While uncertainty hangs over the global markets, a net signal emerges in terms of bitcoin: on-chain activity is racing. With almost a million addresses active in 24 hours, a higher for six months, attention has been refocusing on the fundamentals of the network. The BTC, after a peak at 97,000 dollars, oscillates around $ 94,000. This revival of intrigue activity: lasting effect or simple passenger excitement? Traders are sharpening their analyzes, and watching for the next impetus.
In short
- The Bitcoin network has recorded 925,914 addresses active in one day, a new record for six months.
- This revival of on-chain activity coincides with a crossing of the $ 97,000 threshold, relaunching speculation on a possible Bull Run.
- A Fair Value Gap Haussier between $ 94,200 and $ 95,000 could serve as a key support if buyers remain present.
- The market is at an inflection point: either a prosecution to $ 100,000, or a rejection under $ 94,000.
An on-chain activity in full effervescence
On May 3, analyst on-chain Ali Martinez published a major observation on the Bitcoin network via his X account (formerly Twitter):
The number of addresses active on the Bitcoin network has just reached a summit for six months, with 925,914 addresses in a single day.
This spectacular figure far exceeds recent averages, which confirms a net revival of interactions on the blockchain. The graph shared by Martinez Watches a progressive rise since the end of April, which culminates with this explosion of activity while the price of the BTC returned above 95,000 dollars.
This correlation between network activity and price movement could indicate a consolidation of a new structural support.
Such effervescence on-chain seems to be overlooked with a technical configuration that several analysts qualify as favorable. Tehthomas precise That a market figure identical to that of April is reproducing.
At the time, the break of a level of consolidation around $ 86,000 had led to a leap of $ 10,000. In addition, a similar structure emerges with the formation of a Fair Value Gap (FVG) between $ 94,200 and $ 95,000, considered a level of potential support. Here are the technical elements put forward:
- A recent break in the consolidation area around $ 95,000;
- The formation of a new FVG (liquidity imbalance zone) between $ 94,200 and $ 95,000;
- A technical scenario repeated similar to that of the April rally;
- The condition set: if this FVG is defended by buyers, ” The path to the $ 100,000 remains structurally intact».
This first sequence of analysis of the Bitcoin network, based on on-chain signals and bullish technical structures, poses a solid framework for the hypothesis of a new rally. However, other voices on the market temper this enthusiasm.
A technical obstacle to the height of ambitions?
If some analysts see in this dynamic an upward repetition, others call for caution. A contradictory analysis stresses that the current rebound could be only a corrective retirement, and not an impulsive momentum.
The Haussier movement seems to come up against an important technical resistance area, corresponding to a lower FVG between $ 97,000 and $ 97,450. This area coincides with the famous “Privileged technical fork”defined by Fibonacci levels 0.618 to 0.65. It is often interpreted as potentially trampling for too confident investors.
This strategic positioning of the price in a technical resistance zone reinforces uncertainty. The analysis on the BTC/USDT graph in 15 minutes shows that if Bitcoin fails to clearly cross this level, a relapse to the old range, located under $ 94,000, could take the traders on the wrong foot. This scenario would question the legitimacy of the current break, which would point out a possible“False signal Haussier”. For the time being, the BTC is maintained at $ 94,326, in the immediate vicinity of this critical area.
Looking beyond technical indicators, this configuration provides the extreme sensitivity of the market to ambiguous signals. A clear bullish confirmation could trigger an influx of capital, which would accentuate the push towards $ 100,000. However, conversely, a brutal rejection at these levels could crystallize a significant correction. For investors and observers, the next market decision, in this highly symbolic technical zone, will probably be decisive for the rest of the cycle.
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