Bitcoin’s network activity surged to its highest point in six months on May 2, 2025. On that day, more than 925,000 unique active addresses were recorded within 24 hours. This jump highlights renewed interest and increased participation in the Bitcoin blockchain.
What Caused the Spike?
The number of active Bitcoin addresses is a key indicator of how many users are engaging with the network. On May 2, this number reached 925,914, marking the strongest activity since late 2024.
Alongside this surge, Bitcoin’s price rose sharply from around $93,000 to over $97,000 in a single day. Trading volumes also increased significantly, showing that more people were buying, selling, or transferring Bitcoin.
Technical Signals and Market Impact
Technical indicators suggest a positive outlook. The TD Sequential indicator, which helps identify potential price reversals, showed buy signals around this time. Bitcoin’s price is currently consolidating near $95,000, with resistance at $98,290 and support at $96,160.
If Bitcoin breaks above the resistance level, it could push the price toward the $100,000 mark or higher.
| Metric | May 2, 2025 Value | Notes |
|---|---|---|
| Active Addresses (24h) | 925,914 | Highest in 6 months |
| Bitcoin Price | $93,000 → $97,000+ | Significant single-day increase |
| Trading Volume | Increased sharply | Reflects higher market activity |
| Resistance Level | $97,896 – $98,290 | Key breakout point |
| Support Level | $96,160 | Critical support |
What Could Affect the Price?
Resistance at $98,290 could hold, limiting upward movement. Broader economic factors like inflation or regulatory news might also influence Bitcoin’s price.
Key Takeaways
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Bitcoin’s network activity hit a six-month high on May 2, 2025.
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Price and trading volume surged alongside increased user engagement.
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Breaking resistance at $98,290 could lead to a push toward $100,000.
FAQs
Q: Why is network activity important?
- A: It shows how many users are active on the Bitcoin network, which can indicate demand and potential price changes.
Q: Is Bitcoin’s price expected to rise?
- A: Current data and technical signals suggest a rebound is likely, with $100,000 a possible near-term target.
Q: What might stop the price from rising?
- A: Resistance levels and economic uncertainty could limit gains.
Bitcoin’s network activity reaching a six-month high signals a more engaged market and potential for further price gains soon. Watching the $97,896 resistance level will be key to understanding Bitcoin’s next move.
