#BitcoinActivityPicksUp

The correction of BTC to $90K has attracted all headlines. But those who look deeper into the charts see a more important signal: the fundamental network activity of Bitcoin demonstrates steady growth. TXMC analyst points out this key dissonance, which often precedes strong movements.

Why is "network activity" the main argument in favor of a bullish trend?

Price is a snapshot of the market's mood at a given moment, often driven by speculation and liquidations. On-chain activity (on-chain) reflects objective data that shows actual usage:

· Growth in the number of active addresses — more participants are involved.
· Transaction volume and their transferred value (value transferred) — the value moving through the network is increasing.
· Stable or rising hash rate — indicates long-term investments by miners.

When these metrics strengthen amid a price correction, it’s a classic sign of accumulation (accumulation). Large players (whales) and long-term investors use dips to buy, which is confirmed by on-chain indicators.

Technical picture: consolidation before a directional decision

The BTC/USDT chart confirms the phase of uncertainty:

1. Key range: $86.5K (lower Bollinger band and support) — $94.1K (resistance).
2. Current position: Price near the middle Bollinger line (~$90.3K) — a point of balance.
3. Indicator signals (MACD, RSI, KDJ): neutral, typical for a consolidation period after a rally.

Scenarios and positioning

· Optimistic scenario: A breakout and consolidation above $94.1K amid high on-chain activity will confirm the strength of the bulls and open the way to new highs.
· Correction scenario: A breakdown and holding below $86.5K could intensify pressure and shift focus to deeper support levels ($82K–$84K).

In conclusion: Trust the data, not emotions, and bet on long-term prospects

Growth in on-chain activity is the network’s fundamental “pulse,” which often precedes the “temperature” of price charts. The current divergence (price falling, activity rising) has historically often resolved in favor of trend continuation.
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