Major Bitcoin Metric Breaks 3-Month Downtrend Amid Bullish Network Recovery

Major Bitcoin Metric Breaks 3-Month Downtrend Amid Bullish Network Recovery


The Bitcoin on-chain metrics continue to show bullish signs that a parabolic breakout is imminent for the flagship crypto. The latest of these metrics is a significant turnaround in Bitcoin’s network activity, which could further provide bullish momentum for the crypto token. 

Bitcoin Sees Surge In Network Activity 

Crypto analyst Ali Martinez revealed in an X (formerly Twitter) post that the number of daily Bitcoin addresses had broken a downtrend that began on March 5. He added that 756,480 Bitcoin addresses have been active in the last 24 hours. Martinez claimed this development is a “positive sign” that Bitcoin’s bull run will continue. 

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Indeed, this development could trigger a run for Bitcoin as it suggests that more users are returning to the ecosystem. This

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