Bitcoin has been experiencing a volatile period, leading to many short-term investors exiting the market due to price fluctuations. On the other hand, long-term holders (LTHs) of the coin remain steadfast in their commitment and are striving to push Bitcoin's value back up to $85,000.

Recent reports by CryptoQuant analyst Burak Kesmeci indicate a positive shift in BTC's Long-Term Holder Net Position Change, reflecting a rise of around 12% since April 6. This metric tracks the buying and selling behaviors of LTHs and reveals their optimism or skepticism towards Bitcoin's future price movements.

The change to a positive value in BTC's Long-Term Holder Net Position Change signifies a notable shift. Previously, LTHs were consistently selling their coins, but the trend reversed after April 6. The increase in accumulation by LTHs has helped BTC surpass resistance levels, with the coin currently trading at $83,665.

Furthermore, the funding rate for BTC remains positive, indicating a bullish market sentiment where long traders are paying short traders. This suggests an optimistic outlook for BTC's price movement, with potential for a rally towards $85,000 to $87,730 if buying pressures continue. Conversely, a reversal in accumulation trends could lead to a price decline below $81,863, possibly dropping to $74,389.