- The next Bitcoin local top is expected at a price of $89,200.
- ETH addresses holding 10,000+ coins increased by 3% in the last 3 weeks.
- In the past 24 hours, 765,480 BTC addresses were active, which is a positive sign.
According to crypto, stock, and real estate investor Ali Martinez, Bitcoin (BTC) may soon reach a new “local top” of $89,200; a short-term price peak that often precedes a period of consolidation or decline.
This forecast, which surpasses Bitcoin’s previous all-time high of $73,000, set in March 2024. This comes in the wake of renewed bullish sentiment in the crypto market, fueled by growing network activity and institutional interest.
Martinez further highlights a positive trend in Bitcoin’s network activity. The number of daily active Bitcoin addresses has recently broken a downtrend, with 765,480 addresses active in the past 24 hours, suggesting continued bullish momentum.
The number of daily #Bitcoin addresses has broken a downtrend that started on March 5!The post Local Top Ahead? Bitcoin’s Rally May Face a Speed Bump appeared first on Coin Edition.In the past 24 hours, 765,480 $BTC addresses were active. This surge in network activity is a positive sign tha…