Is the Bull Over in Bitcoin? Will It Continue: This Signal Explains It!

According to the latest data, a signal has come that will indicate that the bull will continue in Bitcoin. 

In his post on Twitter on June 9, cryptocurrency analyst Ali included a positive sign that the bull run in Bitcoin (BTC) will continue, using Santiment data.

The analyst said that the number of addresses that have decreased in Bitcoin since March 5 did not break the upward trend and made the following statements:

The number of daily Bitcoin addresses broke a downward trend that began on March 5. 765,480 BTC addresses became active in the last 24 hours. This increase in the network is a positive sign that the BTC bull run will continue.

The number of transactions on the Bitcoin network has overcome the downward trend and entered a new trend. According to on-chain analysts, the continued increase in Bitcoin addresses indicates that the rally in price will continue. Even though the number of active addresses alone is not enough for the price rise of Bitcoin and cryptocurrencies, it is an impressive point that it is usually in bull markets and on days of rises.