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Bitcoin Hits Record Active Addresses: Is The $100,000 Milestone Next?

By: cointribuneen|2025/05/05 17:30:01
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While uncertainty looms over global markets, a clear signal emerges at the bitcoin level: on-chain activity is booming. With nearly one million active addresses in 24 hours, a six-month high, attention is refocusing on the network’s fundamentals. BTC, after peaking at $97,000, hovers around $94,000. This resurgence in activity is intriguing: a lasting effect or just a temporary spike? Traders sharpen their analyses and watch for the next impulse. On-Chain Activity in Full Boil On May 3, on-chain analyst Ali Martinez published a major observation on the Bitcoin network via his X account (formerly Twitter): This spectacular figure far surpasses recent averages, confirming a clear resurgence in blockchain interactions. The chart shared by Martinez shows a gradual rise since the end of April, culminating with this explosion of activity as the BTC price returned above $95,000. This correlation between network activity and price movement could indicate the consolidation of a new structural support. Such on-chain effervescence seems to intertwine with a technical setup that several analysts qualify as favorable. TehThomas specifies that a market pattern identical to that of April is reproducing. At the time, the break of a consolidation level around $86,000 led to a jump of $10,000. Moreover, a similar structure emerges with the formation of a Fair Value Gap (FVG) between $94,200 and $95,000, considered a potential support level. Here are the technical elements highlighted: A recent breakout of the consolidation zone around $95,000; The formation of a new FVG (liquidity imbalance zone) between $94,200 and $95,000; A repeated technical scenario similar to April’s rally; The condition set: if this FVG is defended by buyers, “ the path to $100,000 remains structurally intact “. This first analytical sequence of the Bitcoin network, based on on-chain signals and bullish technical structures, lays a solid framework for the hypothesis of a new rally. However, other market voices temper this enthusiasm. A Technical Obstacle Matching Ambitions? While some analysts see this dynamic as a bullish repetition, others call for caution. A contradictory analysis points out that the current rebound might only be a corrective retracement, not an impulsive thrust. The bullish movement seems to hit an important technical resistance zone, corresponding to a bearish FVG located between $97,000 and $97,450. This zone coincides with the famous “preferred technical range” , defined by Fibonacci levels 0.618 to 0.65. It is often interpreted as potentially trapping for overconfident investors. This strategic positioning of price in a technical resistance zone reinforces uncertainty. The BTC/USDT 15-minute chart analysis shows that if bitcoin fails to clearly break through this threshold, a fallback to the former range below $94,000 could catch traders off guard. This scenario would call into question the legitimacy of the current breakout, signaling a possible “false bullish signal” . For now, BTC holds at $94,326, in the immediate vicinity of this critical zone. Looking beyond technical indicators, this configuration reveals the market’s extreme sensitivity to ambiguous signals. A clear bullish confirmation could trigger a capital influx, which would strengthen the push toward $100,000. However, conversely, a sharp rejection at these levels could crystallize a significant correction . For investors as well as observers, the next market decision in this highly symbolic technical zone will likely be decisive for the cycle’s continuation.

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