Bitcoin Active Addresses Fall After Losing $100K—Bullish Pattern Amid Volatility?
After briefly reaching $100K, Bitcoin has experienced heavy selling pressure in just three days. The quick reversal puts investors on edge as BTC attempts to stabilize around $95K. This crucial support zone will determine whether BTC recovers or corrects more in the next days.
Top researcher Axel Adler has revealed a worrying Bitcoin network activity pattern on X. Since passing $101K, Adler says the average weekly change in Bitcoin network active addresses has decreased to very low numbers. Market involvement is commonly measured by this statistic, which signals declining momentum and decreasing demand.
All eyes are on Bitcoin's capacity to hold $95K and attract new buyers amid market volatility. Analysts caution that failure to maintain support here might cause more falls.
A Critical Moment for Bitcoin
After falling below $100K, Bitcoin is at a crucial period. Investors and experts are watching the $92K support level, which might decide whether BTC recovers or continues its decline after this sudden dip.
The crypto community is cautiously hopeful as market sentiment anticipates a positive surge in the coming weeks. BTC must first build a strong base over $92K to reestablish investor trust. A comeback might lead to another effort to surpass $100K, but failing to maintain crucial support could suggest additional falls.
Test Critical Demand
After falling 7% from $102,300, Bitcoin is now at $95,000. Bitcoin bulls must sustain strength and the bullish structure of prior weeks at this level. Maintaining above this zone is crucial for a recovery and another try to recapture $100K.
The present consolidation is crucial for BTC, analysts say. If bulls stabilize at $95K and regain impetus, recovery may begin. Failure to retain $92K would increase the risk of consolidation or a harsher decline. Bitcoin's path will depend on trade volumes and market mood in the next days$SOL $BTC
