Рост индикатора «оживленности» биткоина предсказывает новые бычьи перспективы Translation: The Rise of Bitcoins Liveliness Indicator Forecasts New Bullish Prospects

The technical metric of «liveliness» for the leading cryptocurrency continues to rise, indicating increased buyer activity and signaling the potential for a rally revival. This was pointed out by the analyst known as TXMC.

This index represents a cumulative total (running total) calculated from all blockchain activity. The metric increases when coins are used in transactions and decreases when they are held, factoring in the asset age.

“Liveliness” typically climbs during a bullish trend, as supply shifts hands at higher prices, suggesting an influx of new invested capital, the expert noted.

According to TXMC, while the indicator is not a clear market signal, as it often changes much later than the price of the primary asset, it does point to positive trends.

Analyst James Check added that the liveliness level has been stuck in a narrow range for eight years.

“The bull cycle of 2017 was unique as it marked the first epic parabola with widespread [investor] participation, but also because many older coins were brought into the transactions for profit BCH,” he noted.

According to Check, new highs in the metric reveal how extreme the return of old dormant coins will be in 2025.

At the time of writing, the first cryptocurrency is trading at $89,400, with little price change over the past day.

Michael van de Poppe, founder of MN Trading, described any price movement within the range of $86,000 to $92,000 as “noise.” The analyst anticipates a breakout above this level but warned of the risk of a pullback to $80,000.

“Again, I don’t think Bitcoin is far from hitting a bottom, which should lead to a strong rally by year’s end, continuing into the next,” van de Poppe added.

It’s worth noting that top executives at Bitwise stated that the greatest threats to the leading cryptocurrency in the current market cycle are a potential bubble in the AI sector and U.S. regulations on digital assets.