#Bitcoin trying to remain bullish market structure. Price took a short pull-back to the resistance, say retest. Now, its a strong decisional point, either price rejects hard and will made a new Lower Low or Break above for a potential new Higher High.
On January 1, miners bought approximately 3,600 BTC when it was selling at $16,700. Between January 5 and 11, they accumulated another 1,000 BTC when prices skyrocketed. But when the price of bitcoin exceeded $20,000, it seems that the miners decided to take profits and sold 4,000 BTC since January 12.