone — 14% of the supply has been moved above the $1 trillion market cap, forming a formidable price wall. The bottom is near, if the price is not already on the trajectory to bounce back, seize it while you can.