The number of active Bitcoin addresses has soared to a six-month high, with on-chain activity off the charts, over 925,000 addresses are active, clearly not a retail-driven market.
The price is fluctuating around $95,000, just a step away from $100,000, with key resistance at $98,290 and support at $96,160, a breakout could happen at any time.
RSI is approaching overbought territory, there may be short-term washout risks, but SMA is strengthening, and the bullish trend remains intact.
On-chain and technical resonance, is this wave a trap for the bulls or a run to $100,000?
