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Is the Bull Run Over in Bitcoin? Will It Continue: Here's What This Signal Reveals!
According to the latest data, a signal indicating the continuation of the bull market in Bitcoin has emerged.
Crypto currency analyst Ali, in a tweet on June 9, referred to a positive sign that the bull run will continue in Bitcoin (BTC) by using Santiment data.
The analyst said that the trend of the number of addresses experiencing a decline in Bitcoin since March 5 has been broken upwards, and made the following statements:
The number of daily Bitcoin addresses broke a downward trend that started on March 5th. In the last 24 hours, 765,480 BTC addresses became active. 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 entered a new trend by overcoming the downward trend. According to on-chain analysts, the continuous increase in Bitcoin addresses indicates that the price rally will continue. Although the number of active addresses alone is not sufficient for the price increase of Bitcoin and cryptocurrencies, it is often an impressive point in bull markets and days of growth.