Bitcoin Active Addresses Hit 6-Month High, Nearing $100K

Bitcoin’s network sees 925,914 active addresses in 24 hours on May 3, 2025.

This activity surge marks a six-month high, indicating user demand increases as Bitcoin approaches $100,000.

Bitcoin Network Surpasses 925,000 Active Addresses

The Bitcoin network recorded 925,914 unique active addresses, a significant milestone. This surge marks a six-month high in activity, coinciding with price consolidation below $97,000.

Noteworthy figures, such as analyst Ali Martinez, have emphasized the importance of breaking the key resistance level at $98,290. TradingShot noted recovery could target $106,000.

Positive Market Reaction as Price Nears $100,000

The surge in Bitcoin activity reflects a positive market sentiment, coinciding with consolidation near $97,000. Historical patterns suggest active addresses often herald significant price shifts.

Financial analysts highlight potential price movement above $100,000. Speculation centers around surpassing key technical resistance, suggesting a possible breakout in the near term.

Historical Data Suggests Impending Bullish Trend

Historically, Bitcoin has demonstrated consolidation before significant price upticks. Recent activity mirrors accumulation phases preceding bullish runs.

Analysis forecasts potential outcomes based on current trends, with experts suggesting historical patterns could inform future price momentum towards $100,000.