Bitcoin Activity Surges – Could a Breakout Be Next?

Bitcoin’s blockchain has seen a major spike in usage, hitting its highest activity level in six months.

Nearly a million unique addresses were active on May 3, according to blockchain data—pointing to growing user interest just as BTC holds steady around $95,000.

The surge in engagement comes amid mounting speculation that Bitcoin is on the edge of a decisive price move. Historically, when address activity climbs like this, it often signals a buildup before strong price momentum—either up or down.

Currently, BTC is trading within a tight band, with $96,160 acting as a floor and resistance forming near $98,290. If bulls manage to push past that upper barrier, analysts believe $100,000 could soon be within reach.

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Adding to the bullish case, some technical analysts say Bitcoin is shaking off recent downward pressure tied to geopolitical events and economic uncertainty. As confidence returns and long-term holders stay firm, the market may be preparing for its next leg upward—possibly targeting the $106,000 range if momentum holds.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.