$BTC $ETH $XRP #BTC #MATIC #ETHMarketTrends it's CoinMarketCap data shows that the cryptocurrency is barely holding on to the $29,000 zone, and is trading at losses on the daily and weekly timeframes.

However, what if there were glaring signs that BTC is actually bullish, and may just be on its way to registering new highs?

The rise in Bitcoin’s number of new addresses

While the price of the cryptocurrency has been on the weaker side, with a correction from $32,000 to $29,000, Ali mentioned that the number of new BTC addresses being created is actually rising.

“This bullish divergence between price and network growth hints at a stable long-term BTC uptrend.” the analyst noted in the tweet. “Buy the dip!”

However, this drop will be followed very quickly, by a price recovery.

Given that the CPI (Consumer Price Index) release is coming up by next Thursday, the analyst notes that we may see a drop to $28,000 or thereabout.