Bitcoin network activity spikes to a 6-month high; Is $100,000 next?

Summary⚈ Bitcoin network activity hits six-month high with over 925,000 active addresses, indicating rising investor interest⚈ Price consolidates between $96,160 support and $98,290 resistance, with potential breakout toward $100,000⚈ Market remains bullish with strong technicals and sentiment, though RSI signals slightly overbought conditions Bitcoin’s (BTC) network activity has reached a six-month high, a trend likely to support the asset’s ongoing push toward a six-figure valuation. Specifically, Bitcoin recorded 925,914 unique active addresses within 24 hours as of May 3, according to on-chain data shared by cryptocurrency analytics platform Glassnode. Bitcoin number of active addresses chart. Source: Glassnode Notably, the surging activity reflects heightened investor engagement and speculation that Bitcoin may be gearing up for a significant price move as it consolidates around the $95,000 level source: https://finbold.com/bitcoin-network-activity-spikes-to-a-6-month-high-is-100000-next/